FILE PHOTO – An employee walks between front-end loaders which are used to move coal imported from North Korea at Dandong port in the Chinese border city of Dandong, Liaoning province December 7, 2010. REUTERS/Stringer/File Photo PARIS/LONDON/MOSCOW (Reuters) ... More »
A Texaco service station displays the price of petrol and diesel close to the financial centre of London January 30, 2016. REUTERS/Paul Hackett Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with t... More »
A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2, 2016. REUTERS/Issei Kato Asian shares got the new quarter off to a firm start on Monday and European bourses were expected to follow... More »
A logo of Lanxess is seen next to dark clouds at Cologne Bonn airport March 27, 2015. REUTERS/Wolfgang Rattay Lanxess AG (LXSG.DE) is to buy U.S. speciality chemical company Chemtura (CHMT.N) for 2.4 billion euros ($2.69 billion) including debt in the German c... More »
The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson Investment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Ki... More »
A worker looks on at the Bashneft-Ufaneftekhim oil refinery outside Ufa, Bashkortostan, Russia January 29, 2015. REUTERS/Sergei Karpukhin/File Photo Oil held steady on Monday, as the world’s largest producers gathered in Algeria to discuss ways to support the ... More »
Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 21, 2016. REUTERS/Staff/Remote European and Asian shares retreated on Monday as investors waited to see how Donald Trump wou... More »
Out of fuel signs are pictured on gas pumps at a Mapco gas station at Spence Lane and Lebanon Pike in Nashville, Tennessee, U.S. September 17, 2016. REUTERS/David Mudd Retail gasoline prices surged due to continuing problems with Colonial Pipeline Co’s gasolin... More »
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an outpu... More »
A man walks past at an electronic board showing the Japanese yen’s exchange rate against British pound (R) and Euro outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato Asian shares advanced on Monday as markets wagered the U.S. Federal Reserv... More »
Rigging equipment is pictured in a field outside of Sweetwater, Texas June 4, 2015. REUTERS/Cooper Neill Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in three months last week and U.S. crude driller... More »
Passersby walk past in front of electronic boards showing Japan’s Nikkei share average (L), the Japanese yen’s exchange rate against the U.S. dollar (C), British pound (R) and Euro (2nd R) outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato –... More »
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo If investing in commodities invol... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 25, 2016. REUTERS/Brendan McDermid U.S. fund investors are bolstering their bets that the Federal Reserve will bypass an interest-rate increase later this month by p... More »
A man (R) cleans electronic boards showing Japan’s Nikkei average, the exchange rate between the Japanese yen against the U.S. dollar and stock quotation outside a brokerage in Tokyo, Japan, in this April 6, 2016 file photo. REUTERS/Issei Kato/Files Asian shar... More »
A worker looks on at the Bashneft-Ufaneftekhim oil refinery outside Ufa, Bashkortostan, Russia January 29, 2015. REUTERS/Sergei Karpukhin/File Photo Crude prices inched down on Monday in Asia, paring 3 percent gains in the previous session amid worries over a ... More »
Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., August 30, 2016. REUTERS/Lucas Jackson The party looked to be waning for some popular investments in the latest week, with investors trimming expo... More »
A pumpjack drills for oil in the Monterey Shale, California, April 29, 2013. REUTERS/Lucy Nicholson Oil prices fell over 1 percent on Monday after the U.S. dollar jumped, with markets pressured as Iraq’s production rose and as Iran said it would only cooperate... More »
A man walks past a screen displaying the Nikkei average outside a brokerage in Tokyo, Japan, June 24, 2016. REUTERS/Thomas Peter Most Asian share markets tumbled on Monday while the U.S. dollar added to gains made after Federal Reserve Chair Janet Yellen indic... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 23, 2016. REUTERS/Brendan McDermid Investors trimmed risk assets before a gathering of central bankers on Friday, pulling $6.4 billion from U.S.-based stock funds in... More »
An Indian scientist holds a genetically modified (GM) rapeseed crop under trial in New Delhi, India February 13, 2015. REUTERS/Anindito Mukherjee/File photo A government panel has cleared commercial use of what would be India’s first genetically modified (GM) ... More »
By Libby George | LONDON LONDON Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than 10 percent above the start of August, as speculation intensified about potential producer action to support prices in an ... More »
