Investors sense opportunities in Big Oil – but mind the gap
LONDON (Reuters) – Investors are gaining confidence – up to a point – that 2018 will be the year of oil stocks.
Code crackdown: China payments restrictions to hit profits
BEIJING (Reuters) – A decision by China’s central bank to rein in reserve funds held by payment firms could cost the industry upwards of $689 million a year, spur consolidation and alter the way Asia’s biggest tech firms move money.
Consumer loan securitization boom put on hold as China clamps down on leverage
BEIJING (Reuters) – A boom in asset-backed securities issued by micro-lenders aiming to expand in China’s fast-growing online credit market looks set to slow this year amid growing regulatory scrutiny.
Asian shares near record high, dollar weak ahead of job, wage data
TOKYO (Reuters) – Asian shares inched closer to a record high on Friday as U.S. jobs data pointed to firm economic growth although the greenback was soft as the specter of benign inflation capped domestic bond yields.
Google eyes Chinese e-sports market with $120 million investment in Chushou
BEIJING (Reuters) – Alphabet Inc’s Google has led a $120 million investment in Chinese live-stream mobile game platform Chushou, the two companies said on Friday, as the U.S. firm eyes new inroads to China where its search engine is blocked.
Solid U.S. job growth expected in December; wages seen rising
WASHINGTON (Reuters) – U.S. employers likely maintained a brisk pace of hiring in December while increasing wages for workers amid growing confidence in the economy, which could pave the way for the Federal Reserve to increase interest rates in March.
Saudi Arabia changes Aramco status to joint-stock company -official bulletin
DUBAI (Reuters) – Saudi Arabia has changed the status of national oil firm Aramco to a joint-stock company as of Jan. 1, the kingdom’s official bulletin said on Friday, in a major step ahead of a planned initial public offering.
Uber ex-CEO Kalanick selling nearly a third of stake for $1.4 billion: source
(Reuters) – Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for about $1.4 billion, a person familiar with the matter said on Th…
Oil dips away from 2015 highs as doubts over rally emerge
SINGAPORE (Reuters) – Oil prices fell on Friday, dropping away from highs last seen in 2015, as soaring production in the United States undermined the 10 percent rally from lows hit in December that was driven by tightening supply and political tension…
Asian shares near record high, dollar weak as job, wage data awaited
TOKYO (Reuters) – Asian shares inched closer to a record high on Friday as U.S. jobs data pointed to firm economic growth although the greenback was soft as the specter of benign inflation capped domestic bond yields.
