Insight: As Trump targets energy rules, oil companies downplay their impact

BOSTON - President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil.

But the top U.S. oil and gas companies have been telling their shareholders that regulations have little impact on their business, according to a Reuters revi

Accenture's profit slips as costs rise

Consulting and outsourcing services provider Accenture Plc reported a smaller quarterly profit on Thursday, hurt in part by higher costs.

Shares of the company were down 2.7 percent at $123.11 before the bell.

Operating costs rose 4.3 percent to $7.62 billion in the second quarter ended Feb. 28.

Accenture has been investing heavily in fast-growing businesses such a

China sets 2017 GDP growth target at around 6.5%

 China has set its GDP growth target at around 6.5 per cent for 2017, compared with a target range of 6.5-7 per cent for 2016, according to a government work report available to the media on Sunday.

"[China will] pursue better results in actual economic work," Xinhua news agency quoted the report as saying. The report will be delivered by Premier Li Keqiang at the openi

ECB's Lautenschlaeger: if inflation rise persists, rate hike should come this year

BERLIN (Reuters) - European Central Bank board member Sabine Lautenschlaeger has said the ECB should raise interest rates before the end of the year if euro zone inflation establishes itself at the ECB's target level.

In an interview with German Deutschlandfunk radio to be aired on Sunday, Lautenschlaeger urged patience to see if inflation remained at the ECB's target of just

Tokyo stocks open lower

Tokyo stocks opened lower on Friday as the yen's appreciation against the US dollar created a dour market mood that saw exporters retreat and drag down the broader market.

The 225-issue Nikkei Stock Average dropped 114.57 points, or 0.59 per cent, from Thursday to 19,232.96, Xinhua news agency reported.

The broader Topix index of all First Section issues on the

Monsieur Brexit: EU's Barnier braces for baffling Brits

BRUSSELS  - Michel Barnier has a dealmaker's flair for gauging what the other side can accept but as Theresa May prepares to launch Brexit negotiations some EU officials wonder if Brussels' man can really figure out what she wants.

That is a nagging question for European Union leaders who need the veteran French minister and EU commissioner to best the Br

12/02/2017 2:57:29 PM | Posted in World Market More News read full news
S.Korea prosecutor to summon Samsung's Lee again on suspicion of bribery

SEOUL  - South Korea's special prosecutor said it would again summon Samsung Group scion Jay Y. Lee on Monday to question him on suspicion of bribery, as it investigates a graft scandal that has engulfed the country's president.

Last month, special prosecution officials questioned 48-year-old Lee for more than 22 hours straight, but a court rejected a war

Operations at Venezuelan oil terminal halted by spill - sources

Shipping operations at one of three docks of Venezuela's main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India, union and shipping sources told Reuters on Tuesday.

The spill, which happened over the weekend at Jose port's Eastern dock and whose size has not yet been disclosed, also affected other tankers close to the very larg

18/01/2017 9:26:06 AM | Posted in World Market More News read full news
Hebei to cut 31.86 million tonnes of steel and iron capacity in 2017 - Xinhua

SHANGHAI - China's biggest steelmaking province Hebei plans to slash 31.86 million tonnes of steel and ironmaking capacity for this year, the official Xinhua news agency quoted a provincial official as saying on Sunday.

Hebei, a province in the north of the country near the capital Beijing, accounts for nearly a quarter of China's total steel output and has pl

Asia stocks edge up in positive start to 2017, dollar resumes climb

By Nichola Saminather

SINGAPORE - Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest in a year, while the dollar resumed its climb after last week's stumble.

Markets were buoyed by signs of solid factory growth in China and Europe, giving the global manufacturing sector

Trump pressures Lockheed, says told Boeing to price out fighter aircraft

By Emily Stephenson and Jeffrey Dastin

HONOLULU/LOS ANGELES  - U.S. President-elect Donald Trump heaped pressure on Lockheed Martin Corp  on Thursday, saying he viewed costs for the aerospace company's F-35 fighter as too high and had asked Boeing Co  to offer a price for an older aircraft that lacks the same stealth capabilities.

Trump po

Greece needs reforms, not debt relief - Germany's Schaeuble

BERLIN - Greece must carry out structural reforms instead of receiving further debt relief if it wants to achieve sustainable growth and stay in the euro zone, Germany's finance minister said on Sunday.

Wolfgang Schaeuble's comments to Bild am Sonntag came ahead of a meeting of euro zone finance ministers in Brussels on Monday to discuss short-term measures to

BAE Systems says Indian, U.S. governments clear M777 artillery gun deal

LONDON - BAE Systems said on Wednesday it expected to sign a contract with the U.S. Department of Defense to supply M777 Howitzers to the Indian Army after both governments cleared the deal.

