U.S. third-quarter economic growth revised down to 3.4 percent
The U.S. economy slowed in the third quarter a bit more than previously estimated, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears to have moderated fu…
Take Five: Bear-y Christmas! World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Exclusive: Nigerian energy sector’s crippling debts delay next power plant
Plans to build another privately-financed power station in Nigeria to help end decades of chronic blackouts have been delayed because of concerns about persistent shortfalls in payments for electricity across the sector.
French court fines oil group Total in Iran bribery case
A Paris court fined French oil and gas group Total 500,000 euros ($570,000) on Friday for bribing foreign public officials in a case related to Iranian contracts in 1997.
Volkswagen to write off Gett investment – Spiegel
German carmaker Volkswagen will write off its investment in Gett after the Israel-based ride hailing app failed to gain ground on bigger rivals Uber [UBER.UL], Lyft and Didi, weekly Der Spiegel reported on Friday.
Ford recalling 874,000 pickup trucks in North America for fire risks
Ford Motor Co said Friday it is recalling 874,000 pickup trucks in North America with engine block heaters for fire risks.
Exclusive: Mitsui, Saudi Aramco, Russia’s RDIF in talks to buy Arctic LNG 2 stakes – sources
Japan’s Mitsui & Co Ltd , Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek’s Arctic LNG 2 project, with the size of the investments still to be decided, sources familiar with the talks told Reuters.
Political stumbles, savvy activists knock Canada’s oil sector to its knees
A decade ago, Canada’s oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring OPEC-style government int…
Futures extend slide on growth fears, government shutdown threat
S&P 500 e-minis logged their biggest losing streak in seven years on Friday, dropping about 0.6 percent on growing worries of slowing global growth and the threat of a U.S. government shutdown.
Online clothing retailers hunt for better fit to cut costly returns
Models testing fashion brands like Adidas , Benetton and Gap are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back.
