Exclusive: Venezuela’s oil imports slump on payment woes, economic meltdown
HOUSTON (Reuters) – Venezuela has not been able to import all the crude and fuel it needs this year to cover shortfalls at oilfields and refineries as state-run PDVSA struggles to pay suppliers on time, according to trade sources and internal company d…
No specific action on OPEC freeze discussed yet: Saudi energy minister
LOS ANGELES (Reuters) – Saudi Arabian Energy Minister Khalid Al-Falih does not believe it is necessary for any “significant intervention” in oil markets at this time, he told Reuters following a speech on Thursday.
Regulators to dig deeper into worries over money-laundering checks
LONDON (Reuters) – Global regulators will try to get more insight into why major banks are withdrawing from handling cross-border payments, making it harder for people to send money to relatives and loved-ones abroad.
U.S. SEC fines 13 advisers for false claims involving F-Squared
(Reuters) – The U.S. Securities and Exchange Commission fined 13 investment advisory firms on Thursday for spreading false claims made by the now-defunct F-Squared Investments Inc, which had been one of the largest marketers of investment products usin…
Dollar General takes the battle to Wal-Mart with price cuts
(Reuters) – Discount retailer Dollar General Corp said it was cutting prices on its most popular items such as bread, eggs and milk, intensifying a price war with retail giant Wal-Mart Stores Inc to win back market share.
Mylan offers discounts on EpiPen amid wave of criticism
(Reuters) – Mylan NV said on Thursday it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount program, a day after Democratic Presidential candidate Hillary Clinton joined lawmakers in criticizing the drug’s hig…
Whirlpool to recall 15,200 microwaves due to fire hazard issue: CPSC
(Reuters) – Whirlpool Corp , the world’s largest maker of home appliances, is recalling 15,200 Whirlpool brand microwaves due to a fire hazard, the U.S. Consumer Product Safety Commission said on Thursday.
Japan’s ANA finds problem with Boeing 787 Rolls-Royce engines, cancels some flights
TOKYO/LONDON (Reuters) – Japanese carrier ANA Holdings needs to replace damaged compressor blades in the Rolls-Royce engines powering its Boeing 787s, it said on Thursday, forcing it to cancel some Dreamliner flights over the coming weeks.
Uber lost at least $1.27 billion in first half of 2016: Bloomberg
(Reuters) – Ride-hailing giant Uber Technologies Inc [UBER.UL] lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter.
Upbeat U.S. factory data suggests business spending stabilizing
WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to …
