The latest on developments in financial markets:. Newfield Exploration was up 1.6 percent shortly after the opening bell Wednesday. U.S. crude oil rose 1.6 percent as reports circulated that OPEC might extend its production cuts.
LONDON, Nov 22- Britain slashed its growth forecasts for its Brexit-bound economy and expects to borrow a lot more going into the next decade, finance minister Philip Hammond said on Wednesday as he delivered a gloomy budget statement in parliament. He also committed 44 billion pounds to provide funding, loans and guarantees over five years in a bid to deliver...
Nov 22- Wall Street's main indexes opened little changed on Wednesday, but the Nasdaq eked out enough gains to hit another record high as technology stocks continued to power the markets. The Dow Jones Industrial Average rose 3.3 points, or 0.01 percent, to 23,594.13. The S&P 500 gained 0.79 points, or 0.03 percent, to 2,599.82.
NEW YORK— Slowly, but surely, being a saver is paying off again. The big publicly traded banks are paying roughly 0.40 percent on their deposits right now, which is up from 0.24 percent two years ago, according to an October report from Autonomous Research after the major banks reported their quarterly results. "We have been waiting for this to happen for a while now,"...
TORONTO, Nov 22- Canada's main stock index rose in early trade on Wednesday, with energy stocks gaining as U.S. crude prices hit highs last seen in July 2015. The Toronto Stock Exchange's S&P/TSX composite index was up 40.63 points, or 0.25 percent, at 16,117.28 shortly after the open. Five of its 10 main sectors were higher.
GENEVA- SWEDISH PRIME MINISTER LOFVEN SAYS HE WANTS TO SEE BREXIT TALKS MOVE TO NEXT STAGE IN DECEMBER BUT CANNOT DO THAT WITHOUT COMMITMENTS THAT WE WANT, ESPECIALLY ON FINANCE.
QATARI ENERGY MINISTER SAYS MAX NATURAL GAS OVERSUPPLY EXPECTED AROUND 2020, WITH SUPPLY SURPASSING DEMAND BY ABOUT 7 PCT.
VENEZUELA'S PDVSA IN TALKS WITH CURACAO GOVT TO CONVERT 335,000- BPD ISLA REFINERY INTO CRUDE UPGRADER; ALSO NEGOTIATING GAS SUPPLY CONTRACT.
VENEZUELA'S PDVSA NEW GAS CONTRACTS WOULD ALLOW PDVSA TO EXPORT OVER 610 MLN CUBIC FEET PER DAY.
VENEZUELA'S PDVSA IN TALKS TO SIGN THREE GAS SUPPLY CONTRACTS TO COLOMBIA, TRINIDAD AND ARUBA- COMPANY VICE PRESIDENT.
LONDON, Nov 22- Collapsed airline Monarch has won an appeal against a court decision that had stripped them of their rights over valuable airport slots, administrators KPMG said on Wednesday. The ruling is a boost for the administrators, who hope to raise capital by transferring the slots at airports such as London's Gatwick and Luton airports to other airlines.
SECAUCUS, N.J. _ Eros International PLC on Wednesday reported a loss of $1.9 million in its fiscal second quarter. The Secaucus, New Jersey- based company said it had a loss of 3 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
NEW YORK, Nov 22- U.S. Treasury yields were steady on Wednesday before the Federal Reserve is due to release minutes from its latest meeting, with trading volumes seen subdued before Thursdays Thanksgiving holiday. The expectation for a move in December is very solid, said Lou Brien, a market strategist at DRW Trading in Chicago.
SANTA CRUZ, Bolivia, Nov 22- Qatar's energy minister, Mohammed al-Sada, said on Wednesday he expects oversupply of liquefied natural gas in the coming years due to increased production, but the market should tighten after 2025..
Whitman, one the most high-profile executives in the United States, said on Tuesday she would quit as CEO in February and hand over the reins to company veteran Antonio Neri. "We are surprised by the timing of the CEO transition given commentary at the recent analyst day that seemed to imply a CEO transition was not in the offing," BMO Capital Markets analyst Tim Long...
COLLAPSED AIRLINE MONARCH HAS WON APPEAL AGAINST COURT DECISION TO STRIP THEM OF AIRPORT SLOTS- ADMINISTRATORS KPMG.
ISTANBUL, Nov 22- Turkish Deputy Prime Minister Mehmet Simsek on Wednesday attempted to talk up a lira currency that has hit record lows for two days running, telling investors that a widening rift with the United States was "temporary". Ankara has described the case as a "clear plot against Turkey", and has accused the U.S. prosecutors of having links to the cleric it...
Stock and bond markets closed for Thanksgiving Day.
*U.S. crude hits $58 for the first time since July 2015. Trading volumes were thin ahead of the Thanksgiving holiday on Thursday and an early close on Friday, but investors will scrutinize the minutes for Fed's thinking on inflation for more clarity on what it might do under a new chair next year. "On this eve of Thanksgiving, the market is attempting to maintain an...
WASHINGTON, Nov 22- New orders for key U.S.-made capital goods unexpectedly fell in October after three straight months of hefty gains, but a sustained increase in shipments pointed to robust business investment and economic momentum as the year winds down. The Commerce Department said orders for non-defense capital goods excluding aircraft, a closely...