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OPEC sights set for now on $50-60 per barrel oil: PIRA’s Ross

OPEC producers have their sights set on a sustained oil price of $50-$60 per barrel, a modest ambition for the first cut in supply by the oil exporting group in eight years, says one of the industry's top forecasters. Benchmark U.S. oil prices have risen around $4, or around nine percent, to over $48 per barrel since the Organization of the Petroleum Exporting Countries (OPEC) agreed last week to …

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OPEC sights set for now on $50-60 per barrel oil: PIRA’s Ross

U.S. retail group expects pickup in holiday sales growth

U.S. holiday sales will increase by 3.6 percent in 2016, more sharply than last year, as a stronger job market and robust household spending have improved consumer sentiment, according to an outlook from the leading retail industry group. The National Retail Federation forecast sales for the last two months of the year at $655.8 billion, excluding for autos, gasoline and dining out. The NRF's forecast is one …

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U.S. retail group expects pickup in holiday sales growth

Global stock markets set for modest gains in 2017: Reuters polls

Global equities are forecast to rise modestly in 2017, held back by concerns about the pace of U.S. Federal Reserve interest rate hikes and the waning effect of widespread monetary stimulus that has helped drive shares to lofty heights, Reuters polls show.

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Global stock markets set for modest gains in 2017: Reuters polls

Fed’s Lacker says he would have dissented at September meeting

Richmond Federal Reserve President Jeffrey Lacker said he would have voted in favor of an interest rate hike at the Fed's September policy meeting had he been able to vote, reflecting the growing pressure on Fed Chair Janet Yellen to raise rates. The U.S. central bank left interest rates steady at its Sept 20-21 meeting but three of its 10 voting policymakers dissented because they wanted a quarter percentage point increase. Lacker, one of …

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Fed’s Lacker says he would have dissented at September meeting

Delta posts smaller-than-expected fall in passenger unit revenue

Delta's shares were up 3.5 percent at $40.38 in early trading on Tuesday. The company, the second-largest U.S. airline by passenger traffic, reported a 3 percent decline in consolidated passenger unit revenue. Delta said the fall in September was due to a supply-demand imbalance on transatlantic routes and headwinds from prior-year yen hedge gains.

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Delta posts smaller-than-expected fall in passenger unit revenue

Oil prices fall on high production despite planned OPEC output cut

Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years. Brent crude futures were trading down 25 cents, or 0.5 percent, at $49.94 per barrel at 0205 GMT. U.S. West Texas Intermediate (WTI) futures were down 26 cents, or 0.5 percent, at $47.98 a barrel.

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Oil prices fall on high production despite planned OPEC output cut

Senior Italian bankers to meet Monday over sale of four banks: sources

Italy's economy minister has called a meeting with some of the country's top bankers on Monday to discuss stalled efforts to sell four small banks that were rescued from bankruptcy last year, sources said. Bank of Italy Governor Ignazio Visco was expected to join the gathering, which comes just days after sources said the European Union had agreed to extend…

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Senior Italian bankers to meet Monday over sale of four banks: sources

Bass Pro consortium in the lead to acquire Cabela’s: sources

A consortium of Bass Pro Shops, Goldman Sachs Group Inc's private equity arm and Capital One Financial Corp is in the lead to acquire U.S. outdoor gear retailer Cabela's Inc , according to people familiar with the matter. It would come close to a year after Cabela's said it would explore strategic alternatives, including a potential sale, after coming under pressure from activist fund Elliott Management Corp. The exact price the Bass Pros consortium

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Bass Pro consortium in the lead to acquire Cabela’s: sources

Clinton expected to hit Wells Fargo in speech on ‘bad corporate actors’

By Amanda Becker WHITE PLAINS, N.Y. (Reuters) – U.S. presidential candidate Hillary Clinton on Monday will unveil a plan to make it easier for consumers to take legal action against “bad corporate actors,” citing Wells Fargo & Co and Mylan Pharmaceuticals, according to a campaign official. While campaigning in Ohio, the Democratic nominee will explain how she would…

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Clinton expected to hit Wells Fargo in speech on ‘bad corporate actors’

Deutsche Bank races against time to reach U.S. settlement

By Georgina Prodhan, Kathrin Jones and Lawrence Delevingne FRANKFURT (Reuters) – Deutsche Bank is throwing its energies into reaching a settlement before next month's presidential election with U.S. authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed securities. The threat of such a large fine has pushed Deutsche shares to record…

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Deutsche Bank races against time to reach U.S. settlement

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