• Reuters7 minutes ago

    Exclusive: Mexico's Pemex chose Japan's Mitsui to complete Tula coking plant - sources

    Mexican state oil company Pemex has chosen Japanese conglomerate Mitsui as its partner for a $2.6 billion coking plant project at its Tula refinery in a preliminary deal, two sources told Reuters this week. Pemex chose Mitsui at a December meeting, two months later than planned, the sources said.

  • Reuters7 minutes ago

    Exclusive: Mexico's Pemex chose Japan's Mitsui to complete Tula coking plant - sources

    Mexican state oil company Pemex has chosen Japanese conglomerate Mitsui as its partner for a $2.6 billion coking plant project at its Tula refinery in a preliminary deal, two sources told Reuters this week. Pemex chose Mitsui at a December meeting, two months later than planned, the sources said.

  • Global markets: Stocks retreat from early gains as oil, copper lag
    Reuters13 minutes ago

    Global markets: Stocks retreat from early gains as oil, copper lag

    World stock markets slipped on Tuesday, giving back early gains as Wall Street pulled back from initial highs after a decline in oil and metals dragged energy and materials stocks lower. Wall Street had opened higher, as the Dow breached the 26,000 mark for the first time. The healthcare sector, up

  • Reuters14 minutes ago

    U.S. companies list blockchain ETFs as bitcoin proposals languish

    Investors looking to profit from excitement surrounding bitcoin technology will get a new opportunity this week. Funds coming to market on Wednesday will purchase shares of companies, such as Hitachi Ltd , Accenture plc (ACN.N) and Overstock.com Inc (OSTK.O), that may benefit from the digital asset&

  • U.S. companies list blockchain ETFs as bitcoin proposals languish
    Reuters14 minutes ago

    U.S. companies list blockchain ETFs as bitcoin proposals languish

    Investors looking to profit from excitement surrounding bitcoin technology will get a new opportunity this week. Funds coming to market on Wednesday will purchase shares of companies, such as Hitachi Ltd , Accenture plc and Overstock.com Inc , that may benefit from the digital asset's underlying

  • Wall Street indexes fall with oil prices, General Electric
    Reuters21 minutes ago

    Wall Street indexes fall with oil prices, General Electric

    NEW YORK (Reuters) - Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.

  • Reuters30 minutes ago

    France temporarily opens up radio waves to test 5G benefits

    French telecoms regulator Arcep said it is opening up some radio frequencies to get a better understanding of the benefits and usage of the next generation of mobile internet, known as 5G. Telecoms operators Orange , SFR Group , Bouygues Telecom and Iliad bought pricey permits to become the first

  • Reuters31 minutes ago

    Newcastle owners say takeover talks with Staveley 'waste of time'

    Ashley put the Premier League club up for sale in October and PCP, the investment firm run by British businesswoman Staveley, made a bid of 250 million pounds ($344.83 million). "Attempts to reach a deal with Amanda Staveley and PCP have proved exhausting, frustrating and a complete waste of time

  • Reuters33 minutes ago

    Stock 'fear index' snaps out of extended snooze, jumps to six-week high

    A widely followed gauge of expected near-term stock price gyrations perked up on Tuesday to a six-week high as traders took to the equity options market to pick up some protective contracts. The Cboe Volatility Index , better known as the VIX, was up 1.35 point at 11.51. While the VIX, often referred

  • Reuters36 minutes ago

    California-Trump administration fuel-efficiency talks intensify

    California and the Trump administration will hold a series of new talks over fuel efficiency rules as the auto industry still hopes for a deal to retain nationwide requirements. Officials from the California Air Resources Board are set to meet in Washington this month for another round of discussions

  • Austria's Kurz sceptical on euro zone budget ahead of Merkel meeting
    Reuters43 minutes ago

    Austria's Kurz sceptical on euro zone budget ahead of Merkel meeting

    Austrian Chancellor Sebastian Kurz told a German newspaper ahead of talks with German counterpart Angela Merkel that he was sceptical about the creation of a new euro zone budget after German parties agreed to back the idea. Merkel's conservatives and the SPD last week agreed on the blueprint for

  • Austria's Kurz sceptical on euro zone budget ahead of Merkel meeting
    Reuters43 minutes ago

    Austria's Kurz sceptical on euro zone budget ahead of Merkel meeting

    Austrian Chancellor Sebastian Kurz told a German newspaper ahead of talks with German counterpart Angela Merkel that he was sceptical about the creation of a new euro zone budget after German parties agreed to back the idea. Merkel's conservatives and the SPD last week agreed on the blueprint for

  • U.S. lawmaker asks Intel, others for briefing on chip flaws
    Reuters44 minutes ago

