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OPEC set for oil cut extension if Iran endorses pact

June 30, 2019 by  
Filed under News

OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the price of crude amid a weakening global economy.


Source: Reuters Business News

White House official: New sales to China's Huawei to cover only widely available goods

June 30, 2019 by  
Filed under News

President Donald Trump’s decision to allow expanded sales of U.S. technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and leave the most sensitive equipment off limits, a top White House aide said on Sunday.


Source: Reuters Business News

Vietnam, EU sign landmark free trade deal

June 30, 2019 by  
Filed under News

The European Union signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a developing country in Asia, paving the way for tariff reductions on 99% of goods between the trading bloc and Southeast Asian country.


Source: Reuters Business News

Real estate stocks have room to gain, residential in favor

June 30, 2019 by  
Filed under News

The once-sleepy U.S. real estate sector could be poised to continue its revival into the second half of 2019 but investors are selective in their bets on property companies.


Source: Reuters Business News

Preserve your ammunition, BIS urges top central banks

June 30, 2019 by  
Filed under News

Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth.


Source: Reuters Business News

Trump says China trade talks 'back on track,' new tariffs on hold

June 29, 2019 by  
Filed under News

The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing.


Source: Reuters Business News

U.S. prosecutors subpoena records on Boeing 787 production: Seattle Times

June 29, 2019 by  
Filed under News

Federal prosecutors have subpoenaed records from Boeing Co relating to the production of the 787 Dreamliner in South Carolina, the Seattle Times reported on Friday, citing two sources familiar with the investigation.


Source: Reuters Business News

Deutsche Bank board to meet July 7 to decide on job cuts: sources

June 29, 2019 by  
Filed under News

Deutsche Bank’s supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people with knowledge of the matter said.


Source: Reuters Business News

Amazon, after big hire, experimenting with sports media strategy: interview

June 29, 2019 by  
Filed under News

When Amazon.com Chief Executive Jeff Bezos was spotted schmoozing in NFL Commissioner Roger Goodell’s booth during the Super Bowl in February, the media world exploded with anticipation about Amazon’s imminent domination of sports media.


Source: Reuters Business News

Russia agrees with Saudi to extend OPEC deal by 6-9 months: Putin

June 29, 2019 by  
Filed under News

Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy.


Source: Reuters Business News

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