Exclusive: Exxon adds veteran traders to bulk up oil trading – sources
Exxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Paradise in Houston, to further boost its trading capabilities, sources familiar with the matter told Reuters on Wednesday.
Factbox: Dutch state builds 14 percent stake in Air France KLM
The Dutch government in recent days has stealthily built up a 14 percent stake in Air France KLM, which it said was needed to protect Dutch interests from growing French dominance in the airline group.
Oil prices spike as U.S. crude stocks draw, OPEC shrugs off Trump
Oil futures jumped more than 2 percent on Wednesday after U.S. crude inventories unexpectedly plunged and as top OPEC producer Saudi Arabia appeared unfazed by pressure from U.S. President Donald Trump to prevent oil prices from rising.
Dutch state’s Air France-KLM raid shows interventionist mood
When Air France’s new Canadian chief executive met Dutch politicians in The Hague on Feb. 15, he unknowingly set in motion a new chapter in European aviation nationalism.
PG&E slips after WSJ reports co delayed safety overhaul
Shares of PG&E Corp fell 2 percent after the Wall Street Journal reported https://www.wsj.com/articles/pg-e-delayed-safety-work-on-power-line-that-is-prime-suspect-in-california-wildfire-11551292977 the company had repeatedly delayed a safety overhaul of a century-old high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history.
Airbus eyes warplane with no German parts after Saudi arms ban: sources
Airbus has decided to redesign the C295 military transport aircraft it builds in Spain to remove German components following Germany’s freeze on arms exports to Saudi Arabia, company sources told Reuters.
J.C. Penney pulls plug on clothing subscription service
J.C. Penney Co Inc on Friday will end a clothing subscription service venture, the retailer said this week, a move toward sharpening its focus on more-profitable apparel sales and exiting lines like major appliances.
Wall Street edges lower after Lighthizer comments on trade talks
Wall Street’s main indexes edged lower on Wednesday after U.S. trade representative Robert Lighthizer said the United States and China still had hard work ahead to reach a trade deal.
Factbox: U.S. Commerce Department to publish fourth-quarter GDP report Thursday
The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) will publish the fourth-quarter gross domestic product (GDP) report on Thursday at 08:30 a.m (1330 GMT) after it was delayed by a 35-day partial shutdown of the government that ended on J…
U.S. wants regular meetings to ensure trade deal enforcement: Lighthizer
The United States wants meetings as regularly as once a month to ensure enforcement of any potential trade pact with China, U.S. Trade Representative Robert Lighthizer said on Wednesday.