    U.S. lawmaker asks Intel, others for briefing on chip flaws

    A Democratic U.S. lawmaker asked Intel Corp and two other microchip makers on Tuesday to provide a briefing on the recently detected Spectre and Meltdown security flaws that could allow hackers to steal information from most computers and devices. "I am looking to better understand the nature

  • U.S. warns investors over Venezuela's 'petro' cryptocurrency
    Reuters46 minutes ago

    U.S. warns investors over Venezuela's 'petro' cryptocurrency

    WASHINGTON/CARACAS (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuela's proposed "petro" cryptocurrency could violate sanctions against the OPEC nation's socialist government, a statement that could dent investor appetite for the soon-to-be-launched token. Venezuelan

  • Reuters59 minutes ago

    Britain's RBS pulled plug on Carillion days before collapse

    Carillion collapsed only days after Royal Bank of Scotland (RBS) , one of the British group's main lenders, tightened the terms of its funding, court documents show. The RBS decision three days before the collapse served to weaken attempts to protect Carillion's cash position, the construction

  • Reuters59 minutes ago

    Britain's RBS pulled plug on Carillion days before collapse

    Carillion collapsed only days after Royal Bank of Scotland (RBS)(RBS.L), one of the British group's main lenders, tightened the terms of its funding, court documents show. The RBS decision three days before the collapse served to weaken attempts to protect Carillion's cash position, the construction

  • Wells Fargo loses bid to end Philadelphia predatory lending lawsuit
    Reuters1 hour ago

    Wells Fargo loses bid to end Philadelphia predatory lending lawsuit

    U.S. District Judge Anita Brody said Philadelphia may pursue claims that the bank's alleged "reverse redlining" violated the federal Fair Housing Act, though she had "serious concerns" about whether claims of economic harm could survive. Lawyers for Philadelphia did not immediately

  • Oil prices drop off three-year highs but strong demand supports
    Reuters1 hour ago

    Oil prices drop off three-year highs but strong demand supports

    Oil prices dropped off three-year highs on Tuesday as traders booked profits but healthy demand underpinned prices near $70 per barrel, a level not seen since the market slump in 2014. Prices have been driven up by oil production curbs in OPEC nations and Russia, and demand amid healthy economic growth

  • Aside from Trump limelight, Davos discreetly pushes peace talks
    Reuters1 hour ago

    Aside from Trump limelight, Davos discreetly pushes peace talks

    U.S. President Donald Trump will hog the limelight at the World Economic Forum (WEF) in Davos next week, but behind the scenes some of the world's leading diplomats will be working on some of humanity's knottiest conflicts. Eight U.S. Secretaries and cabinet members will also be at Davos. &

  • Reuters1 hour ago

    Aside from Trump limelight, Davos discreetly pushes peace talks

    U.S. President Donald Trump will hog the limelight at the World Economic Forum (WEF) in Davos next week, but behind the scenes some of the world's leading diplomats will be working on some of humanity's knottiest conflicts. Eight U.S. Secretaries and cabinet members will also be at Davos. &

  • Reuters1 hour ago

    Chinese carmaker Chery to use Nvidia's self-driving technology

    (Reuters) - Nvidia Corp said on Tuesday China's Chery Automobile Co would use its self-driving technology that it has developed with Baidu and ZF Friedrichshafen AG.

  • ECB unlikely to ditch bond-buying pledge next week - sources
    Reuters1 hour ago

    ECB unlikely to ditch bond-buying pledge next week - sources

    The European Central Bank is unlikely to ditch a pledge to keep buying bonds at next week's meeting as rate setters need more time to assess the outlook for the economy and the euro, three sources close to the matter said. The ECB signalled last week a growing appetite for revising its policy message

  • ECB unlikely to ditch bond-buying pledge next week - sources
    Reuters1 hour ago

    ECB unlikely to ditch bond-buying pledge next week - sources

    The European Central Bank is unlikely to ditch a pledge to keep buying bonds at next week's meeting as rate setters need more time to assess the outlook for the economy and the euro, three sources close to the matter said. The ECB signalled last week a growing appetite for revising its policy message

  • Global Markets: Stocks retreat from early gains as oil, copper fall
    Reuters2 hours ago

    Global Markets: Stocks retreat from early gains as oil, copper fall

    NEW YORK (Reuters) - World stock markets edged lower on Tuesday, giving back earlier gains as Wall Street retreated from initial highs as a decline in oil and metals weighed on the energy and materials sectors.

  • GE renews break-up talk after $11 billion insurance, tax hit
    Reuters2 hours ago

    GE renews break-up talk after $11 billion insurance, tax hit

    Chief Executive John Flannery has previously raised the idea of selling pieces of the largest U.S. industrial company, as he slashes thousands of jobs and moves to cut $3.5 billion in costs to counter a plunge in profits and cash flow. The problem was flagged in July when GE said "adverse claims