IEA says OPEC compliance with oil cuts at lowest in six months
LONDON (Reuters) – OPEC’s compliance with production cuts fell in June to its lowest levels in six months as several members pumped much more oil than allowed by their supply deal, thus delaying market rebalancing, the International Energy Agency said …
Qatar Airways to go ahead with American Airlines stake buy despite codeshare ending
DOHA (Reuters) – Qatar Airways Chief Executive said on Thursday the airline still planned to buy a stake in American Airlines despite the U.S. carrier ending a code-share agreement between the two companies.
Daimler shares drop 2.5 percent after excess emissions report
FRANKFURT (Reuters) – Shares in Mercedes maker Daimler fell 2.5 percent in early trade on Thursday after a report accusing the carmaker of possibly selling more than a million cars with excess emissions in Europe and the United States.
Massive copper mine tests Trump’s push to slash regulation
SUPERIOR, Arizona (Reuters) – Rio Tinto’s proposed Resolution Copper Mine in Arizona would tunnel 7,000 feet underground, where rocks radiate heat from the earth’s molten core. It would suck up enough water to supply a city and leave a crater a mile and a half wide and 1,000 feet deep.
Toshiba: Not true auditor told co it can’t form opinion on annual report
TOKYO (Reuters) – Toshiba Corp on Thursday denied a media report that the company was told by its auditor that it would not provide an opinion, or an endorsement, for its annual report.
Shares, bonds rally as markets count on cautious Fed
LONDON (Reuters) – World shares hit their fourth all-time high in less than a month on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street to record peaks and lowering bond yields almost ev…
Trump’s Fed nominee has history of benefiting from bailouts
(Reuters) – President Donald Trump’s pick to lead bank supervision at the Federal Reserve benefited from the government bailing out or rescuing two banks during the 2008 financial crisis, but that may not prevent his confirmation by a U.S. Senate contr…
Exclusive: Russia appears to deliver more turbines to Crimea – Reuters witnesses
FEODOSIA, Crimea (Reuters) – Two more gas turbines appear to have been delivered to Russian-controlled Crimea, according to two Reuters reporters who saw the equipment at the port of Feodosia, potentially deepening a row over sanctions compliance in wh…
Reckitt Benckiser denies Oxfam claims of avoiding millions in taxes
LONDON (Reuters) – British consumer goods giant Reckitt Benckiser Group said on Wednesday its tax structure and practices were in line with other global businesses, denying allegations of tax avoidance in developing countries, after charity group Oxf…
Wall Street Journal adds top jobs in digital push
(Reuters) – The Wall Street Journal said on Wednesday it was adding more than a dozen new senior positions in a newsroom revamp to deliver news faster, with more visuals, as readers increasingly rely on smartphones.
