Brent crude set for biggest monthly gain in seven years despite glut
LONDON (Reuters) – Brent crude was heading for its biggest monthly rise in seven years on Friday, touching fresh 2016 highs as a weak dollar and falling U.S. production tempered concerns about a lingering excess of physical oil.
AB InBev to sell more SAB assets as seeks EU deal approval
BRUSSELS (Reuters) – Brewing giant Anheuser-Busch InBev plans to sell the eastern European assets of SABMiller , which could fetch almost $8 billion, as it seeks European regulatory approval for its $100 billion-plus takeover of its closest rival.
Yen’s best week since 2008 crisis hits stocks and dollar
LONDON (Reuters) – The yen hit an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, culminating in a sharp rise on the week that dragged stocks around the world lower.
Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again
TOKYO (Reuters) – Mitsubishi Motors’ (MMC) market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages.
Analysts grow more bullish on oil, OPEC poses no threat to rebalancing
(Reuters) – Analysts are growing increasingly confident that a near-two-year rout in oil has ended, and raised their price forecasts for a second month running, as healthier demand and a drop in U.S. shale output balance the market by 2017.
Euro zone economy above pre-crisis peak as growth surges past U.S., Britain
BRUSSELS/BERLIN (Reuters) – Overcoming years of poor health and crisis, the euro zone economy grew at its fastest pace in five years in the first quarter, driven by unlikely stars such as France and Spain.
Chinese cities dive back into debt to fuel growth even as defaults rise
SHANGHAI (Reuters) – With a nod from Beijing, China’s local governments have embarked on a massive new round of off-balance sheet debt financing, underpinning a fragile pick up in the economy but raising red flags on financial stability.
Comcast buy of ‘Kung Fu Panda’ producer aids Asia strategy
(Reuters) – Comcast Corp’s planned purchase of DreamWorks Animation would increase the media giant’s foothold in Asia, particularly China, as it competes in an increasingly global battle for entertainment dollars.
Exclusive: China securities regulator orders major commodities exchanges to control futures speculation – sources
HONG KONG (Reuters) – China’s securities regulator ordered the country’s major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle.
China’s Baosteel Group says U.S. Steel accusations groundless
SHANGHAI (Reuters) – China’s Baosteel Group said on Friday that three accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and not based on facts.
