U.S. should respect global financial rules, EU’s Dombrovskis says
BRUSSELS (Reuters) – The United States should respect globally-agreed financial rules, the European Union commissioner for financial services said on Wednesday, amid concerns that the U.S. president-elect may change regulations aimed at reducing bank r…
Etihad Airways sets spread for $1.25 billion-$1.5 billion sukuk sale – leads
DUBAI (Reuters) – Etihad Airways has set the final spread for its five-year sukuk bond sale at 210 basis points over midswaps, according to a document released by the banks leading the transaction and seen by Reuters.
Oil spice: With $3 billion port, Malacca eyes slice of shipping giant Singapore’s pie
KUALA LUMPUR (Reuters) – Once at the heart of the global spice trade, Malacca is pumping nearly $3 billion into an ambitious plan to put itself in demand in a different hot commodity – oil.
‘Chapter 22’ looms over some U.S. oil and gas bankruptcy survivors
(Reuters) – At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the worl…
OPEC to debate oil output cut next week but Iraq, Iran hesitate
VIENNA/DUBAI (Reuters) – OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week but the deal’s success hinges on an agreement from Iraq and Iran, which are far from certain to give full backing.
In wake of Wells Fargo, U.S. regulator mulls tougher bank sanctions
WASHINGTON (Reuters) – A U.S. banking regulator is considering whether to harden sanctions against lenders that abuse their clients or violate banking laws, according to a draft plan, seen by Reuters, that was drawn up in the wake of a scandal at Wells…
Dollar clings near 13-1/2-year high, pauses after rally
SINGAPORE (Reuters) – The dollar hovered near a recent 13 1/2-year peak on Wednesday, taking a breather after surging on expectations that U.S. interest rates will rise further than earlier anticipated due to prospects of increased fiscal stimulus unde…
Wall Street lawyers say retiree investment rule violates free speech
NEW YORK (Reuters) – A group of lawyers representing insurance and securities brokerages have made a curious argument for why a federal court should kill a rule aimed at protecting retirement savers: It restricts Wall Street’s First Amendment rights.
GameStop’s holiday same-store sales forecast disappoints
(Reuters) – GameStop Corp forecast a bigger-than-expected drop in same-store sales for the crucial holiday quarter, and the company said it expected revenue from its business of selling videogames to largely decline during the period.
U.S. existing home sales race to more than 9-1/2-year high
WASHINGTON (Reuters) – U.S. home resales rose in October to their highest level in more than 9-1/2 years as homebuyers, buoyed by an improving labor market, took advantage of still-low mortgage rates to snatch up properties after many were shut out dur…
