Top News & Analysis North America

  • BUENOS AIRES, Sept 16- In late August, amid a sharp plunge in the Argentine peso, global suppliers to oil giant YPF received an unwelcome surprise in their inbox. The move rattled suppliers and global energy firms and will likely lead to a slowing of operations in the country's huge Vaca Muerta shale play, where foreign companies were lured by promises of stability...

  • COBHAM: CEO DAVID LOCKWOOD SAYS UNABLE TO DISCUSS ANY MEETINGS WITH GOVERNMENT ABOUT TAKEOVER AS ENGAGEMENT WAS CONFIDENTIAL.

  • *China industrial output growth weakens, hits risk appetite. MILAN, Sept 16- Oil prices climbed to four-month highs on Monday and world stocks slid after weekend attacks on crude facilities in Saudi Arabia shut about 5% of the world's supply and fuelled worries over the impact of an oil shock on economic growth. By 0823 GMT, Brent futures were up 8.75% at $65.49 per...

  • HONG KONG, Sept 16- The yuan held a firm tone on Monday after a holiday weekend, with markets cheered by signs of progress in U.S.- China trade negotiations though weak economic data at home and turmoil in oil markets curbed gains. Ahead of high level trade talks next month, Beijing exempted duties on U.S. goods and Washington delayed a tariff increase in a rapid...

  • LONDON, Sept 16- Two major facilities at the heart of Saudi Arabia's oil industry were attacked on Saturday, shutting down more than 5% of global supply. *Yemen's Iran- aligned Houthi group, which is battling a Saudi-led coalition in Yemen, claimed responsibility, saying it used drones. Secretary of State Mike Pompeo ruled out Yemeni involvement and accused Iran of...

  • TOKYO, Sept 16- The United States will agree not to raise tariffs or introduce curbs to import quotas on Japanese cars when the country's leaders meet next week, the Tokyo Shimbun newspaper reported on Monday. Washington and Tokyo agreed to the core elements of a trade deal last month on the sidelines of a Group of Seven Summit, with Trump and Abe saying they hoped to...

  • HONG KONG, Sept 16- The yuan held a firm tone on Monday after a holiday weekend, with markets cheered by signs of progress in U.S.- China trade negotiations though weak economic data at home and turmoil in oil markets curbed gains. Ahead of high level trade talks next month, Beijing exempted duties on U.S. goods and Washington delayed a tariff increase in a rapid...

  • DETROIT/ WASHINGTON, Sept 15- The United Auto Workers went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the morning, union officials said early Monday. "We do not take this lightly," Terry Dittes, the UAW vice president in charge of the union's relationship with GM, said at a...

  • *Washington blames Iran for attack. President Donald Trump said on Sunday the United States was "locked and loaded" for a potential response to the attack on Saudi Arabia's oil facilities, after a senior U.S. administration official said Iran was to blame. Earlier in the day, a senior U.S. official told reporters that evidence from the attack, which hit the world's...

  • BEIJING, Sept 16- The slowdown in China's factory and consumer sectors deepened in August, with industrial production growing at the weakest pace in 17-1/ 2 years, a sign of increasing weakness in an economy lashed by trade headwinds and soft domestic demand. August's data is the slowest growth since February 2002. Fixed-asset investment for the first eight...

  • *The most active corn futures on the Chicago Board Of Trade were up 0.7% at $3.71-1/ 4 a bushel, as of 0053 GMT, near the session high of $3.73 a bushel- the highest since Aug. 30. *The most active soybean futures were up 0.3% at $9.01-3/ 4 a bushel, near a session high of $9.04-3/ 4 a bushel- the highest since July 30. *China will exempt some agricultural products from additional...

  • NEW YORK, Sept 15- U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia's oil facilities are on the West Coast, which accounts for nearly half of all of U.S. crude imports from the kingdom. However, California motorists, some 8,000 miles away from Saudi Arabia, could be hit the hardest. Saudi Arabia exports more than 7...

  • Sept 13- WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday. Were the We Company to press on with the IPO at such a low valuation, it would represent a major turning point...

  • President Donald Trump will meet next week with the leaders of India and Australia at events in Texas and Ohio to promote trade and investment. The White House said Trump will travel to Houston, Texas, on Sept. 22 to participate in an event with Prime Minister Narendra Modi of India and to "discuss ways to deepen their energy and trade relationship."

  • *Washington blames Iran for attack. President Donald Trump said on Sunday that the United States was "locked and loaded" for a potential response to the attack on Saudi Arabia's oil facilities, after a senior official in his administration said Iran was to blame. "Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release...

  • DETROIT/ WASHINGTON, Sept 15- The United Auto Workers said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight on Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years. "We do not take this lightly," Terry Dittes, the UAW vice president in charge of the...

  • NEW YORK, Sept 15- Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply. Brent crude futures jumped more than 19% to a session high of $71.95 a barrel at the opening, while U.S. crude futures surged more than 15% to a...

  • LONDON, Sept 16- The strike on the heartland of Saudi Arabia's oil industry, including damage to the world's biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months. Before the attack, the Organization of the Petroleum Exporting Countries global supply cushion was just over 3.21 million barrels per day,...

  • NEW YORK, Sept 15- Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply. Brent crude futures jumped more than 19% to a session high of $71.95 a barrel at the opening, while U.S. crude futures surged more than 15% to a...