Fashion company Nine West files amended bankruptcy plan

(Reuters) - U.S. footwear and apparel company Nine West Holdings Inc filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations by more than $1 billion, the company said on...

Global Economy Throwing Up Red Flags For Oil

By Nick Cunningham Investors are feeling the most pessimistic about the health of the global economy in a decade, according to a survey from Bank of America Merrill Lynch. The gloom is spreading, with a growing number...

Dividend windfall: Santander latest target in Germany’s giant fraud probe

John O'Donnell, Tom Sims FRANKFURT (Reuters) - Spain’s Santander (SAN.MC) is the latest bank to be caught up in Germany’s biggest post-war fraud investigation involving a share-trading scheme that the authorities say cost taxpayers billions...

Oil Price Rally Revives Offshore Oil Sector

By Irina Slav The offshore drilling segment of the energy industry was among the hardest hit by the 2014 downturn. Many went under, and those that did survive were on their last legs when prices began...

U.S-Saudi Clash Could Spell Disaster For OPEC

By Cyril Widdershoven The Khashoggi case is far from over, as current harsh statements coming from Washington are showing. Not only is there a long line of U.S. Senators calling for an in-depth investigation of the matter,...

What Killed The Oil Price Rally?

By Nick Cunningham  Oil prices fell to a one-month low on Wednesday, pushed down by a rather bearish report from the EIA that showed a large increase in crude inventories. Brent briefly dipped below $80 per barrel...

Europe’s Fuel Oil Traders Wary Of Closing 2019 Deals

By Tsvetana Paraskova Traders in Europe are not rushing to the 2019 tenders for fuel oil, expecting wild price volatility in the prices of both high-sulfur and low-sulfur fuel oil next year as the market will...

Trade off: China soybean imports set for biggest drop in 12 years amid tariff...

Naveen Thukral, Dominique Patton (Reuters) - China’s soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases...

Exxon Mobil bets big on China LNG, sidesteps trade war

HOUSTON/SINGAPORE (Reuters) - In the middle of a Sino-U.S. trade war, the world’s largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America...

Turkish Airlines to restart Ankara-Rome direct flights after 60 years

Turkey’s national flag carrier will resume its two-way Ankara-Rome direct flights in 2019, the airlines announced on Oct. 17. Turkish Airlines—which launched its first service in Italy in 1959—will restart its operations between the two capital cities after...

Strong demand for bonds in global markets proves confidence in Turkey: Minister

International market demand for Turkish bonds was more than triple the bonds’ issue size, proving the confidence in Turkey’s economic indicators, Treasury and Finance Minister Berat Albayrak said on Oct. 17. The strong demand confirms the robustness of Turkey’s economic basis, resilience to external shocks, and success of...

India’s 300km/h bullet train project was seen as a big win for Japan over...

Bloomberg Land acquisition for the US$15 billion project is moving at a snail’s pace India’s bullet train project is moving at the pace of a commuter train instead. A year after the project was begun, only 0.9...

Turkish automotive sales seen contracting nearly 40 pct in 2018: Association

Turkey’s automotive sales are seen contracting 38.8 percent in 2018, an official for Turkey’s Automotive Distributors Association (ODD) said on Oct. 17, adding that production is expected to slow down by five percent. Hayri Erce, general coordinator...

China’s stocks rise first time this week on prospect of government bailout plan

Bloomberg China’s stocks rose on Wednesday for the first time this week, led by smaller companies, on optimism that the Shenzhen government will take measures to bail out companies hit by the liquidity squeeze. The benchmark...

Where are house prices rising the fastest?

House prices are rising the fastest in the East Midlands, increasing by 6.5% in the year to August, according to official statistics. Wales also showed a significant rise - up by 6.2% over the same...

Why China Inc is still stuck in 2015

No industrializing nation has ever avoided a financial comeuppance. Neither will China By William Pesek –Asia  Times For all the hype about China’s great leap forward to 2025, the nation’s leaders find themselves with one...

For the first time in a decade, US is crowned ‘world’s most competitive economy’....

The Washington Post The World Economic Forum ranked economies of East Asia and the Pacific as generally more competitive than European countries For the first time in a decade, the United States was crowned the world’s...

Donald Trump to pull US out of postal alliance in latest move targeting China

The Trump administration is rejecting a ‘flawed system’ that allows developing countries like China to globally ship goods cheaply Owen Churchill- South China Morning Post The Trump administration said on Wednesday that it intends to pull...

Echoes of Black Monday: Market sell-off could get ‘significantly worse’ – strategist

The ongoing sell-offs in equity markets are drawing slight parallels with the crash of the late 1980s, according to Simon Derrick, chief currency strategist at BNY Mellon. He has raised concerns around recent market moves, telling CNBC: “Without...

US sanctions policy against Russia undermines dollar’s reserve currency position – Goldman Sachs

Washington’s aggressive policy against Moscow could be a sufficient reason behind the recent fall of the dollar’s share of global central-bank reserves, according to economist at US multinational investment bank Goldman Sachs. Russia’s Central Bank...