Euro rally keeps dollar in the doldrums
LONDON (Reuters) – The dollar remained mired near its lowest levels since early 2015 as European Central Bank President Mario Draghi’s suggestion that the ECB may begin tapering its massive stimulus program this autumn continued to underpin the euro.
Oil markets mixed on Saudi supply cut, hurricane damage to refineries
SINGAPORE (Reuters) – Oil markets were mixed on Friday, with Brent crude supported by expectations that Saudi Arabia could cut its October supplies, while U.S. crude was weighed down by refinery outages due to damage from Hurricane Harvey, which dented…
Western Digital seeks Y50 billion from Apple to help finance Toshiba chip bid: Kyodo
TOKYO (Reuters) – A group including Western Digital is seeking around 50 billion yen ($464 million) from Apple Inc to help finance a bid for Toshiba Corp’s memory chip unit, Kyodo news agency reported on Friday.
Will Saudi Aramco deliver world record profit for next year’s IPO?
LONDON (Reuters) – When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO)…
The next oil major? Service firm Schlumberger’s big bet on production
HOUSTON (Reuters) – The world’s largest oilfield services company, Schlumberger NV, is spending billions of dollars buying stakes in its customers’ oil and gas projects – investing in the same ventures it supplies with equipment and expertise.
Oil prices rise on sharp drop in U.S. production as hurricanes bite
SINGAPORE (Reuters) – Oil prices rose on Friday as U.S. crude production was hit harder by Hurricane Harvey than expected, with the even bigger storm Irma heading for Florida and threatening to cause more disruption to the petroleum industry.
Asian shares firm, dollar slumps on ECB’s tapering signal
TOKYO (Reuters) – Asian shares firmed on Friday, supported by solid Chinese trade data, while the dollar skidded after European Central Bank chief Mario Draghi suggested the central bank may begin tapering its massive stimulus programme this autumn.
Harvey may pinch some Gulf Coast refining, chemical projects
NEW YORK/HOUSTON (Reuters) – Oil and petrochemical plants along the U.S. Gulf Coast intend to go ahead with plans for near record spending on expansions next year, despite Hurricane Harvey driving up labor costs and slowing work, experts said.
Hyundai Motor says will continue China JV with BAIC
SEOUL (Reuters) – South Korean automaker Hyundai Motor Co said on Friday it will continue its Chinese joint venture with BAIC Motor , shrugging off investor concerns about soured relationships between the partners.
Monsanto fights to sell Arkansas farmers herbicide linked to crop damage
CHICAGO (Reuters) – Monsanto Co filed a petition on Thursday asking Arkansas agricultural officials to reject a proposed date next year that would end sprayings of the herbicide dicamba, which has been linked to crop damage across the U.S. farm belt.
