Exclusive: Cost of pump-at-will oil policy spurred Saudi OPEC U-turn
DUBAI/LONDON (Reuters) – Saudi Arabia has long said it could produce as much as 12 million barrels per day (bpd) of oil if needed, but that pump-at-will claim – which would require huge capital spending to access spare capacity – has never been tested….
Australia’s Crown Resorts leaves Las Vegas, sells down Macau
SYDNEY (Reuters) – Australia’s No. 1 casino company Crown Resorts Ltd is planning a near-total exit from the world’s two biggest gaming hubs, Las Vegas and Macau, as a gambling crackdown in China hits profits and throws its expansion plans into disarr…
Yahoo says one billion accounts exposed in newly discovered security breach
(Reuters) – Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history.
New Renault models lead European car sales higher
PARIS (Reuters) – European car sales rose 5.6 percent in November, according to industry data published on Thursday, with France’s Renault leading the gains among major carmakers.
Japan, Hitachi to stump up $8.5 billion for Horizon nuclear project in Wales: source
TOKYO (Reuters) – The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen ($8.5 billion) for a UK nuclear power plant project, a government official involved in the project said on Thursday.
Lotte duty-free ambitions hinge on South Korea store license
SEOUL (Reuters) – Five bidders covet three lucrative downtown duty free licenses to be issued by South Korea on Saturday, and arguably none is more desperate for a win than Lotte Duty Free.
Trump meets Silicon Valley elite after mutual mistrust in campaign
NEW YORK/WASHINGTON (Reuters) – President-elect Donald Trump and some of Silicon Valley’s most powerful executives met at his Manhattan tower on Wednesday, a summit convened to smooth over frictions after both sides made no secret of their disdain for …
Wall Street to Fed: Not so fast; dealers see only two hikes in 2017 – Reuters Poll
NEW YORK (Reuters) – Wall Street’s top banks were not immediately swayed Wednesday by signals from the Federal Reserve that the pace of interest rate hikes could pick up significantly next year, sticking instead to a view that the U.S. central bank wil…
U.S. gives final approval to Delta-Aeromexico venture
WASHINGTON (Reuters) – The U.S. Transportation Department said on Wednesday it had granted final approval to an alliance agreement submitted by Delta Air Lines Inc and Aeromexico .
GE sticks to $2 EPS target for 2018, sells more assets
(Reuters) – General Electric Co on Wednesday renewed its forecast for strong earnings growth over the next two years despite weak energy markets, and said it expects to further build its 3-D printing and services businesses while selling other franchi…
