Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group’s de facto leader Saudi Arabia and marring efforts to show unity before this week’s meeting of exporters to tackle an oil price slide.
A truce between U.S. and Chinese leaders on trade tariffs provided boosted global markets on Monday, fuelling a nearly one percent surge on world stocks and pushing emerging currencies higher against the dollar.
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.
Albert Frere, a veteran dealmaker whose impeccable business timing made him Belgium’s richest man, died on Monday at the age of 92, the firm he built, Groupe Bruxelles Lambert (GBL), said.
U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW and Daimler AG who manufacture in the United States for export to the world’s biggest auto market.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to agree to cut supply.
Bank of America finished moving its banking and markets operations in Europe to a new base in Dublin from London, the bank said on Monday, after it received all necessary regulatory and court approvals.
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week, saying the decision meant Doha could focus on cementing its position as the world’s top liquefied natural gas (LNG) exporter.
Nestle Chairman Paul Bulcke said the food giant’s stake in French cosmetics firm L’Oreal was “something active on the board’s agenda” in an interview with the Financial Times published on Monday that could trigger a fresh round of speculation.
China’s foreign ministry said on Monday that the Chinese and U.S. presidents instructed their economic teams to work toward removing all tariffs, following a meeting in Argentina where the two leaders agreed to a truce in their trade war.
Oil prices soared by more than 4 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.
U.S. President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China.
Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the country’s energy minister said on Monday.
U.S. chipmaker Qualcomm Inc rejected a suggestion by the White House that its collapsed $44 billion acquisition of Dutch peer NXP Semiconductors could be revived, saying the deal had been terminated as the deadline had expired.
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