Exclusive: Arab OPEC sources see oil back above $70 by end-2015
ABU DHABI (Reuters) – Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilize in the medium term.
Airbus CEO says A350 program to be profitable by 2019
PARIS (Reuters) – European planemaker Airbus expects its A350 mid-sized jetliner program to be profitable from 2019 before becoming a prime source of profits, Chief Executive Fabrice Bregier said on Tuesday.
Oil prices slide after early gains on hopes of firm U.S. data
SINGAPORE (Reuters) – Oil prices slid back close to opening levels around $60.20 per barrel on Tuesday, after gaining earlier in the day on expectation of firm U.S. economic data due later on Tuesday.
Exclusive – U.S. airlines confront cheap oil’s flip side: costly hedges
NEW YORK (Reuters) – Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the h…
Asia heartened by Wall Street high, dollar in demand
SYDNEY (Reuters) – Asian markets should be well underpinned on Tuesday after Wall Street closed at historic highs while oil prices suffered a vicious setback after Saudi Arabia quashed all thought of cutting supply.
Dow, S&P end at records in fourth straight day of gains for Wall Street
NEW YORK (Reuters) – U.S. stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names.
Alstom to pay record $772 million to settle bribery charges with U.S.
WASHINGTON (Reuters) – The French firm Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department alleging the company bribed government officials to win business around the world.
U.S. existing home sales hit six-month low, inventories low
WASHINGTON (Reuters) – U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery.
BMW expands Takata air bag recall to nationwide U.S.
DETROIT (Reuters) – BMW on Monday said it has expanded a U.S. regional recall for certain vehicles with driver-side air bag inflators made by Takata Corp to cover the entire country, following the lead of four rivals that have taken similar steps.
Dow, S&P end at records in fourth straight day of gains for Wall Street
NEW YORK (Reuters) – U.S. stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names.
