Oil at 2016 high, U.S. crude above $40 on output freeze hopes
NEW YORK (Reuters) – Oil prices hit 2016 highs on Thursday, with U.S. crude surging 5 percent to pierce the $40 barrier, on optimism that major producers will strike an output freeze deal next month amid rising crude exports and gasoline demand in the …
Steve Cohen’s Point72 says it has perfect U.S. compliance
NEW YORK (Reuters) – Billionaire Steve Cohen’s investment firm, a family office that took over managing his fortune in 2014 after his hedge fund pleaded guilty to securities fraud, has a perfect regulatory compliance record, its president said on Thurs…
Cuba offers olive branch ahead of Obama visit but slams embargo
HAVANA (Reuters) – Cuba made a rare gesture of reciprocity to the United States on Thursday, three days before a historic visit by U.S. President Barack Obama, but the olive branch was wrapped in spiky rhetoric against decades-old economic sanctions.
Aeropostale to explore strategic alternatives, including sale
(Reuters) – Teen apparel retailer Aeropostale Inc said it was exploring strategic alternatives, including a sale, after posting its 13th straight quarterly loss.
Swiss watchmakers face another challenging year
BASEL, Switzerland (Reuters) – Swiss watchmakers are braced for another difficult year as economic woes in major markets curb consumers’ appetite for pricey timepieces, industry executives said on Thursday.
TransCanada to buy Columbia Pipeline Group for $10.2 billion
CALGARY, Alberta (Reuters) – TransCanada Corp , the company behind the controversial Keystone XL oil pipeline, said on Thursday it will buy Columbia Pipeline Group for $10.2 billion, creating one of North America’s largest regulated natural gas transmi…
Global commodities, stocks rally as dollar tumbles
NEW YORK (Reuters) – The U.S. dollar index dropped to a five-month low on Thursday while shares on Wall Street rallied to lead global equities higher as a dovish U.S. Federal Reserve emboldened investors to take on more risk.
Chesapeake Energy considering 1.5-lien debt exchange: CapitalStructure
NEW YORK (Reuters) – Chesapeake Energy Corp, an oil and gas company struggling in the commodities rout, is considering swapping out some of its existing debt for new 1.5 lien debt, according to CapitalStructure, a provider of news and analysis on the s…
New York Fed-FX swaps with foreign central banks total $76 million in latest week
NEW YORK (Reuters) – The Federal Reserve provided $76 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.
Prominent BlackRock strategist Koesterich moving to new role: memo
NEW YORK (Reuters) – Russ Koesterich, who was BlackRock Inc’s global chief investment strategist, has left that role and is joining the team responsible for the $47 billion BlackRock Global Allocation Fund , according to an internal memo.