India's defence procurement agency agreed a proposal to buy 145 of the artillery guns in June in a deal worth an estimated $750 million.

BAE Systems also said i

1/12/2016 8:59:01 AM | Posted in World Market More News read full news
Goldman shares hit highest level since financial crisis in post-election rally

By Olivia Oran and Sinead Carew

Shares of Goldman Sachs Group Inc on Wednesday climbed to their highest levels since the financial crisis, as the bank benefited from a post-U.S. presidential election rally.

The stock reached $220.77 in late morning trading, returning to a point not seen since December 2007.

Goldman was the biggest driver for the Dow Jones Industria

1/12/2016 8:56:47 AM | Posted in World Market More News read full news
Dow, S&P 500 drop as U.S. bank rally wanes, tech boosts Nasdaq

By Sinead Carew

NEW YORK  - The S&P 500 closed lower and the Dow ended a seven-day rally on Wednesday as financial stocks fell but gains in technology stocks helped Nasdaq end the day higher.

U.S. stocks had been on a tear since the real estate developer's surprise victory in the Nov. 8 U.S. presidential election. The Dow had closed higher for t

17/11/2016 9:00:30 AM | Posted in World Market More News read full news
Roche, Bristol-Myers cut cancer drug prices to win UK approval

LONDON - Roche and Bristol-Myers Squibb on Thursday became the latest drugmakers to cut the price of cancer medicines in order to secure access to Britain's National Health Service.

The National Institute for Health and Care Excellence (NICE) cost watchdog, which had rejected Roche's breast cancer treatment Perjeta in May, said a price discount now offere

US Prez Election weighing on Indian Stock Market

Tomorrow is D-day, when people in the United States will vote for the 45th President of their country. History will be created soon after one of the most controversial US Presidential elections. While Hillary Clinton could be the first woman US President, Donald Trump could be the first President without any preceding political or military experience. Having delayed in the race for a significan

How important is the US Presidential Election for India?

With the US Presidential election around the corner, uncertainties over the Republican and Democratic candidates have boiled down to an unexpected photo finish. How will this affect India? Ever since George Bush and Manmohan Singh, the former Prime Minister of India, signed the civil nuclear deal, the two parties have been working on deepening their relationship. The outcome of this election wi

Tokyo shares open lower

tokyo shares opened lower on Wednesday amid increasing uncertainty over the US presidential election.

The 225-issue Nikkei Stock Average dropped 198.11 points, or 1.14 per cent, from Tuesday to 17,244.29, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange dipped 17.00 points, or 1.22 per cent, to 1,376.19.

D

China's industrial activity records highest level in 2 years

 China's industrial production recorded its highest level in two years in October, according to data released Tuesday by the National Bureau of Statistics (NBS).

China's manufacturing Purchasing Managers' Index (PMI) rose to 51.2 in October from 50.4 in September, well above market expectations and the highest level since July 2014, the Global Times reported. 

Tokyo shares open lower

Tokyo shares opened lower on Tuesday as weak oil price and renewed uncertainty over the result of the US election weighed on investor sentiment.

The 225-issue Nikkei Stock Average dropped 80.13 points, or 0.46 pe rcent, from Monday to 17,344.89, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange slid 8.40 points, or 0

US stocks waver narrowly ahead of Fed meeting

 US stocks fluctuated between small gains and losses as Wall Street awaited the Federal Reserve's two-day policy meeting scheduled to begin on Tuesday.

The Dow Jones Industrial Average on Monday rose 18.04 points, or 0.10 per cent, to 18,179.23, Xinhua news agency reported.

The S&P 500 gained 5.85 points, or 0.28 per cent, to 2,132.26. The Nasdaq Composite Index

Political factors, not economics, drive inequality in US

Political decisions taken at the highest level, not economics, are to blame for rising inequality in the US, sociologists suggest.

Political factors, along with increases in college-educated adults, provided the best explanations for the rise in income inequality in the US between 1978 and 2011, said the study published in the American Journal of Sociology.

But even higher e

Boeing 3rd-qtr profit jumps; raises delivery and revenue forecasts

Boeing Co reported a 33.7 percent rise in quarterly profit on Wednesday and raised its commercial airplanes delivery forecast for the year, sending its shares higher.

The world's largest jetliner maker expects to deliver 745 to 750 commercial airplanes, up from its previous forecast of 740 to 745.

The additional planes would boost revenue by $500 million, prompting Boein

Global economy weekahead - U.S., UK growth data to give steer on monetary policy

By Jonathan Cable

LONDON - Third-quarter growth figures from the United States and Britain will be scrutinised by financial markets in the week, and a business survey will provide the first evidence on how the euro zone has fared going into the fourth quarter.

Disappointing growth in the world's largest economy might make it less likely