Legendary U.S. investor Boone Pickens closes energy hedge fund after setbacks
(Paragraph 6 of this JAN. 12 story has been corrected after HSBC said the Andurand Commodities Fund gained 2.2 pct in 2017, instead of losing 4.47 pct)
Noble Group nets less than expected from oil unit sale to Vitol
LONDON (Reuters) – Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world’s largest oil trader Vitol, but net proceeds from the deal are lower than a previously announced estimate, the company sai…
Oil hovers below $70 highs, clouded by rise in U.S. output
LONDON (Reuters) – Oil hovered near a three-year high of $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of “red flags” due to surging U.S. production.
Euro hits three-year high as Europe leads global optimism
LONDON (Reuters) – The euro shot to a three-year high on Monday as optimism around growth buoyed expectations of tighter monetary policy from European Central Bank, while the chance of a pro-European Union coalition in Germany also boosted confidence …
Airbus aims to seize jet production crown from Boeing in 2020
PARIS (Reuters) – Airbus is three years away from recovering leadership of the commercial aircraft market by outproducing U.S. rival Boeing , its top planemaker predicted on Monday.
Exclusive: China’s JD.com targets $2 billion fundraising at logistics unit – sources
HONG KONG (Reuters) – China’s second-biggest e-commerce firm JD.com has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, people with direct knowledge of the …
Airbus wins 2017 order race after last-minute sales spree
PARIS (Reuters) – Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing’s recent lead in the global jet market to win their annual order contest for the fifth year running, but doubts remain over the future of its flagship A380.
Britain’s Carillion collapses, forcing government to step in
LONDON (Reuters) – Britain’s Carillion collapsed on Monday after its banks lost faith in the construction and services company, throwing hundreds of major projects into doubt and forcing the government to step in to guarantee vital public services.
Toymaker Lego teams up with Chinese internet giant Tencent
BEIJING/COPENHAGEN (Reuters) – Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children.
HNA’s problems mount as airlines delay payments, bank sets up team to handle debt: sources
SHANGHAI/SINGAPORE (Reuters) – Some airlines affiliated with China’s HNA Group Co Ltd are delaying aircraft lease payments to lessors, and Export-Import Bank of China, which is a long-term financer of the group, has formed a team to handle the conglome…
