Posted by editor on April 28, 2017

Toshiba Corp's Westinghouse Electric Co unit will continue operating normally in Asia and Europe, despite the ongoing Chapter 11 restructuring, an executive at the troubled company said on Friday.

Westinghouse filed for bankruptcy last month, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the United States.

Posted by editor on April 27, 2017

United Arab Emirates stocks were lower after the close on Thursday, as losses in the Finance & Investment, Services and Real Estate & Construction sectors led shares lower.

At the close in Dubai, the DFM General fell 0.64% to hit a new 3-months low, while the ADX General index declined 0.62%.

Posted by editor on April 26, 2017

Three of the world's biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth.
BHP Billiton (AX:BHP) (L:BLT), Rio Tinto (AX:RIO) (L:RIO) and Anglo American (L:AAL), whose chairmen have all announced their intention to step down, are also generating healthy cash flows, putting them under pressure to give more money back to shareholders.

Posted by editor on April 25, 2017

By Eveline Danubrata

BEKASI, Indonesia (Reuters) - A full merger of Japanese car makers Mitsubishi Motors Corp (MMC) (T:7211) and Nissan Motor Co Ltd (T:7201) is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday.

"Full merger is not on the table. We want Mitsubishi to reform itself," said Ghosn, who was attending the opening ceremony of a new Mitsubishi factory on the outskirts of Jakarta.

He also said it was likely for Mitsubishi and Nissan to cross-manufacture in areas where it makes sense.

Posted by editor on April 24, 2017

The populist tsunami that slammed into Britain last year, before sweeping across the Atlantic to the United States, may have faded on the shores of France on Sunday.

Despite a strong performance from far-right leader Marine Le Pen in the first round of France's presidential election, the bigger news was the success of Emmanuel Macron, an independent centrist who rode to victory with a counter-intuitive campaign that embraced globalization, immigration and the European Union.

Posted by editor on April 21, 2017

U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business.

Posted by editor on April 20, 2017

 Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies.

Consensus is growing among oil producers that their supply restraint agreement should be extended after its initial six-month term, but there is as yet no agreement, Saudi Energy Minister Khalid al-Falih said on Thursday.

Posted by editor on April 19, 2017

The dollar index traded near three-week lows on Wednesday, dragged down by a resurgent sterling after British Prime Minister Theresa May called for an early general election ahead of Brexit negotiations.

The British currency sailed to more than six-month highs after May said the election would "secure the strong and stable leadership" position needed for talks with the European Union about terms for the looming exit.

Posted by editor on April 18, 2017

 The dollar fell sharply against a basket of major currencies on Monday, as investors fled the greenback amid rising tensions over North Korea.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.43% to 100.06 by 17:54 EDT.

Despite China’s efforts to dissuade North Korea from carrying out continued missile tests, the Kim Jong-Un led nation attempted to fire a ballistic missile on Sunday but it blew up almost immediately.

Posted by editor on April 17, 2017

 Crude oil futures fell slightly in quiet trading on Monday, after a three-day Easter break, as investors digested a third consecutive weekly gain in prices along with North Korea's failed missile launch on Sunday.

Benchmark Brent crude futures were down 18 cents 55.71 at 0047 GMT. On Thursday, before the break closed most major markets, they settled up 3 cents at $55.89 a barrel.

U.S. West Texas Intermediate crude futures were also down 18 cents at $53. They rose 7 cents to $53.18 a barrel on Thursday.


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