By Marc Jones | LONDON LONDON World shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan’s economic growth had ground to a halt last quarter, while oil prices extended their latest rally. Europe’s main bours... More »
By Trevor Hunnicutt | NEW YORK NEW YORK Investors reversed course and poured money into even the riskiest bonds in the latest week, for inflows into U.S.-based high-yield bond funds of $1.7 billion after two straight weeks of outflows, Lipper data showed on Th... More »
LONDON World shares hovered close to one-year highs on Thursday as oil prices dropped for a third straight day and the latest interest rate cut in a developed market – this time New Zealand – got a lukewarm reaction from investors. The slip in crude markets le... More »
SINGAPORE Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforced fears of a persistent supply overhang that will last well into next year and keep weighing on markets. U.S. West Texas Intermediate (WTI) ... More »
LOS ANGELES Consumer groups will deliver a petition from more than 350,000 people to the KFC restaurant chain on Wednesday, calling on the Yum Brands Inc unit (YUM.N) to stop the routine use of antibiotics by the companies that supply its chicken. Several fast... More »
LONDON Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market. Brent crude was down $0.44 at $43.09 a barrel at 0854 GMT (4:54 a.m. ET) from the previous settlement, afte... More »
CHICAGO The agricultural unit of German chemicals company Bayer AG will halt future U.S. sales of an insecticide that can be used on more than 200 crops after losing a fight with the U.S. Environmental Protection Agency, the company said on Friday. Bayer lost ... More »
SINGAPORE/TOKYO Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come. International Brent crude oil futures were trading at $45.51 per barrel at 0623 GMT, down 18 c... More »
TOKYO Asian shares held near nine-month highs on Monday as assurance from policymakers on the need to boost growth quelled worries over the impact of Britain’s Brexit vote while the dollar, buoyed by solid U.S. economic data, stayed firm. Policymakers from the... More »
CAIRO An aircraft powered by solar energy left Egypt on Sunday on the last leg of the first ever fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, took off from Cairo in darkness en route to Abu Dhabi, its final destination, with... More »
SYDNEY The U.S. dollar gained on the yen on Monday as investors unwound safe-haven trades in the wake of the failed coup in Turkey, while a giant takeover bid in the tech sector and the promise of central bank stimulus lent support to equities. The Turkish lir... More »
SINGAPORE Oil prices rose in Asian trade on Monday, following gains last week, as traders shrugged off the impact of Friday’s attempted coup in Turkey, while a weaker dollar and upbeat economic data from the United States lent price support. Brent crude future... More »
NEW YORK Oil prices were either side of unchanged on Sunday in early trade as the impact from Turkey’s failed military coup was broadly expected to be limited on global markets. The most-active Brent futures for September delivery rose $0.02, or 0.04 percent, ... More »
SINGAPORE Crude futures fell on Wednesday as investors locked in gains after oil prices surged nearly 5 percent in the previous session, partly on forecasts from the U.S. government and OPEC that demand would increase next year. Oil prices were also under pres... More »
TOKYO Asian shares came within reach of their 2016 highs on Wednesday as prospects of solid U.S. growth and accommodative economic policy in major markets whet investors’ risk appetite damaged by uncertainty from Brexit. Spreadbetters expected European shares ... More »
SEVILLE, Spain An airplane powered solely by energy from the sun took off from southern Spain early on Monday on the penultimate leg of the first ever fuel-free round-the-world flight. The single-seat Solar Impulse 2 lifted off from Seville at 0420 GMT (12:20 ... More »
BERLIN Volkswagen AG (VOWG_p.DE) should offer European drivers similar compensation to what the German carmaker is expected to pay U.S. customers, Europe’s Industry Commissioner Elzbieta Bienkowska told a newspaper on Sunday. “Volkswagen should voluntarily pay... More »
SEVILLE, Spain An airplane powered solely by the sun landed safely in Seville in Spain early on Thursday after an almost three-day flight across the Atlantic from New York in one of the longest legs of the first ever fuel-less flight around the world. The sing... More »
NEW YORK Safe-haven German Bund yields fell below zero on Tuesday for the first time and global equity markets slid for a fourth day running on rising worries about a potential British exit from the European Union. Polls and bookmakers’ odds showed a growing c... More »
