Mon02202017

LAST_UPDATEMon, 20 Feb 2017 12am

Oil Prices Find Floor After Falls On Supply Glut Woes

A softer dollar also buoyed prices by making dollar-denominated oil less costly for importing countries.LONDON: Oil prices rose on Thursday, supported by news of an attack on a Nigerian pipeline and moving up off a five-week low reached the previous session when US crude stocks data compounded doubts that a glut in global oil supplies could be eroded.

Read more: Oil Prices Find Floor After Falls On Supply Glut Woes

Gold Edges Higher On US Election Nerves

File pic

NEW YORK: Gold edged higher yesterday in response to a lower dollar and also uncertainty about the outcome of a tight US presidential race.

Read more: Gold Edges Higher On US Election Nerves

MISC’s Earnings Forecasts Revised Downwards

PETALING JAYA: MISC Bhd’s earnings forecasts have been slashed by up to 27% on lower vessel utilisation and charter rates.

Read more: MISC’s Earnings Forecasts Revised Downwards

Uber To Go It Alone As It Expands Into Southeast Asia

TAIPEI: Ride-hailing service Uber Technologies Inc will focus on organic growth as it expands into Southeast Asian markets, a senior vice president told Reuters on Friday.

Read more: Uber To Go It Alone As It Expands Into Southeast Asia

BMW Drives Third-Quarter Profit Into Record Territory

FRANKFURT: German luxury carmaker BMW, the world’s biggest, beat expectations on Friday with a new record net profit for the July to September period after selling record numbers of vehicles.

Read more: BMW Drives Third-Quarter Profit Into Record Territory

Oil Prices Dip Down On Inventory Boost, OPEC Skepticism

A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson

Oil prices dipped on Thursday, with losses limited as an attack on a Nigerian pipeline cut the country's output even as investors remained skeptical about OPEC's planned production limit and surprised at a big build in U.S. crude inventories.

Read more: Oil Prices Dip Down On Inventory Boost, OPEC Skepticism

Exclusive: Tobacco Treaty Leaders Propose Barring Delegates Linked To State Firms

A man lights a cigarette along a road in Mumbai, India, October 26, 2016. REUTERS/Danish Siddiqui/File Photo

The leadership of a World Health Organization (WHO) treaty on tobacco control has proposed barring delegates with ties to state-owned tobacco firms from its conference next week, tightening its application of rules to shut out the industry from policy making.

Read more: Exclusive: Tobacco Treaty Leaders Propose Barring Delegates Linked To State Firms

Wells Fargo CEO Sees 'Relatively Quick' Review Of Sales Practices

A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake

Wells Fargo & Co's (WFC.N) CEO Tim Sloan said on Thursday a comprehensive review of the bank's sales practices would be done 'relatively quickly' and unveiled a series of immediate changes at the bank's retail unit under new division boss Mary Mack.

Read more: Wells Fargo CEO Sees 'Relatively Quick' Review Of Sales Practices

Jpmorgan Plants Digital Payment Flag At Wal-Mart

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files

JPMorgan Chase & Co is putting its "Chase Pay" digital wallet on Wal-Mart's website and in the retailer's Walmart Pay app, hoping to give customers more ways to make purchases without cash, a bank executive said on Thursday.

Read more: Jpmorgan Plants Digital Payment Flag At Wal-Mart

New Adidas CEO Acts To Reshape Reebok, Support Growth

A logo of Adidas company is seen on a building in Minsk, Belarus September 29, 2016. REUTERS/Vasily Fedosenko

The new boss of Adidas (ADSGn.DE) announced plans on Thursday to overhaul its struggling Reebok fitness brand and keep up the focus on reviving the main Adidas business in North America as he dampened expectations for 2017.

Read more: New Adidas CEO Acts To Reshape Reebok, Support Growth