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October 22, 2019
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Reuters - Business

Aramco listing was delayed to rope in anchor investors: sources

Reuters
DUBAI/RIYADH (Reuters) – Oil giant Saudi Aramco’s much-vaunted stock market listing was delayed after deal advisers said they need more time to lock in cornerstone investors, three sources with direct knowledge of the matter told Reuters. FILE PHOTO: The Saudi Aramco logo pictured at the company’s oil facility in Abqaiq,...
Reuters - Business

Oil steady on weak demand concerns despite U.S.-China trade optimism

Reuters
SEOUL (Reuters) – Oil prices were little changed Tuesday as lingering worries over a global economic slowdown that could hurt oil demand offset some signs of progress in U.S.-China trade talks. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of...
Reuters - Business

Oil prices edge up on U.S.-China trade optimism, but demand concerns cap

Reuters
SEOUL (Reuters) – Oil prices steadied a little on Tuesday, supported by signs of progress in talks on resolving the U.S.-China trade dispute, but gains were contained by lingering anxiety a slowdown in the global economy could hurt crude demand. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale...
Reuters - Business

Howard Hughes announces management reshuffle, to sell assets worth $2 billion

Reuters
(Reuters) – Howard Hughes Corp (HHC.N), which counts activist investor William Ackman as chairman, said on Monday it would sell about $2 billion of non-core assets following a strategic review and announced a management reshuffle. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks...
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Companies slow to disclose financial costs of climate change: report

Reuters
FILE PHOTO: Clouds from Hurricane Harvey are seen in the background as smoke rises from a burn off at an oil refinery in Corpus Christi, Texas, U.S. August 26, 2017. REUTERS/Adrees Latif/File Photo (Reuters) – U.S. and European companies in polluting industries rarely disclose the financial risks they face related...
Reuters - Business

Oil prices fall as global demand concerns grow

Reuters
SINGAPORE/LONDON (Reuters) – Oil prices fell on Monday on concerns about slackening global demand that outweighed bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen,...
Reuters - Business

Oil prices steady as investors weigh demand concerns

Reuters
SINGAPORE (Reuters) – Oil prices largely held steady on Monday, recouping some early losses as investors took stock of global economic pressures that could impact oil demand. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21,...
Reuters - Business

Oil prices dip on weak demand outlook, supply concerns

Reuters
SINGAPORE (Reuters) – Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the...
Reuters - Business

China’s indebted HNA group names chairman’s son as president: Caixin

Reuters
A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s indebted HNA Group has appointed its chairman’s son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its...
Reuters - Business

Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy – sources

Reuters
(Reuters) – U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said. FILE PHOTO: A dismantled sign sits leaning outside a Sears department...
Reuters - Business

Oil ticks up as rising crude stocks are offset by products demand

Reuters
LONDON (Reuters) – Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world’s biggest oil consumer, was countered by bullish signals from both the Chinese and U.S. refining sectors. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province,...
Reuters - Business

Oil ebbs as China’s slowest GDP growth in almost three decades stokes demand fears

Reuters
SEOUL (Reuters) – Oil prices slid on Friday on jitters over demand from China after the world’s largest oil importer recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. FILE PHOTO: Pumpjacks are seen during sunset at the...
Reuters - Business

China’s GDP growth grinds to near 30-year low as tariffs hit production

Reuters
BEIJING (Reuters) – China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support. Workers look at cranes lifting containers onto cargo vessels at a...
Reuters - Business

Oil prices steady, all eyes on data seen showing China GDP growth slowdown

Reuters
SEOUL (Reuters) – Oil prices were stable on Friday ahead of data that analysts say could show China, the world’s largest oil consumer, just recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. FILE PHOTO: Pumpjacks are seen...
Reuters - Business

Emerging markets come off the boil for Nestle and Unilever

Reuters
ZURICH/LONDON (Reuters) – Global consumer goods companies are banking on fast-growing emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing. FILE PHOTO: Unilever headquarters in Rotterdam, Netherlands August 21,...
Reuters - Business

Unilever suffers dip in emerging markets sales growth

Reuters
LONDON (Reuters) – A slowdown in India and China put a brake on Unilever’s (ULVR.L) quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant’s business in emerging markets. Since taking the reins in January, Jope has promised accelerated growth...
Reuters - Business

Oil prices fall on signs of large U.S. stock build

Reuters
SINGAPORE (Reuters) – Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field...
Reuters - Business

Barneys enters deal to sell assets to Authentic Brands, B. Riley for $271 million cash

Reuters
FILE PHOTO: The Barneys New York sign is seen outside the luxury department store in New York, U.S., July 31, 2019. REUTERS/Shannon Stapleton/File Photo (Reuters) – U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment...
Reuters - Business

U.S. SEC freezes assets of 18 traders over alleged manipulation

Reuters
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Wednesday it has obtained an asset freeze against 18 traders over a...
Reuters - Business

Oil rises on hopes OPEC will extend supply cuts, weaker U.S. dollar

Reuters
HOUSTON (Reuters) – Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories. FILE PHOTO: The sun sets behind an...

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