U.S. oil producers thirsty for cash eye wastewater unit spin-offs
WILLISTON, N.D. (Reuters) – Some U.S. oil producers are trying to sell parts of their lucrative saltwater disposal businesses in a sign that cheap crude is already forcing cash-starved companies to sell assets so oil can keep flowing.
Kroger profit beats estimates on lower costs, raises forecast
(Reuters) – Kroger Co , the biggest U.S. supermarket operator, reported a better-than-expected quarterly profit, helped by lower operating expenses and higher fuel margins.
China central bank seen ready to intervene again if offshore pushes yuan too far
HONG KONG (Reuters) – A spike higher in the offshore yuan following suspected rare intervention by Chinese state banks is expected to be short-lived, especially with a looming U.S. interest rate rise likely to add to the attraction of owning dollars.
Asian shares get lift from Wall Street, dollar steadies
TOKYO (Reuters) – Asian shares edged higher on Friday following gains on Wall Street while the dollar steadied, but gains were capped by uncertainty over whether the Federal Reserve will raise interest rates next week.
Fed to dominate week of central bank meetings
FRANKFURT (Reuters) – The U.S. Federal Reserve takes center stage in the coming week, eclipsing industry data from China, another grim inflation reading from the euro zone and rate decisions in Japan and Switzerland.
‘From big to strong’: China sees competitive edge in green cars
BEIJING (Reuters) – China’s auto sales could be heading for a rare fall this year, but one bright spot is in so-called green cars, where sales have almost quadrupled so far in 2015.
Equity funds shed $46 billion in four-week run of outflows: BAML
LONDON (Reuters) – Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday.
ECB’s Coeure: euro zone growth too weak to create enough jobs
FRANKFURT (Reuters) – Economic growth in the euro zone is still too weak to create a sufficient number of jobs, European Central Bank Executive Board member Benoit Coeure told a French newspaper group EBRA on Friday.
Japan business mood rebounds, PM Abe to pressure firms to raise capex
TOKYO (Reuters) – Japanese business sentiment turned positive in July-September and companies stuck to upbeat spending plans, a government survey showed, offering some relief for policymakers worried about a hit from slowing Chinese growth and ensuing …
Toyota suspends output at three Japan plants due to heavy rains
TOKYO (Reuters) – Toyota Motor Corp said it had canceled the day shift at three factories in northeastern Japan due to heavy rains that earlier on Friday burst the banks of a river in the city of Osaki, in Miyagi prefecture.
