*Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. LONDON, April 18- Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check. Brent crude futures were at $71.70 a barrel by 11:24 a.m. EDT,...
LONDON, April 18- Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. Brent crude futures were at $71.80 a barrel at 1313 GMT, up 18 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. U.S. crude inventories fell by 1.4...
LONDON, April 18- Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. Brent crude futures were at $71.89 a barrel at 1129 GMT, up 27 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. U.S. crude inventories fell by 1.4...
Losses in bank-heavy Milan and Madrid indexes led declines, while Germany's DAX edged higher. The data came on the heels of the German government lowering its forecast for 2019 economic growth on Wednesday, which was overshadowed by better-than-expected economic data out of China. "We... have confirmation that we are in a bit of a weak spot in Europe, if you look at...
Growth stuttered in Germany and forward-looking indicators in its Purchasing Managers' Index suggest a contraction among manufacturers in Europe's largest economy will continue for a few more months at least. Activity in France, the bloc's second-biggest economy, only stabilized this month after contracting in March. Germany and France are the only two...
SPAIN'S MELIA SAYS HAS NO ASSETS IN CUBA THAT COULD BE SUBJECT TO POTENTIAL CLAIMS AFTER THEIR EXPROPRIATION IN 1960 S.
MIAMI/ WASHINGTON, April 17- The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela's socialist president, Nicolas Maduro. President Donald Trump's decision, which the State Department said could unleash hundreds of...
HOUSTON/ MEXICO CITY, April 17- Spain's Repsol has suspended its swaps of refined products for crude with Venezuela's state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela. The Spanish oil company has been swapping fuel and waiving payments due from a joint venture...
*Warsaw stock index outperforms, partly driven by Santander stock. BUDAPEST, April 17- The forint set a new 3- week high against the euro on Wednesday, outperforming Central European peers as it benefited from increased appetite for emerging market currencies and stocks. Currencies in the European Union's eastern states were mostly steady on investor caution...
*New entity to have $3.8 trillion assets under custody. PARIS, April 17- France's Credit Agricole and Spain's Santander plan to combine their custody and asset servicing operations, in a deal that could point the way for European banks to achieve scale without the complexity of a full merger. Santander's' S3' Securities Services arm in Spain and Latin America will...
*Spain's economic recovery still robust. MADRID, April 16- For the first time in a decade, Spain's economy is taking a back seat in an election campaign as the main contenders, switching tack with a growth run entering its sixth year, focus on winning voters' hearts rather than filling their wallets. That has encouraged the main candidates in Spain's most open...
It seems that Beijing's trade arrangements with Europe are complicating American efforts to radically change trade relations with China, writes Michael Ivanovitch.
From Iceland to Morocco, here are "Game of Thrones" destinations that are popular with tourists whether or not they've ever watched the hit show.
Spanish Economy and Enterprise Minister Nadia Calvino hopes for a strong majority of votes for her government and a robust reform agenda in Spain's upcoming elections, she told CNBC's Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.
It's unavoidable that Europe will be affected by continued trade tensions between China and the U.S., Spanish Minister of Economy and Enterprise Nadia Calvino tells CNBC's Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.
SANTANDER, Spain/ MEXICO CITY, April 12- Santander has offered to take full control of its Mexican business through a 2.6 billion euro all-share deal as the Spanish bank chases potentially higher returns available from Latin America. While record-low interest rates have prevailed across the euro zone for the past 10 years, benchmark rates in Mexico stand at...
LONDON, April 11- Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten by a Lloyd's of London syndicate. "We talk about insurance as the oil of the wheels of the economy but there are lots of under-served areas and one of...
VALENCIA, Venezuela, April 12- The latest power outage started another tough week for factory owner Antonello Lorusso in the city of Valencia, once Venezuela's industrial powerhouse. Lorusso's packaging plant, Distribuidora Marina, had already struggled through years of hyperinflation, vanishing client orders, and a flight of employees.
SANTANDER/ MADRID, April 12- Santander on Friday made an offer to take full control of its business in Mexico via a deal worth 2.6 billion euros to take advantage of higher returns available from Latin America. In Mexico, benchmark interest rates are currently at 8.25 percent, the highest since the financial crisis. The Mexico deal will also bring Santander head to...
The central bank's shift to a more dovish stance has contributed to greater volatility in financial markets, according to Allianz's El-Erian.
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