By Laura Sanicola (Reuters) -Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. Brent futures settled down 81 cents, or 0.9%, at $86.66 per …
Oil prices settle lower on stronger supply outlook Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar clung to modest gains against the euro on Friday after data showed falling U.S. consumer spending and cooling inflation, and as investors awaited a slew of central bank meetings next week. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last …
Dollar clings to gains after U.S. data; traders eye Fed next week Read More »
WASHINGTON (Reuters) – The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China in talks that concluded on Friday, Bloomberg reported, citing people familiar with the matter. The agreement would extend some export controls the United States adopted in October to companies based …
U.S. secures deal with Netherlands, Japan on China chip export limit – Bloomberg Read More »
(Reuters) – Half-centuries from Devon Conway and Daryl Mitchell powered New Zealand to a 21-run win over India in a Twenty20 international in Ranchi on Friday, giving them a 1-0 lead in the three-match series. Put into bat, New Zealand started strongly with a 43-run opening partnership between Finn Allen (35) and Conway (52), before …
Cricket-Conway, Mitchell power NZ to win over India in first T20 Read More »
By Emma Farge GENEVA (Reuters) -China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully” and the U.S. accusing its rival of illegal retaliatory measures. China’s ambassador to the WTO Li Chenggang spoke at a meeting on trade disputes shortly after the …
(Reuters) – Indian refiners’ crude oil processing in December rose about 4% from a year earlier, provisional government data showed, in line with elevated demand in the world’s third-biggest oil importer and consumer. Crude oil production last month was at 586,700 barrels per day (2.48 million tonnes), down nearly 1.2% year on year, the data …
Indian refiners’ oil processing in December rises 4% y/y Read More »
By Seher Dareen (Reuters) – Gold slipped on Friday as the dollar gained some ground in the wake of U.S. economic data, with investors still trying to pin down the Federal Reserve’s likely move on interest rates next week. Spot gold fell 0.2% to $1,925.99 per ounce by 11:05 a.m. ET (1605 GMT), giving up …
Gold dips as dollar gains after U.S. data; focus shifts to Fed Read More »
(Reuters) – Shares of India’s Adani Enterprises sank nearly 20% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s listed firms, casting doubts on how investors will respond to the company’s record $2.45 billion secondary sale. Seven listed companies of the Adani conglomerate – controlled by one …
By Gopal Sharma KATHMANDU (Reuters) – Nepal’s Supreme Court ruled on Friday that deputy prime minister Rabi Lamichhane had stood for election with invalid citizenship papers, annulling his status as a lawmaker and effectively removing him from office. Lamichhane became deputy prime minister for home affairs – heading the ministry that oversees identity cards – …
Nepal deputy PM loses job after top court rules his ID invalid Read More »
By Chris Thomas, Sriram Mani and Aditya Kalra MUMBAI (Reuters) -Shares of India’s Adani Enterprises plunged on Friday after a scathing report by a U.S. short seller triggered a selloff in the conglomerate’s listed firms, casting doubts on the success of the company’s record $2.45 billion secondary share sale. Seven listed companies of the Adani …
India’s Adani slammed by $48 billion stock rout, putting share sale at risk Read More »
