Global bonds and stocks lashed by policy rethink, talk of turning point
TOKYO/HONG KONG/LONDON (Reuters) – A sudden surge in government borrowing rates across the world has jarred global markets, reflecting mounting investor anxiety that central banks have run out of both tools and ideas to stimulate economies on their own…
OPEC points to larger 2017 oil surplus as rivals keep pumping
LONDON (Reuters) – OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude, pointing to a larger surplus in the market next year.
Deutsche CEO says no asset management sale as seeks to rally staff
FRANKFURT (Reuters) – Deutsche Bank has no plans to sell its asset management business, its chief executive said in a letter to employees in which he called for them to focus on solving the German lender’s problems.
Jobless recovery looms for white-collar U.S. oil workers
SPRING, Texas (Reuters) – Elizabeth Huber lost her job inspecting oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases.
Selloff gathers pace as stimulus pullback fears deepen
LONDON (Reuters) – European stocks and bonds fell in a volatile market on Monday, hit by growing concerns that global central banks’ commitment to the post-crisis orthodoxy of super-low interest rates and asset purchase programs may be waning.
India takes U.S. renewable energy dispute to the WTO
GENEVA (Reuters) – India has complained to the World Trade Organization about support given to the renewable energy industry in eight U.S. states, the WTO said in a statement on Monday.
Linde, Praxair end $60 billion merger talks
MUNICH/LONDON (Reuters) – German industrial gases group Linde and U.S. rival Praxair have ended talks to create a $60-billion-plus market leader, they said on Monday, after failing to agree where to locate key activities and who would run the busine…
Oil falls as U.S. drills more
LONDON (Reuters) – Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in three months last week and U.S. crude drillers added more rigs for a tenth week running.
Tesla’s Musk says new Autopilot likely would have prevented death
SAN FRANCISCO/WASHINGTON (Reuters) – Tesla Motors Co Chief Executive Elon Musk said on Sunday the automaker was updating its semi-autonomous driving system Autopilot with new limits on hands-off driving and other improvements that likely would have pre…
After buying SABMiller, AB InBev could see more deals
LONDON (Reuters) – Once Anheuser-Busch InBev seals its 79 billion pound ($104.8 billion) takeover of rival brewer SABMiller , it could find itself party to other smaller deals, involving Castel Group, Coca-Cola and Anadolu Efes .