NEW YORK/LONDON Oil prices fell for a fourth straight day on Tuesday, swept lower by investor nervousness over Britain’s vote next week on whether to leave the European Union, which overshadowed signs of a return to health for crude markets. Safe-haven German ... More »
LONDON European shares fell in subdued, holiday-squeezed trade on Monday, unable to maintain the momentum of Asian stocks that shrugged off sub-par Chinese economic data to eke out modest gains. Wall Street appeared set to open flat to marginally higher, accor... More »
LONDON Oil prices jumped over 2 percent on Monday to their highest since November 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit. Brent cr... More »
U.S. bank Goldman Sachs, one of the most bearish forecasters on oil over the past year, on Monday raised its short-term price outlook as it said the market had flipped into a deficit due to production outages in Nigeria and Canada. Goldman, one of the most act... More »
Amazon.com Inc will launch new lines of its private-label brands in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The new brands with names like Happy Belly, Wickedly Prime and Mama Bear will include nuts, spices, ... More »
BEIJING The value of China’s services trade is expected to grow rapidly and exceed $750 billion in 2016 but the country’s export sector remains under pressure, the commerce ministry said on Tuesday. Global commodities markets have to cope with reductions in ov... More »
LONDON Oil rose on Tuesday, driven by supply disruptions in Canada and elsewhere that have knocked out 2.5 million barrels of daily production and temporarily eclipsed concern over high global inventories and a looming surplus of refined products. In spite of ... More »
SINGAPORE Iran has set its June official selling prices (OSPs) for heavier crude grades it sells to Asia at the biggest discounts to Saudi and Iraqi oil since 2007-2008, raising the stakes in its fight to regain market share. This is third time Iran has change... More »
HONG KONG Asian stocks slipped to two-month lows on Tuesday as weak oil prices weighed on sentiment while the dollar got a lift against its peers as the differences in policy directions between the world’s top central banks became starker. MSCI’s broadest inde... More »
Across the U.S. Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds from companie... More »
SINGAPORE Oil prices dipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.80 per barrel at 0710 GMT, down 31 cents from its last ... More »
TOKYO Asian shares and the dollar dropped on Monday as investors took profits from the currency’s recent gains ahead of central bank meetings in the United States and Japan this week. Financial spreadbetters expected mixed openings for European markets, with B... More »
PRETORIA South Africa’s estimates for key crops such as maize have become increasingly accurate thanks to satellite imagery and as farmers’ often biased input has been cut out of the picture, a conference was told on Thursday. South Africa’s maize crop has bee... More »
SINGAPORE Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Ar... More »
TOKYO Tumbling crude oil futures knocked Asian shares on Monday after producers’ talks failed to agree on a plan to curb the global supply glut, while Tokyo stocks skidded as investors assessed the impact of a devastating earthquake in southwestern Japan. The ... More »
SYDNEY Australian scientists say they have developed the world’s first WHO-approved “gluten-free” barley, a breakthrough for global beer manufacturers which have had to use alternatives to barley such as rice and sorghum to brew gluten-free beer. Australia’s C... More »
SINGAPORE Crude prices dipped on Monday as analysts, including Goldman Sachs, poured cold water on the prospects of a planned oil producer meeting successfully reining in global oversupply, although a firm demand outlook checked losses. U.S. crude eased to $39... More »
TOKYO Asian stocks erased early losses and edged up on Monday as Chinese inflation data fanned optimism Beijing will continue with loose monetary policies, while Japanese shares slid as the dollar notched a fresh 17-month low against the yen. Financial spreadb... More »
NEW YORK Exchange-traded fund investors showed continued confidence in U.S. markets, delivering stock ETFs based in the country $3.5 billion and their sixth straight week of net new cash during the latest week, Lipper data showed on Thursday. Stock mutual fund... More »
LONDON Dozens of journalists at oil-price reporting agency Argus Media are set to become multi-millionaires when a deal to bring an investor onboard goes through later this year, potentially valuing the firm at as much as $1.3 billion. Argus, which makes the b... More »
TOKYO Asian share prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while last week’s dovish comments from Federal Reserve Chair Janet Yellen kept the U.S. dollar in check. Oil prices showed signs of fatigue after las... More »
