Is The Rig Count Still Relevant?

By Irina Slav  The weekly rig count report that Baker Hughes releases is probably on everyone’s not-to-miss schedule. However, its days as one of the most reliable U.S. oil industry growth metrics seem to be numbered:...

WEF warns of growing array of global risks

The global economy faces a worrying array of risks, from natural disasters related to climate change to the rise of Daesh and hacking, according to experts polled by the World Economic Forum, which organizes...

ECB sees weaker growth, inflation in the euro zone

The European Central Bank cut its inflation and growth forecasts for the euro zone and its president said things could get worse. The bank pledged to beef up or prolong its bond-buying program if the...

Sarah Al Suhaimi to Become the First Woman to Head Saudi Arabia’s Stock Exchange

by  Vivian Nereim  and  Matthew Martin NCB Capital Co. Chief Executive Officer Sarah Al Suhaimi will become the first woman to chair Saudi Arabia’s stock exchange, the largest bourse in the Middle East. Al Suhaimi was...

National Bank of Fujairah selects Thomson Reuters ONESOURCE Fast VAT service for its Corporate...

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has been selected by National Bank of Fujairah (NBF) to provide a Value Added Tax (VAT) solution for its Corporate &...

IMF denies blasting Lebanese government over blatant corruption

During a five-minute recording, an individual identified by the IMF as Mohamad Zeidan signals that "Lebanon's level of corruption can only be compared to that of Botswana," a landlocked country located in Southern Africa. by...

Bankrupt US retailers begin to catch a break

Reuters NEW YORK: An unexpected helping hand from creditors, landlords and vendors is allowing more US retailers to stay in business following bankruptcy with most of their stores and employees in the fold. The new approach...

SoftBank to buy ARM in $32bn cash deal

TOKYO/LONDON: Japan's SoftBank will buy Britain's most valuable technology company ARM for $32 billion in cash, an audacious attempt to lead the next wave of digital innovation with a chip designer that powers the...

Skinny and sweet: U.S. refiner earnings depend on the oil diet

NEW YORK (Reuters) - Smaller independent refiners with less complex facilities are surging in the stock market of late, as investors expect strong earnings growth thanks to the recent fall in price of their...

By Tom Bergin | LONDON More than 20 European business associations and companies interviewed...

By Eric Auchard | LONDON German digital map maker HERE will introduce a new set of traffic services this week that allows drivers to see for themselves what live road conditions are like miles ahead using data from...

Refinitiv Partners With DDCAP To Provide Trading Workflow For Sharia’a-Compliant Transactions ​

Refinitiv Partners With DDCAP Group To Provide A Fully Integrated Treasury Trading Workflow For Sharia’a-Compliant Transactions DUBAI, UNITED ARAB EMIRATES – Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, has signed a partnership agreement with DDCAP...

Oil Rig Competition Flares Up Amid Permian Boom

By Tsvetana Paraskova Surging U.S. oil production on the one hand, and the exploration and production companies’ focus on keeping costs in check on the other, have prompted drilling rig makers to shift their technology offering...

China wants trade talks with United States to be equal, mutually beneficial

Kevin Yao BEIJING (Reuters) - Trade talks between the United States and China should be equal and mutually beneficial, Chinese Vice Commerce Minister Wang Shouwen said on Friday, adding that he hoped the two countries...

Death of US dollar? China launches petro-yuan to challenge greenback’s dominance

The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent and WTI as well as the US currency. Trading of...

What Explains The Sudden Plunge In Iranian Oil Exports?

By Tsvetana Paraskova Iran’s tracked oil exports in November plummeted by several hundred thousand barrels per day compared to October, as many Iranian customers hadn’t nominated barrels amid uncertainty whether they would get U.S. waivers to...

Russian SSJ-100 airliners to dominate Iranian skies as Moscow strikes new aviation deal

Memorandums on the delivery of 40 Sukhoi Superjet-100 (SSJ-100) passenger planes to Iran have been signed by Moscow and Tehran at the Eurasia Airshow, Sukhoi Civil Aircraft President Aleksandr Rubtsov has said. Iran will receive...

U.S. derivatives regulator proposes more flexible swaps trading rules

WASHINGTON (Reuters) - The head of the U.S. derivatives watchdog on Thursday said he would like to allow more flexibility in the way swaps are traded while at the same time tightening requirements for...

Does The U.S. Really Need Saudi Oil?

By Nick Cunningham “Saudi Arabia — if we broke with them, I think your oil prices would go through the roof. I’ve kept them down,” President Trump told reporters on Tuesday. “They’ve helped me keep them...

Cargo ship loses 270 containers near German island in North Sea

The containers had fallen off a Panamanian-flagged ship — one of the world's biggest — in rough weather. Authorities are warning people to beware of the cargo washing ashore as some of them contained...

U.S. judge dismisses currency-rigging claims against big banks

Reuters Staff NEW YORK (Reuters) - A U.S. judge on Thursday dismissed a lawsuit against 16 big banks by retail foreign currency investors who claimed they were indirectly harmed by a conspiracy to rig prices. U.S....