Oil slides as non-OPEC nations demure on output limit plan
LONDON (Reuters) – Oil prices slid on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they want the oil producing group to solve its differences first.
Investors buy yen, shun risk in Asia as Clinton losing edge in U.S. polls
SINGAPORE (Reuters) – Investors in Asia bought the Japanese yen, sold South Korean stocks and stayed away from volatile assets on Monday, reacting to opinion polls showing Democratic candidate Hillary Clinton’s lead over her Republican rival Donald Tru…
Got bank? Election could create flood of marijuana cash with no place to go
October 31 (Reuters) – Although the sale of marijuana is a federal crime, the number of U.S. banks working with pot businesses, now sanctioned in many states, is growing, up 45 percent in the last year alone.
In big week for air expos, defense jets outlook rosy as civil aviation fragile
ZHUHAI, China (Reuters) – From Zhuhai in southern China to Florida, hawkers of civil and military aircraft – and the money to finance them – will try to drum up new business at aerospace expos this week, conscious their high-risk industry is approachin…
New York’s bitcoin hub dreams fade with licensing backlog
NEW YORK (Reuters) – New York’s financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency’s chief left, putti…
GE nears about $30 billion deal with Baker Hughes: WSJ
(Reuters) – General Electric Co is nearing an about $30 billion deal to merge its oil and gas business with Baker Hughes Inc , the Wall Street Journal reported on Sunday.
Union rejects Lufthansa’s Eurowings arbitration offer
FRANKFURT (Reuters) – Cabin crew trade union UFO has rejected an offer to mediate a dispute over pay and conditions with Lufthansa’s budget flights unit Eurowings, Lufthansa said on Sunday, raising the probability of strike action.
Bombardier books four Challenger 650 orders from Zetta Jet
ORLANDO, Fla. (Reuters) – Canadian plane and train maker Bombardier Inc said on Sunday it had booked an order for four of its Challenger 650 business jets from Zetta Jet, a charter operator based in Singapore, valued at $129 million at list prices.
Hilton’s value could rise by 25 percent on breakup: Barron’s
NEW YORK (Reuters) – Shares of Hotel operator Hilton Worldwide Holdings Inc could increase by at least 25 percent on its planned split into three companies, Barron’s reported on Sunday.
Non-OPEC yet to pledge concrete oil output steps after meeting OPEC
VIENNA (Reuters) – Non-OPEC producers made no specific commitment on Saturday to join the Organisation of the Petroleum Exporting Countries in limiting oil output levels to prop up prices – a stance that suggested they wanted OPEC to solve its differen…
