Energy (Legacy)

Cuba says economy shrank this year in tandem with Venezuela crisis

Cuba says economy shrank this year in tandem with Venezuela crisis

Published 27/12/2016

Containers are seen at the Mariel port in Artemisa province, Cuba January 5, 2016. REUTERS/Enrique de la Osa

Cuba's economy shrank 0.9 percent this year in tandem with the crisis in key trading partner Venezuela, President Raul Castro told the National Assembly on Tuesday in a closed-door speech, predicting a slightly brighter outlook for 2017.

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Equity, Macro hedge funds look to bounce back from a tough year

Equity, Macro hedge funds look to bounce back from a tough year

Published 23/12/2016

An electoral poster of Donald Trump is displayed on the floor of the New York Stock Exchange (NYSE) the morning after the U.S. presidential election in New York City, U.S., November 9, 2016. REUTERS/Brendan McDermid

For some equity funds and those betting on macroeconomic trends, which together make up a large chunk of the $3 trillion global hedge fund industry's assets, 2016 has been another year to forget.

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Ukraine declares largest lender insolvent, readies support

Ukraine declares largest lender insolvent, readies support

Published 19/12/2016

The logo of Privatbank is pictured outside its branch in central Kiev, Ukraine, December 18, 2016. REUTERS/Valentyn Ogirenko

Ukraine declared the country's largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats to the financial system.

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Oil prices rise in anticipation of tighter 2017 market

Oil prices rise in anticipation of tighter 2017 market

Published 19/12/2016

An employee at a Total fuel station waits for customers in south Jakarta February 12, 2015. REUTERS/Darren Whiteside

Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.

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Exclusive: If Trump skews science, researchers must raise the alarm – Obama official

Exclusive: If Trump skews science, researchers must raise the alarm – Obama official

Published 19/12/2016

U.S. President-elect Donald Trump speaks at the USA Thank You Tour event at the Wisconsin State Fair Exposition Center in West Allis, Wisconsin, U.S., December 13, 2016. REUTERS/Shannon Stapleton

Scientists must confront climate change deniers and speak up if U.S. President-elect Donald Trump tries to sideline climate research, Interior Secretary Sally Jewell is due to say on Wednesday.

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U.S.-based stock ETFs rake in cash as Fed raises rates: Lipper

Published 19/12/2016

Investors piled into stock exchange-traded funds at the fastest pace since their record-setting haul following the U.S. presidential election, Lipper said on Thursday, as policymakers raised interest rates.

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Saudi Arabia, U.S. play down reports of curbs on military support

Saudi Arabia, U.S. play down reports of curbs on military support

Published 19/12/2016

Saudi King Salman (R) meets with U.S. Secretary of State John Kerry in Riyadh, Saudi Arabia December 18, 2016. Saudi Press Agency/Handout via REUTERS

Saudi Arabia and the United States on Sunday played down media reports that Washington had decided to limit military support, including planned arms sales to the kingdom, over its war in Yemen.

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Goldman says non-OPEC output cut deal aimed at inventory glut

Goldman says non-OPEC output cut deal aimed at inventory glut

Published 12/12/2016

A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC's headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader

Goldman Sachs said the formal agreement by non-OPEC oil producers this weekend in Vienna to help curb output was reached with a goal of "normalization" of inventories and not necessarily just at raising oil prices.

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Oil prices soar on global producer deal to cut crude output

Oil prices soar on global producer deal to cut crude output

Published 12/12/2016

An employee holds a gas pump at a petrol station in Sao Paulo, Brazil, November 8, 2016. REUTERS/Paulo Whitaker

Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets.

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Republican wins Senate runoff in Louisiana, giving party 52 seats

Republican wins Senate runoff in Louisiana, giving party 52 seats

Published 12/12/2016

FILE PHOTO - U.S. President-elect Donald Trump waves with U.S. Senate Candidate from Louisiana John Kennedy (R) during a ''Thank You USA'' tour rally in Baton Rouge, Louisiana, U.S., December 9, 2016. REUTERS/Mike Segar/File Photo

Republican John Neely Kennedy, a candidate for the U.S. Senate, won a runoff election in Louisiana on Saturday against Democrat Foster Campbell in a race that gives the Republicans a 52-seat majority in the chamber.

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