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February 19, 2020
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Reuters - Business

Oil up on slowing pace of coronavirus, Venezuela sanctions

Reuters
LONDON (Reuters) – Oil prices rose on Wednesday, with Brent gaining for a seventh straight day, after a slowing of new coronavirus cases in China eased demand worries and supply was curtailed by a U.S. move to cut more Venezuelan crude from the market. FILE PHOTO: Pump jacks operate at......
Reuters - Business

Kuwaiti parliament to investigate Airbus aircraft orders

Reuters
FILE PHOTO: Logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau/File Photo DUBAI (Reuters) – Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s (AIR.PA) aircraft orders from the Gulf Arab......
Reuters - Business

Qatar Airways spends $600 million to lift stake in BA owner to 25%

Reuters
LONDON/DUBAI (Reuters) – Qatar Airways has bought a $600 million stake in British Airways-owner IAG (ICAG.L) to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management. FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome,......
Reuters - Business

Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper

Reuters
FILE PHOTO: Different types of 4G, 5G and data radio relay antennas for mobile phone networks are pictured on a relay mast operated by Vodafone in Berlin, Germany, April 8, 2019. REUTERS/Fabrizio Bensch/File Photo BRUSSELS (Reuters) – Vodafone and Telekom Italia have offered to allow rivals access to sites in......
Reuters - Business

Qatar increases its stake in BA-owner IAG to 25.1%

Reuters
FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome, Italy, March 30, 2019. REUTERS/Alberto Lingria LONDON (Reuters) – Qatar Airways Group said on Wednesday it had increased its holding in British Airways-owner IAG (ICAG.L) to 25.1%, buying another stake worth $600......
Reuters - Business

Oil gains as optimism grows economic impact of coronavirus outbreak may be brief

Reuters
TOKYO (Reuters) – Oil prices gained 1% on Wednesday, with Brent rising a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market. FILE PHOTO: Pump......
Reuters - Business

Oil inches higher, but gains capped by widening economic impact of coronavirus outbreak

Reuters
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo TOKYO (Reuters) – Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a......
Reuters - Business

Oil near flat; virus impact offsets Libya supply disruptions

Reuters
NEW YORK (Reuters) – Oil prices were near flat on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China, but prices drew support from a reduction in supply from Libya. FILE PHOTO: Pump jacks operate in front of a drilling rig in an......
Reuters - Business

Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm

Reuters
(Reuters) – U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings (HSBA.L) in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said. FILE PHOTO: The Huawei logo is seen on a communications device in London,......
Reuters - Business

Oil dips on virus impact, OPEC+ delay

Reuters
NEW YORK (Reuters) – Oil prices edged lower on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. FILE PHOTO: Pump jacks operate in front of a drilling......
Reuters - Business

Oil falls nearly 1% on virus impact, OPEC+ delay

Reuters
NEW YORK (Reuters) – Oil prices fell almost 1% on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. FILE PHOTO: Pump jacks operate in front of a......
Reuters - Business

Oil falls below $57 on virus impact, OPEC+ delay

Reuters
LONDON (Reuters) – Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. FILE PHOTO: Pump jacks operate in front of a......
Reuters - Business

Coronavirus dents bookings for Holiday Inn owner IHG

Reuters
(Reuters) – InterContinental Hotels (IHG.L)(IHG) warned on Tuesday that fewer travellers are booking its rooms in China because of the coronavirus outbreak. FILE PHOTO: The ticker symbol and company logo for InterContinental Hotels Group is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in......
Reuters - Business

HSBC to slash investment bank, 35,000 jobs in strategy overhaul

Reuters
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC (HSBA.L) said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and European businesses in a drastic overhaul that will mean 35,000 jobs cut over three years. The bank, which has struggled to keep pace......
Reuters - Business

Oil drops below $57 on coronavirus impact and OPEC+ delay

Reuters
LONDON (Reuters) – Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. FILE PHOTO: Pump jacks operate in front of a......
Reuters - Business

Oil prices slip as coronavirus concerns linger

Reuters
SINGAPORE (Reuters) – Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas......
Reuters - Business

Oil edges up as output cut hopes offset coronavirus concern

Reuters
NEW YORK/LONDON (Reuters) – Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts from major producers could tighten global crude supply. FILE PHOTO: A oil pump is seen at sunset outside Scheibenhard, near......
Reuters - Business

Exclusive: Italian government leaning towards third term for Eni CEO – sources

Reuters
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up efforts to cut carbon emissions, four senior political sources told Reuters. FILE PHOTO: Claudio Descalzi, CEO of Italian energy company......
Reuters - Business

Thyssenkrupp shortlists buyout firms for elevator unit, Kone out

Reuters
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion euro ($17 billion) elevator unit, dealing a blow to Finland’s Kone (KNEBV.HE), which withdrew from the closely watched deal. Logo is displayed in an elevator at the KONE Academy of......
Reuters - Business

EU industry chief warns of more onerous tech rules by year end

Reuters
BRUSSELS (Reuters) – The European Union will decide by the end of the year whether to impose rules reining in the market power of U.S. tech giants, the bloc’s industry chief said on Monday as he criticised Facebook’s proposals as insufficient to address EU concerns. The comments by EU industry......

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