Oil prices edge up ahead of OPEC meeting to discuss output cuts
LONDON (Reuters) – Oil prices were slightly higher on Thursday ahead of next week’s meeting of the Organization of the Petroleum Exporting Countries (OPEC) to discuss implementation of its proposed cap on production.
Lufthansa scraps 830 short-haul flights on Friday due to strike
BERLIN (Reuters) – Lufthansa said it was cancelling 830 short- and medium-haul flights on Friday, just over a quarter of its schedule, due to a strike by pilots, it said on Thursday.
Fiat Chrysler to add up to 2,000 jobs at Alfa Romeo plant: Renzi
CASSINO, Italy (Reuters) – Fiat Chrysler Automobiles (FCA) will add as many as 2,000 new jobs at its Alfa Romeo Cassino plant in Italy by 2018, Prime Minister Matteo Renzi said on Thursday.
China to probe illegal expansion in coal, steel sectors
BEIJING (Reuters) – China will send inspection teams to investigate and severely punish illegal expansion by coal and steel firms as part of its efforts to slim down the two industries, the country’s cabinet said on Thursday.
Lockheed Martin receives interim payment for next F-35 jet contract
WASHINGTON (Reuters) – Lockheed Martin Corp subsidiary Lockheed Martin Aeronautics Co has received an interim payment of $1.28 billion for its 10th contract for F-35 fighter jets, the Pentagon said.
Oil companies shoulder pain of downturn with lower output
LONDON (Reuters) – The world’s listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry’s worst downturns as OPEC battles to agree on its first production cut since 2008.
Dollar firms after upbeat U.S. data raises rate hike expectations
TOKYO (Reuters) – The dollar firmed in Asian trading on Thursday after data suggesting a pickup in U.S. economic growth early in the fourth quarter increased chances of the Federal Reserve raising interest rates.
Dow, S&P 500 set record high closes ahead of holiday
NEW YORK (Reuters) – The Dow and the S&P 500 eked out record high closes on Wednesday ahead of the Thanksgiving holiday, helped by gains in industrial stocks, though losses in technology shares limited the advance and weighed on the Nasdaq.
British car demand stalls after Brexit, denting October output
LONDON (Reuters) – Britain made fewer cars last month for the first time in more than a year, driven by slower domestic demand and prompting the industry’s lobby group to renew its call for the government to maintain free trade as Britain leaves the Eu…
Japan’s Asakawa says Trump presidency won’t change Japan forex policy: Nikkei
TOKYO (Reuters) – Japan’s top currency diplomat Masatsugu Asakawa said there will be no change to Japan’s currency policy after U.S. President-elect Donald Trump forms his administration, the Nikkei newspaper reported on Thursday.
