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Top Federal Reserve official resigns as bank deregulation looms
By Jason Lange and Lisa Lambert WASHINGTON (Reuters) – The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis. Daniel Tarullo, a strong regulator who… Continued here: Top Federal Reserve official resigns as bank deregulation looms Read More →
Russia to decide in April-May if global oil deal should be extended: TASS
MOSCOW (Reuters) – Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non-OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday. Continued here: Russia to decide in April-May if global oil deal should be extended: TASS Read More →
Japan’s love of tiny cars sore spot as Trump, Abe meet
TOKYO/DETROIT (Reuters) – When Japanese Prime Minister Shinzo Abe meets on Friday with U.S. President Donald Trump, Japan’s bulging automotive trade surplus will be a sore spot, but the path to balancing auto exports and imports will be no easier than it was in the 1980s. Go here to see the original: Japan’s love of tiny cars sore spot as Trump, Abe meet Read More →
Controversial Dakota pipeline to go ahead after Army approval
By Valerie Volcovici and Ernest Scheyder WASHINGTON/HOUSTON (Reuters) – The U.S. Army will grant the final permit for the controversial Dakota Access oil pipeline after an order from President Donald Trump to expedite the project despite opposition from Native American tribes and climate activists. In a court filing on Tuesday, the Army said that it would allow the final section of the line... [Read more]
Canada’s Hudson’s Bay makes takeover approach for Macy’s: sources
While the Toronto-based company faces major financing and operating challenges in completing a deal to buy Macy's, which is trying to overhaul its operations, it could use its existing foothold in the U.S. to save on administrative Here is the original: Canada’s Hudson’s Bay makes takeover approach for Macy’s: sources Read More →
Oil prices steady after sharp rise in U.S. stockpiles
Oil prices steadied on Thursday after a sharp rise in U.S. crude and gasoline stockpiles, although evidence that OPEC and other big exporters were cutting production helped support sentiment. Brent crude was up 5 cents at $56.85 a Read the rest here: Oil prices steady after sharp rise in U.S. stockpiles Read More →
Exxon boosts capital budget but takes $2 billion charge from XTO deal
Exxon Mobil Corp boosted its 2017 capital budget on Tuesday on a bet that oil prices have stabilized, but posted its lowest quarterly profit since 1999 as it took a $2 billion charge against the value of natural gas reserves from its buyout of XTO Energy. The world's largest publicly traded oil producer wrote down the book value of part of its North American natural gas and crude reserves, some... [Read more]
Fed likely to keep rates steady as it awaits Trump economic plan
By Lindsay Dunsmuir WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies. Trump has promised a large infrastructure spending program, tax cuts, a rollback of regulations and a renegotiation of trade deals... [Read more]
Alphabet posts strong revenue growth, higher taxes hit earnings
Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company's progress in diversifying its business beyond advertising. While advertising still accounts for the lion's share … See more here: Alphabet posts strong revenue growth, higher taxes hit earnings Read More →
As regulators waver, Apple takes on Qualcomm in courts
By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc's new legal assault on Qualcomm in the United States and China reflects its conclusion that regulators are unlikely to put an end to what it considers the chip maker's unfair business practices, analysts said. Apple has long objected to Qualcomm's… Go here to see the original: As regulators waver, Apple takes on Qualcomm... [Read more]