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  • Pumpjacks in an oil field.

    The recent uptick in oil prices is not likely to persuade OPEC to end production cuts this summer, according to one oil analyst.

  • VIENNA, Jan 17- The euro's recent strength against the U.S. dollar is' not helpful', European Central Bank policymaker Ewald Nowotny said on Wednesday when asked about the currency's recent gains. Speaking to reporters in Vienna, Nowotny added that the ECB had no exchange rate target so it would monitor the developments. The euro has gained 4 percent against the...

  • *Oil propped up by OPEC/ Russia- led production cuts. CALGARY, Alberta, Jan 15- Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting...

  • *Oil propped up by OPEC/ Russia- led production cuts. CALGARY, Alberta, Jan 15- Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of "red flags" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting...

  • *Oil propped up by OPEC/ Russia- led production cuts. LONDON, Jan 15- Oil hovered near a three-year high of $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting Countries, Russia and...

  • *Oil propped up by OPEC/ Russia- led production cuts. LONDON, Jan 15- Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting Countries, Russia...

  • *Oil propped up by OPEC/ Russia- led production cuts. LONDON, Jan 15- Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting Countries, Russia...

  • *OPEC- led supply cuts, healthy demand support prices. LONDON, Jan 12- Oil prices fell on Friday after hitting a three-year high over $70 a barrel the previous day, but remained on track to post a fourth straight week of gains. The contract broke above $70 on Thursday for the first time since December 2014.

  • *OPEC- led supply cuts, healthy demand support prices. Brent crude futures traded 15 cents lower at $69.11 a barrel at 1011 GMT. The contract broke above $70 a barrel on Thursday for the first time since December 2014.

  • FRANKFURT, Jan 11- Taxify, Uber's upstart European-based rival, is looking to expand during the coming year outside of the biggest cities in the more than 20 countries where it now operates into secondary markets, Chief Executive Markus Villig said on Thursday. The Estonia- based taxi-hailing platform active in Central and Eastern Europe and Africa, has taken...

  • *Graz team found way to hack core memory of Intel chips. FRANKFURT, Jan 4- Daniel Gruss didn't sleep much the night he hacked his own computer and exposed a flaw in most of the chips made in the past two decades by hardware giant Intel Corp.. The 31- year-old information security researcher and post-doctoral fellow at Austria's Graz Technical University had just...

  • *Graz team found way to hack core memory of Intel chips. FRANKFURT, Jan 4- Daniel Gruss didn't sleep much the night he hacked his own computer and exposed a flaw in most of the chips made in the past two decades by hardware giant Intel Corp.. The 31- year-old information security researcher and post-doctoral fellow at Austria's Graz Technical University had just...

  • *Graz team found way to hack core memory of Intel chips. FRANKFURT, Jan 4- Daniel Gruss didn't sleep much the night he hacked his own computer and exposed a flaw in most of the chips made in the past two decades by hardware giant Intel Corp.. The 31- year-old information security researcher and post-doctoral fellow at Austria's Graz Technical University had just...

  • *Brent touches $68.27, highest since May 2015. LONDON, Jan 4- Oil rose further above $68 a barrel on Thursday to the highest since May 2015, supported by unrest in Iran raising concern about risks to supplies, cold weather in the United States boosting demand and OPEC- led output cuts. Six days of anti-government protests in Iran, OPEC's third-largest producer, have...

  • *Purchase price $24 million, plus additional liquidity. FRANKFURT, Dec 29- British Airways' owner IAG said on Friday it would buy Niki, Air Berlin's insolvent Austrian holiday airline, for 20 million euros and provide additional liquidity to the company of up to 16.5 million euros. Assets include 15 A320 aircraft and slots at airports including Vienna, Dusseldorf,...

  • CARACAS/ HOUSTON, Dec 29- Venezuela is investigating Rafael Ramirez, a once powerful oil minister and former head of state oil company PDVSA, in connection with an alleged $4.8 billion Vienna- based corruption scheme, the state prosecutor's office announced on Friday. Venezuela ordered the removal of Ramirez from his post as representative to the United...

  • *Purchase price $24 million, plus additional liquidity. FRANKFURT, Dec 29- British Airways' owner IAG said on Friday it would buy Niki, Air Berlin's insolvent Austrian holiday airline, for 20 million euros and provide additional liquidity to the company of up to 16.5 million euros. Assets include 15 A320 aircraft and slots at airports including Vienna, Dusseldorf,...

  • *Lauda, Thomas Cook also still in the running- Lauda. BERLIN, Dec 22- IAG, the owner of British Airways and low-cost carrier Vueling, is one of the four bidders selected for the final stages of talks over the assets of insolvent Austrian airline Niki, three people familiar said. British tour operator Thomas Cook and Niki's founder, former Formula One world champion...

  • SHANGHAI, Dec 22- HNA Group's plan to take a majority stake in Vienna- based C-Quadrat Investment AG has gained approval from Austrian regulators, a rare recent win for the acquisitive Chinese conglomerate amid rising global pushback on its deals. Just this week, New Zealand blocked HNA's $460 million purchase of a finance unit. The investment manager said in a...

  • SHANGHAI, Dec 22- HNA Group's plan to take a majority stake in Vienna- based C-Quadrat Investment AG has gained approval from Austrian regulators, a rare recent win for the acquisitive Chinese conglomerate amid rising global pushback on its deals. Just this week, New Zealand blocked HNA's $460 million purchase of a finance unit. The investment manager said in a...