Business & Finance News
If OPEC and its allies led by Russia agree to reduce oil output next year by reverting to 2016 production quotas, it would imply an OPEC-only supply curb of at least 1.2 million barrels per day (bpd), according to Reuters calculations.
Yum Brands Inc on Wednesday said it expects same-store sales growth in the range of 2 percent to 3 percent for fiscal 2019, betting on strong sales at its KFC and Taco Bell chains.
Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and need to prioritize exports, according to internal documents seen by Reuters.
French drugmaker Sanofi told unions on Wednesday it was planning to cut 670 jobs in France, a union representative told Reuters.
Oil prices rose more than 1 percent on Wednesday ahead of a meeting of the world’s biggest exporters who will discuss cutting output to help shore up prices and curb excess supply.
A key monitoring committee of OPEC and its allies, including Russia, agreed on Wednesday on the need to cut oil output in 2019, two sources familiar with the decision said, adding that debates about volumes and the baseline for cuts were ongoing.
Britain’s Barclays expects to have grown its Swiss private banking business by more than 10 percent this year and is looking to expand further in Switzerland in 2019.
Alphabet’s Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares.
U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.
Takeda Pharmaceutical has won shareholder approval for its $59 billion takeover of London-listed Shire , creating a global powerhouse that has a stronger drugs pipeline but is also saddled with massive debt.
American International Group Inc has racked up an estimated $750 million to $800 million in catastrophe losses so far during the 2018 fourth quarter, its chief executive officer said on Wednesday.
Oil rose on Wednesday ahead of a meeting of the world’s biggest exporters who will discuss cutting output to help shore up prices and curb excess supply.
In a vast warehouse complex 40 miles north of London, staff are wrestling with ways to cram in more goods after a surge in demand from companies building stockpiles ahead of Brexit.
Russian oil producer Gazprom Neft will keep its plan to raise oil output by 50,000 barrels per day in 2019 regardless of the outcome of talks between OPEC and other oil producers, Alexander Dyukov, the company’s head, said on Wednesday.
OPEC and its allies led by Russia are discussing the idea of cutting oil output next year by reverting to production quotas agreed in 2016, Russia’s TASS news agency reported on Wednesday,
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