News Wire

BOJ's Kuroda urges restraint on tariffs, says stable FX desirable

16h50 Bank of Japan Governor Haruhiko Kuroda issued a plea on Saturday for leaders of major economies to step back from a tariff war, and said stable currency markets were to everyone's benefit.. . .  Full story

Britain's IWG gives three suitors more time to make takeover offers

16h00 London-listed serviced office provider IWG has given three of its four suitors more time to make firm offers or walk away from bids for the company, the firm said on Saturday.. . .  Full story

Aramco's potential SABIC deal to affect IPO timing, CEO says in interview

12h40 Saudi Aramco's <IPO-ARMO.SE> potential acquisition of a stake in petrochemicals maker SABIC would affect the timeframe of its own planned initial public offering, the firm's chief executive, Amin Nasser, said in a TV interview.. . .  Full story

Chinese steel output cuts to vary from mill to mill next winter -official

08h29 Production cuts in China's mammoth steel sector will vary from mill to mill next autumn and winter, said an environmental ministry official, as the country shifts away from a 'one size fits all' approach. . .  Full story

Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans

03h30 Big companies in the United States from Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.. . .  Full story

U.S. Treasury's Mnuchin watching Chinese yuan weakness for manipulation

02h43 The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday.. . .  Full story

U.S. open to lifting sanctions off aluminum giant Rusal -Mnuchin

01h48 The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said on Friday, adding the objective was "not to put Rusal out of business.". . .  Full story

U.S. lawmakers cut anti-ZTE measure from defense bill

01h14 U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.. . .  Full story

U.S. oil industry lobbies against tighter sanctions on Russia

00h02 The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday.. . .  Full story

Wheat tops one-month high on technical buying, export hopes

20/07 U.S. wheat futures sailed to their highest prices in more than a month on Friday on technical buying and expectations for increased U.S. exports as poor crop weather hurts harvests in other countries.. . .  Full story

Woodside exits Sempra Port Arthur LNG export project in Texas

20/07 Woodside Petroleum Ltd, Australia's biggest independent oil and natural gas company, has decided to pull out of Sempra Energy's Port Arthur liquefied natural gas (LNG) export project in Texas, Sempra said on Friday.. . .  Full story

Baltimore lawsuit blames oil and gas companies for climate change

20/07 The city of Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp , for knowingly contributing to what the city. . .  Full story

S&P raises outlook on Greece, affirms rating

20/07 S&P Global Ratings said on Friday it raised its outlook on Greece to positive from stable while affirming its B-plus/B ratings.. . .  Full story

Wall St slips as trade worries dampen upbeat earnings

20/07 U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft.. . .  Full story

U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs

20/07 The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises.. . .  Full story

Brazil's real soars after Trump comments boost LatAm currencies

20/07 Latin American currencies, particularly Brazil's real, strengthened on Friday after President Donald Trump lamented the strong U.S. dollar, spurring investors worldwide to lock in profits on the greenback. In a CNBC. . .  Full story

U.S. court rejects Allergan bid to shield patents through tribe deal

20/07 A U.S. appeals court on Friday rejected a novel strategy adopted by drug company Allergan PLC to shield patents from review by an administrative court by transferring them to a Native American tribe.. . .  Full story

C$ rises vs soft U.S. dollar on robust Canadian data

20/07 The Canadian dollar rose against a broadly weak U.S. dollar on Friday after strong inflation and retail sales data reinforced expectations for another interest rate hike by the Bank of Canada this year.. . .  Full story

Aramco's potential SABIC deal to impact IPO timing - CEO on Arabiya TV

20/07 Saudi Aramco's <IPO-ARMO.SE> potential acquisition of a stake in Saudi petrochemicals maker SABIC would affect the time frame of its own planned initial public offering, Aramco's chief executive Amin Nasser said in a television interview. . .  Full story

Oil strengthens as dollar slips to four-day low

20/07 Oil prices rose on Friday as a weakening dollar and lower expected August crude exports from Saudi Arabia supported the market, offsetting concerns about U.S.-China trade tensions and supply increases.. . .  Full story

Over sorghum salad, U.S. farmers and Chinese buyers chew on trade

20/07 Chinese importers of the livestock feed sorghum feasted on tabbouleh salad and chipotle tortillas made with the U.S. grain at a Texas barbecue this week, as farmers try to woo buyers in the middle. . .  Full story

Trump's Fed worries steepen yield curve to three-week high

20/07 The U.S. yield curve reached its steepest level in more than three weeks on Friday afternoon as President Donald Trump criticized the speed of the Federal Reserve's pace of interest rate hikes.. . .  Full story

GlaxoSmithKline considers splitting up the group - FT

20/07 GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company's board to spin off its consumer division, the Financial Times reported on Friday.. . .  Full story

Dollar drops further on Trump's comments on currency, rate hike

20/07 The dollar fell across the board on Friday, as the latest comments by U.S. President Donald Trump complaining about the strength of the greenback and the rise in U.S. interest rates squashed a rally. . .  Full story

Oilfield service giants miss earnings forecasts despite soaring U.S. production

20/07 Oilfield service giants Schlumberger and General Electric Co's Baker Hughes missed second quarter revenue forecasts on Friday as slow international growth offset record production in the United States that boosted domestic demand for their services.. . .  Full story

Wall St Week Ahead-Wall St braces for tariff fallout as S&P 500 companies report

20/07 Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week.. . .  Full story

U.S. crude oil floods into Italy as Libyan supplies falter

20/07 Italy's imports of U.S. crude oil vaulted to a record in June after attacks by armed groups shuttered two major Libyan oil ports and cut off most deliveries from the OPEC country, a key. . .  Full story

Trump and the U.S. dollar: Actions speak louder than words

20/07 U.S. President Donald Trump may not be happy about the strength of the U.S. dollar, but the greenback's recent rally may partly be a product of his own making.. . .  Full story

Brexit-backer Arron Banks denies fresh allegation of Russia links

20/07 British businessman Arron Banks has denied an allegation made by a former business partner that he approached Russians about investing in his diamond mines, and that the money raised went instead to his campaign. . .  Full story

Gold snaps losing run after Trump slams strong dollar

20/07 Gold prices rose on Friday from one-year lows hit the previous day and spot platinum increased more than 3 percent after U.S. President Donald Trump criticized the strength of the dollar and interest rate increases. . .  Full story

U.S. lawmakers cut anti-ZTE measure from must-pass defense bill

20/07 U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China's ZTE Corp ,. . .  Full story

Swiss, German drugmakers join U.S. price freeze

20/07 European drugmakers Roche , Bayer and Merck KGaA became the latest companies to freeze prices in the United States for the rest of 2018 following criticism by President Donald Trump over the cost of medicine.. . .  Full story

U.S. drillers cut rigs by most since March this week - Baker Hughes

20/07 U.S. energy companies this week cut oil rigs by the most in a week since March as the rate of growth has slowed over the past month or so with recent declines in. . .  Full story

Honeywell eyes supplier shift to avoid tariff hit

20/07 U.S. industrial conglomerate Honeywell International Inc said on Friday it had started sourcing some of its components from countries other than China to counter growing costs related to a tariff war between the world's two. . .  Full story

Prices slide as demand retreats in Japan, China, South Korea

20/07 Asian spot liquefied natural gas (LNG) prices softened for another week as the focus of purchasing activity switched to September, encountering weak demand, new supply and a falling yuan potentially sapping Chinese demand.. . .  Full story