U.S. opening of oil export tap widens battle for global market
WASHINGTON/NEW YORK (Reuters) – The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of th…
Special Report: The mainland’s colonization of the Hong Kong economy
HONG KONG (Reuters) – When Xi Jinping wanted to deliver a political message to Hong Kong as protesters demanding free elections were threatening to take to the streets, he summoned the tycoons who dominate the city’s economy. The words from the Chinese leader at the September 22 meeting in Beijing were uncompromising but not surprising. He would not entertain any demand for full universal suffrage in Hong Kong, according to two people who attended.
Six Chinese automakers recall over 300,000 cars: watchdog
SHANGHAI (Reuters) – Six Chinese carmakers will recall more than 300,000 vehicles due to a fuel pump defect that could cause oil leaks, China’s quality watchdog said on Wednesday.
Exclusive: Mexico’s light crude, shunned for U.S. shale, sails east
NEW YORK (Reuters) – Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas.
Public scorn greets LG and Samsung’s storm in a washing drum
SEOUL (Reuters) – South Korea’s two top technology firms, Samsung Electronics and LG Electronics, have a history of bitter rivalry, but their latest spat over a handful of washing machines has prompted a barrage of public mockery.
Fed should heed market view of deflation risk: Minneapolis Fed chief
(Reuters) – The chance of U.S. inflation falling below 1 percent in 2015 is at a five-year high, and the risk of deflation is growing more likely, an analysis of market data released by the Minneapolis Federal Reserve Bank showed. 
Wall St. pulls back from record; utilities slump
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major indexes from record levels, while the trend of modest moves and low volume continued heading into the final trading day of the year.
U.S. opens door to oil exports after year of pressure
WASHINGTON (Reuters) – The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets.
U.S. opens door to oil exports after year of pressure
WASHINGTON (Reuters) – The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets.
Wall St. pulls back from record; utilities slump
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major indexes from record levels, while the trend of modest moves and low volume continued heading into the final trading day of the year.
