*US executive order restricts Venezuela's ability to sell assets. *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. NEW YORK, May 21- U.S. crude hit its highest level since 2014 on Monday amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC- member...
*Venezuela election stirs worries on oil output, sanctions. NEW YORK, May 21- Global stock markets rallied broadly on Monday after the United States and China agreed to halt a trade war, while oil hit multi-year highs on political uncertainty and potential sanctions on Venezuela. The U.S. trade battle with China was put "on hold" after the world's two largest...
LONDON _ International Game Technology PLC on Monday reported a loss of $103.1 million in its first quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. Six analysts surveyed by Zacks expected $1.16 billion.
May 21- Data firm IHS Markit Ltd said on Monday it will buy Ipreo from private equity funds Blackstone Group LP and Goldman Sachs Group Inc for $1.86 billion to expand its financial services operations. IHS, whose diverse set of businesses range from selling data on automotive and technology industries to publishing Jane's Defence Weekly, said the deal will be...
*US executive order restricts Venezuela's ability to sell assets. *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. NEW YORK, May 21- U.S. crude hit its highest level since 2014 on Monday amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC- member...
*Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. Crude prices hovered near 2014- highs early Monday, bolstered by worries about production from OPEC members Iran and Venezuela. President Donald Trump had discussions with Russia and China about issuing new debt to Venezuela.
*Dollar gains, euro pressured by Italy uncertainty. NEW YORK, May 21- Global stock markets climbed on Monday, and the U.S. dollar rallied to a five-month peak while the Japanese yen weakened after the United States and China agreed to halt a trade war between the two countries. Treasury Secretary Steven Mnuchin on Sunday declared the trade battle with China "on hold"...
NEW YORK/ LONDON, May 21- Gold on Monday marked a new low for the year to date after U.S. Treasury Secretary Steven Mnuchin's declaration that a trade war between China and the United States was "on hold" helped boost appetite for higher-risk assets, such as stocks. "With the China trade news, international investors sold off gold," said Michael Matousek, head trader at...
*Soybeans rally as U.S.- China trade tensions ease. CHICAGO, May 21- U.S. soybean futures jumped more than 2 percent on Monday after Washington and Beijing agreed to drop tariff threats, easing fears that demand for U.S. shipments to top importer China could slow. "The market is excited about the news about progress with China on trade," said Rich Nelson, chief...
*Italian yields soar; Italy- Spain yield gap widest in six years. LONDON/ MILAN, May 21- Italy's borrowing costs surged again on Monday and its stock market touched six-week lows as two anti-establishment parties that plan to ramp up spending appeared set to form a coalition government. The prospect of a spendthrift government taking shape in Italy, the euro zone's...
*Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. NEW YORK, May 21- Crude prices strengthened on Monday, reversing course as geopolitical tensions continued to support the market and a trade war between the U.S. and China was declared "on hold." Geopolitical concerns that U.S. sanctions on Iran could curb the country's crude exports have led crude prices...
LONDON, May 21- Sterling slumped to its lowest since December on Monday as the dollar surged and investors prepared for data this week that could determine whether the Bank of England raises interest rates in 2018.. The currency was headed for its biggest daily loss in three weeks as the dollar rose broadly on reports that the United States was putting its trade...
NEW YORK, May 21- Global stock markets edged higher on Monday and the U.S. dollar rallied to a five-month peak as trade tensions eased between the U.S. and China, while Italy's borrowing costs climbed as two anti-establishment parties grew closer to power. Treasury Secretary Steven Mnuchin on Sunday declared the trade battle with China "on hold" after both...
The Nielsen company says 29.2 million people in the United States watched the wedding of Prince Harry and American actress Meghan Markle early Saturday. The telecast topped the 22.8 million people who watched Harry's older brother, Prince William, marry Kate Middleton in 2011.. Nielsen said an estimated 6.42 million people watched NBC's coverage while 6.35...
ISTANBUL, May 21- Turkey's lira extended its relentless tumble on Monday, sliding more than 2 percent against the dollar on concerns about President Tayyip Erdogan's influence over monetary policy and the central bank's inability to rein in double-digit inflation. Investors have been particularly unnerved by Erdogan's comments last week, made during a...
*Italian yields soar; Italy- Spain yield gap widest in six years. LONDON/ MILAN, May 21- Italy's borrowing costs surged further on Monday and its stock market touched six-week lows as two anti-establishment parties that plan to ramp up spending appeared set to form a coalition government. The prospect of a spendthrift government taking shape in Italy, the euro...
LONDON— A court has dismissed charges against Barclays relating to its emergency fundraising from Qatar at the height of the financial crisis. The Serious Fraud Office had accused Barclays over a 2008 deal to give to Qatar Holding LLC a $3 billion loan that was then used to invest in the bank, saving it from a government bailout. Prosecutors had also accused...
*Italian yields soar; Italy- Spain yield gap widest in six years. LONDON/ MILAN, May 21- Italy's borrowing costs surged further on Monday and its stock market touched six-week lows as two anti-establishment parties that plan to ramp up spending appeared set to form a coalition government. The prospect of a spendthrift government taking shape in Italy, the euro...
True, the London Metal Exchange price has retreated from April's three-year high of $16,690 as panic that U.S. sanctions on Russia might be extended to Norilsk Nickel has dissipated. In China the Shanghai Futures Exchange contract largely ignored London's Russian jitters but has also just notched up its highest trading level in three years.
LONDON— Britain's government says it does not intend to refer U.S. media conglomerate Comcast's 22 billion pound takeover offer for London- based Sky to competition authorities, saying the proposed merger doesn't raise concerns on public interest grounds. Culture Secretary Matt Hancock says he's "reviewed the relevant evidence" and that he is "minded not to...
