Exclusive: After Motiva split, Saudi Aramco aims to buy more U.S. refineries – sources
HOUSTON (Reuters) – Saudi Arabia’s national oil company wants to buy more U.S. refining and chemical plants to expand its footprint in the world’s largest energy market once the break-up of its joint venture with Royal Dutch Shell Plc is complete, sour…
S&P 500 turns positive for 2016 as recession fears fade
NEW YORK (Reuters) – The S&P 500 closed positive for the year on Friday for the first time in 2016 as the U.S. Federal Reserve’s dovish tone and a strengthening economic outlook compelled investors to take on more risk.
Struggling U.S. oil and gas companies eye rare financing deals
NEW YORK (Reuters) – Some cash-strapped U.S. oil and gas companies are considering creating an unusual layer of debt as a way of surviving the rout in oil and gas prices, according to restructuring advisors.
Saudi Arabia leaves shale-favoring plants to Shell in Motiva split
NEW YORK (Reuters) – Royal Dutch Shell Plc plans to maintain control of two refineries that can run more domestic crude, leaving a plant that runs massive volumes of Saudi Arabian oil to Saudi Aramco as the companies end their Motiva Enterprises joint …
UK sugary drink tax could be sweet for food ingredient suppliers
LONDON (Reuters) – The British government’s planned levy on sugary soft drinks means more business for suppliers of specialty ingredients that boost sweetness without adding calories and can mask aftertastes or add texture.
Bullard says Fed’s goals largely met, rates should edge up
WASHINGTON (Reuters) – The U.S. central bank’s inflation and employment goals have essentially been met and it would be “prudent” to edge interest rates higher, St. Louis Fed President James Bullard said on Friday.
BlackRock income fund manager slices preferred stocks on volatility fear
NEW YORK (Reuters) – A top BlackRock Inc fund manager said his team cut its exposure to preferred stocks to a “historical” low of 5 percent on fears that market volatility could spill into the asset class.
GameStop attracts large investors as shorts back off
SAN FRANCISCO (Reuters) – GameStop, one of the most shorted U.S. stocks, has started to attract institutional buyers and dissuade some traders betting against it as it fights off a consumer shift toward downloading video games and its depressed share p…
Uber seeking to buy self-driving cars: source
FRANKFURT (Reuters) – Ride-hailing service Uber [UBER.UL] has sounded out car companies about placing a large order for self-driving cars, an auto industry source said on Friday.
FBI probes Bangladesh bank account cyber theft: WSJ
(Reuters) – The Federal Bureau of Investigation (FBI) is probing the cyber theft of tens of millions of dollars from the Bangladesh central bank’s U.S. account, the Wall Street Journal reported on Friday, citing people familiar with the matter.