SINGAPORE Oil prices fell on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade, while stubbornly high U.S. output and worries about Asia’s economic outlook also dragged on prices. Iran, returning to global oil mark... More »
SINGAPORE/TOKYO The dollar firmed on Monday and most Asian markets surrendered early gains as investors cautiously awaited U.S. economic data and speeches by Federal Reserve officials this week that could signal more interest rate increases than expected. Euro... More »
TOKYO Oil prices rose on Monday after a three-day break, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented, but volumes were thin as a number of markets remain on holiday for Easter. U.S. crude’... More »
SHANGHAI/SINGAPORE China’s mutual fund industry is pushing to develop investment products linked to local commodity futures, betting that plans to fight chronic oversupply in the country’s mammoth resource sector will drive up prices for raw materials. The fun... More »
LONDON Oil fell below $40 a barrel on Thursday, heading for the biggest weekly slide in two months, dented by record-high stockpiles in the United States and a stronger dollar. The U.S. government’s Energy Information Administration (EIA) said crude stockpiles... More »
The U.S. Securities and Exchange Commission has ruled Exxon Mobil Corp must include a climate change resolution on its annual shareholder proxy, a defeat for the world’s largest publicly traded oil producer, which had argued it already provides adequate carbon... More »
SYDNEY The dollar advanced for a fifth straight session on Thursday, pressuring commodities and Asian shares after yet another Federal Reserve official talked up the chance of more than one increase in U.S interest rates this year. If the dollar .DXY can keep ... More »
SINGAPORE Oil prices fell on Monday, weighed down by global oversupply and slowing economic growth prospects, although the prospects of falling production lent crude some support. U.S. crude was trading at $38.15 per barrel at 0759 GMT, down 35 cents from thei... More »
TOKYO Asian shares began a central-bank focused week on firm footing on Monday, buoyed by gains on Wall Street as well as glimmers of strength in weekend data from China. Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open 0.3 percent higher. Ger... More »
NEW YORK Fifty-stage frack jobs. Fifteen-foot cluster spacing. More than 2,000 pounds of proppant concentrate per foot. Top U.S. shale producers are pushing fracking technology to new extremes to get more oil out of their wells, as they weather lower-for-longe... More »
ACAPULCO, Mexico BlackRock Inc Chief Executive Officer Larry Fink said on Friday that China may be the biggest hurdle to global financial markets and that central bankers are adding to risks with negative-interest rate policies. “China does represent maybe mor... More »
SINGAPORE Brent crude prices rose to nearly $40 per barrel on Wednesday as traders expected defaults to trigger a drop in production, but analysts warned it would take time for the global glut to shrink as energy demand slows. Brent crude oil futures LCOc1 ros... More »
TOKYO/SINGAPORE Sharp losses in Chinese stocks pulled Asian equities further away from two-month highs on Wednesday as weak trade figures from the world’s second-biggest economy and wobbly oil prices revived concerns about global growth. European shares, howev... More »
TOKYO Asian stocks retreated on Monday after a weekend meeting of G20 policymakers ended with no new coordinated action to spur global growth and as solid U.S. data revived expectation of the Federal Reserve further raising rates before year-end. MSCI’s broade... More »
SINGAPORE Brent crude futures edged up on Monday after already making up ground last week as indications mounted of the market bottoming out, but analysts warned that downward risk remained and that it would take some time to work down a huge global glut. Bren... More »
NEW YORK For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more- now some say they will settle for far less in deciding whether to crank up output after th... More »
OSLO Bees and other pollinators face increasing risks to their survival, threatening foods such as apples, blueberries and coffee worth hundreds of billions of dollars a year, the first global assessment of pollinators showed on Friday. Pesticides, loss of hab... More »
SINGAPORE Oil prices slid on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in U.S. crude stockpiles. Meanwhile, Iran made clear it has no interest i... More »
TOKYO/SINGAPORE Asian shares fell on Wednesday as oil prices skidded after Saudi Arabia effectively ruled out production cuts by major producers anytime soon, sending investors into safe-havens such as the yen and gold. European markets set to follow Asia’s le... More »
