Oil rises on hopes for OPEC supply curbs, new optimism on U.S.-China trade deal

Oil rises on hopes for OPEC supply curbs, new optimism on U.S.-China trade deal
TOKYO (Reuters) – Oil prices posted early gains as OPEC’s outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month. FILE PHOTO: Oil pump jacks at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo Optimism that... Read More

Oil edges lower on U.S. crude stockpiles, record production

Oil edges lower on U.S. crude stockpiles, record production
NEW YORK (Reuters) – Oil prices eased on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, but losses were limited by forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17,... Read More

Boeing received ‘unnecessary’ contract boost for astronaut capsule, watchdog says

Boeing received ‘unnecessary’ contract boost for astronaut capsule, watchdog says
FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. Picture taken August 14, 2018. REUTERS/Paulo Whitaker WASHINGTON (Reuters) – Boeing’s multibillion dollar contract to build U.S. astronaut capsules received an “unnecessary” extension from NASA, a watchdog report said on Thursday, the... Read More

U.S. and China ‘getting close’ to trade deal: White House economic adviser

U.S. and China ‘getting close’ to trade deal: White House economic adviser
WASHINGTON (Reuters) – The United States and China are getting close to a trade agreement, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive talks with Beijing about ending a 16-month trade war. FILE PHOTO: Director of the National Economic Council Larry Kudlow speaks to the media at the White House in Washington, U.S.,... Read More

Court tosses Carl Icahn’s lawsuit seeking Occidental acquisition records

Court tosses Carl Icahn’s lawsuit seeking Occidental acquisition records
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo HOUSTON (Reuters) – Activist investor Carl Icahn will not have access to Occidental Petroleum Corp’s (OXY.N) Anadarko takeover records to support his proxy fight against the oil firm’s board, a Delaware court judge... Read More

Buffett’s Berkshire invests in Restoration Hardware, whose shares rise

Buffett’s Berkshire invests in Restoration Hardware, whose shares rise
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Thursday disclosed a new investment in RH (RH.N), boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha,... Read More

Alibaba praises Hong Kong at start of retail campaign for $13 billion listing

Alibaba praises Hong Kong at start of retail campaign for $13 billion listing
HONG KONG (Reuters) – Alibaba Group Chairman Daniel Zhang said Hong Kong’s “future is bright” as the ecommerce giant kicked off the retail campaign for its secondary listing in the city gripped by increasingly violent protests and recession. FILE PHOTO: A logo of Alibaba Group is seen during Alibaba Group’s 11.11 Singles’ Day global shopping festival at the company’s headquarters... Read More

U.S. ‘getting close’ to trade deal with China: White house economic adviser

U.S. ‘getting close’ to trade deal with China: White house economic adviser
FILE PHOTO: Director of the National Economic Council Larry Kudlow speaks to the media at the White House in Washington, U.S., September 6, 2019. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – The United States is getting close to a trade agreement with China, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive discussions with Beijing.... Read More