(Reuters) – Venezuelan opposition leader and self-proclaimed president Juan Guaido ordered congress on Monday to appoint new boards of directors to state oil company PDVSA and U.S. subsidiary Citgo, shortly before the United States imposed sanctions on the firm. The moves were aimed at intensifying pressure on President Nicolas Maduro, who was re-elected last year […]
HOUSTON (Reuters) – Chevron Corp has agreed to buy a Texas oil refinery with a troubled past and space to handle a coming flow of shale from its West Texas operations, two sources familiar with negotiations said on Monday. The U.S. oil major is expected to disclose the deal to acquire a 112,000 barrel-per-day (bpd) […]
WASHINGTON (Reuters) – U.S. economic growth will slow this year to 2.3 percent from 3.1 percent in 2018, as the stimulative effects of President Donald Trump’s tax cuts wane and the federal budget deficit climbs to nearly $900 billion, congressional researchers said on Monday. In its latest 10-year budget and economic outlook, the Congressional Budget […]
LONDON (Reuters) – European shares slid on Monday as optimism about the end of a U.S. government shutdown faded and growth worries reared their head again. The pan-European STOXX 600 lost 0.97 percent, its biggest fall since Jan. 3, as a profit warning from Caterpillar cemented investors’ pessimistic mood after data showed the second consecutive […]
LONDON (Reuters) – Aluminum users around the world will pay less for their material after the United States lifted sanctions on major producer Rusal, but U.S. tariffs on imports of the metal mean limited gains for the country’s consumers. The U.S. Treasury on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, […]
WASHINGTON (Reuters) – The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) and Census Bureau said on Monday they would provide new release dates for economic data delayed during a five-week partial shutdown of the federal government as soon as they can. They offered no timeline for when the revised data schedules would be published. […]
SINGAPORE – The doctor who leaked the details of 14,200 people with confirmed HIV, and another 2,400 of their contacts – including sexual partners and drug users who could also be at risk of infection – is still on the Register of Medical Practitioners. But he no longer has a practising certificate, which is required […]
SAO PAULO (Reuters) – Brazil posted a current account deficit of $815 million in December, bringing the total deficit for 2018 to $14.51 billion or 0.77 percent of gross domestic product over the year, the central bank said on Monday. The deficit in 2018 was almost exactly double the $7.235 billion shortfall the year before, […]
PHNOM PENH (REUTERS) – Cambodia renewed calls for arrest of veteran opposition chief Sam Rainsy on Monday (Jan 28) amid the threat of sanctions by the European Union (EU), its biggest garment export market worth billions of euros a year, over human rights concerns. Mr Sam Rainsy’s opposition Cambodia National Rescue Party (CNRP) was dissolved […]
LONDON (Reuters) – The “end-game” for the Libor interest rate benchmark will be uncertain and regulators will seek to give markets notice when they no longer believe the rate is reliable, a senior UK markets watchdog official said on Monday. Used as a price reference in financial contracts and derivatives, Libor reflects borrowing costs among […]