LONDON European shares plunged to 16-month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth. Data over the weekend showing China’s foreign r... More »
LONDON Crude oil prices eased in thin trade on Monday as a meeting between OPEC producers Saudi Arabia and Venezuela showed little indication that steps would be taken to boost prices. Global benchmark Brent futures LCOc1 were down 8 cents at $34.98 at 4.32 a.... More »
SINGAPORE Oil prices fell on Monday after China and South Korea posted weak economic data, while fading prospects for a coordinated output cut by leading crude exporters also hurt the market. Chinese data showed its manufacturing sector had contracted at the f... More »
HONG KONG Asian stocks started a new month on a cautious note on Monday, with the Bank of Japan’s surprise policy easing sparking some buying but further signs of economic weakness in China and a fall in oil prices keeping investors on guard. European stocks w... More »
BOSTON As 2016 shapes up to be even more unpredictable than last year, wealthy investors are planning to allocate more of their money to hedge funds focusing their bets on rates, currencies and commodities rather than stocks, a strategy which tends to fare bet... More »
LONDON European stocks succumbed to another slide in oil prices on Wednesday as markets waited cautiously to see what the Federal Reserve’s reaction will be to what has been a brutal start to the year for world markets. Asian and particularly Chinese bourses .... More »
LONDON Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built up the day before over the potential for the world’s largest exporters to cut output enough to stem a 19-month-long price slide. Another contr... More »
SINGAPORE Oil prices rebounded on Tuesday, supported by strong Chinese fuel consumption and at least interrupting a slide to 2003 levels earlier in the week after the return of Iran to markets added to an already huge supply overhang. Traders said prices were ... More »
KUALA LUMPUR Petroliam Nasional Bhd (Petronas) [PETR.UL] is planning to slash spending by as much as 50 billion ringgit ($11.41 billion) over the next four years, as a slump in oil prices to multi-year lows pinches profits of the Malaysian state firm. Petronas... More »
TOKYO Asian shares were mostly higher on Tuesday as Shanghai stocks surged after data pointing to slower Chinese economic growth fanned stimulus hopes. Spreadbetters expected Europe to follow Asia’s lead and forecast a higher open for Britain’s FTSE .FTSE, Ger... More »
LONDON European shares fell on Monday, following Asia lower and led by banks after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans, while oil prices tumbled on the prospect of more supply from Iran. With U.S. marke... More »
MIAMI – The SpaceX Falcon 9 rocket that exploded into a fiery ball just after landing at sea off California on Sunday had descended with pinpoint accuracy onto an ocean barge before a landing leg buckled, causing the booster to tip over, a landing video showed... More »
LONDON Oil prices fell for a sixth session to trade at almost 12-year lows on Monday as concerns about China’s economic slowdown, reflected in a renewed slide in its stock markets, weighed on the outlook for demand this year. Traders increased bets against any... More »
Alcoa Inc said on Monday it had signed a $1.5 billion long-term contract with General Electric Co’s aviation unit to supply components used in aircraft engines. The aluminum producer will provide advanced nickel-based superalloy, titanium and aluminum componen... More »
LONDON World stocks fell to near 2-1/2 year lows on Monday as a fresh pounding for Chinese markets left Asia at a four-year trough and sent oil and commodity markets sprawling again. Europe’s main bourses saw a more steady start to the week but investors were ... More »
A federal appeals court on Friday set back Bank of New York Mellon Corp’s effort to recoup $312 million it lent to Sentinel Management Group Inc, a money manager that collapsed in 2007 and whose former chief is now in prison for fraud. The 7th U.S. Circuit Cou... More »
SINGAPORE Brent crude fell to levels last seen in 2004 on Monday, dropping under the lows hit during the 2008 financial crisis on renewed worries over an oil glut, with analysts saying prices could head lower still. Global production remains at or near record ... More »
BEIJING Russia overtook Saudi Arabia for the third time this year in November as China’s largest crude oil supplier, customs data showed on Monday, as Russia captures fresh demand from China’s new crude buyers. China brought in about 949,925 barrels per day (b... More »
SINGAPORE/SYDNEY Chinese shares led Asian markets higher on Monday, defying a dive on Wall Street, while the price of Brent crude plumbed 11-year lows on renewed worries over a global oil glut. European shares are unlikely to follow Asia’s example, with spread... More »
