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  • US bank earnings in Q2 climbed 1.4 percent to $43.6B Associated Press - 1 hour 14 minutes ago
    This Wednesday, Aug. 17, 2016, photo, shows a Chase Bank branch in North Miami Beach, Fla. On Tuesday, Aug. 30, the Federal Deposit Insurance Corp. releases U.S. bank industry earnings for the second quarter. (AP Photo/Wilfredo Lee)

    WASHINGTON (AP) — U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income.

  • People work at the Halfaya oilfield in Amara, southeast of Baghdad

    Iraq would support a decision by OPEC to freeze oil output to prop up prices, Iraqi Prime Minister Haider al-Abadi told a news conference in Baghdad on Tuesday. "We are with freezing production at the OPEC meeting," he said, in the clearest indication yet about the position Iraq will support when the oil exporters' group …

  • Saudi Arabia signed 15 preliminary agreements with China on Tuesday in sectors from energy to housing on a trip headed by Deputy Crown Prince Mohammed bin Salman aimed at bolstering relations with a top energy customer and trade partner. The visit is part of a broad reform drive championed by the powerful prince to cut …

  • Royal Dutch Shell's first oil field sale after its $54 billion (41.25 billion pounds) BG Group acquisition bodes well for its disposal talks in the North Sea, Gabon and New Zealand, according to sources, signalling buyers will meet its expectations on value. The $425 million deal in the Gulf of Mexico is welcome news for …

  • An offshore oil platform is seen at the Bouri Oil Field off the coast of Libya

    Oil prices fell for a second day in a row on Tuesday as the dollar rose on stronger U.S. economic data, but the downside was limited by production suspensions in the U.S. Gulf due to an expected tropical storm. U.S. West Texas Intermediate (WTI) crude slid 20 cents, or 0.4 percent, to $46.78. The dollar index, which measures …

  • Grain lower, livestock mixed Associated Press - 2 hours 32 minutes ago

    Grain futures were lower Tuesonday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was 1.50 cents higher at $3.7220 a bushel; Sept. corn was 2 cents lower at $3.0960 bushel; Sept. ...

  • British housebuilder Berkeley Group could be kicked out of the top UK equity index following a sharp drop in its stock price on concerns about the pace of economic growth in Britain after it voted to leave the European Union. Berkeley shares have slumped nearly 30 percent so far this year, against a 10 percent gain for …

  • Gold slips as focus shifts to U.S. payrolls data Reuters - 2 hours 55 minutes ago
    One-gram gold bars are displayed at the annual meeting of German Sparkasse savings banks in Duesseldorf

    Gold fell on Tuesday after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar, while attention turned to U.S. payrolls data this week for further clues on the pace of rate hikes. Fed Chair Janet Yellen said on Friday the case for higher rates was strengthening, though she gave little …

  • KAMPALA, Uganda (AP) — Uganda's government on Tuesday issued eight oil production licenses to two foreign companies, moving the East African country closer to becoming a producer of crude.

  • A woman is reflected in a glass door of the Rio Tinto Limited Shanghai Representative Office

    India will auction a diamond project that global miner Rio Tinto is abandoning, or allocate it to a state firm, the mines secretary said on Tuesday, adding that the government would move fast to tap the resource. The Bunder deposit, about 500 km (300 miles) southeast of New Delhi and discovered by Rio Tinto in 2004, is …

  • People walk through Mall of Berlin shopping centre during its opening night in Berlin

    German annual inflation slowed unexpectedly in August, preliminary data showed on Tuesday, suggesting price pressures in Europe's largest economy remain weak despite the European Central Bank's ultra-loose monetary policy. The euro zone has struggled with little or no inflation for the past year, caused mainly by a plunge …

  • * Palm records first gain in four sessions * Market up on stronger exports forecast - Trader * Cargo surveyor export data scheduled for Thursday release (Updates latest prices) By Emily Chow KUALA LUMPUR, ...

  • Euro coins are seen in front of displayed flag and map of European Union in this picture illustration taken in Zenica

    Economic sentiment in the 19 countries sharing the euro fell in August to its lowest level since March, a further indication that morale is weakening after Britain voted to leave the European Union. The European Commission's euro zone Economic Sentiment Indicator (ESI) fell to 103.5 in August from 104.5 in July, its lowest …

  • ** Tokio Marine Holdings Inc is in exclusive talks to buy RHB Bank's general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer's products through the Malaysian lender, people familiar with the matter told Reuters. ** The Philippines' Court of Appeals said it has halted the competition …

  • KAMPALA (Reuters) - Uganda granted on Tuesday eight production licences to France's Total (TOTF.PA) and UK-listed explorer Tullow Oil (TLW.L), clearing a major hurdle as the east African country seeks ...

  • (Reuters) - British oilfield services company Petrofac Ltd (PFC.L) on Tuesday named former BG Group executive Alastair Cochran as its finance head. Alastair Cochran, who oversaw BG's integration with oil ...

  • A worker checks the valves at Al-Sheiba oil refinery in the southern Iraq city of Basra

    Oil prices settled down more than 1 percent on Monday, snapping two consecutive days of gains, on renewed concerns about an oil glut, a stronger dollar and expectations that Nigerian rebels will stop hampering that country's crude output.

  • Markets-At-A-Glance Associated Press - 15 hours ago

    A snapshot of major stock and commodities market indicators Monday: 2,162 advances, 822 declines Most Active: Bank of America 15.84 +0.05 Comp Sales: 2,590,333,786 Arca Comp Sales: 819,580,249 1,757 advances, ...

  • Business Highlights Associated Press - 18 hours ago

    ___ Mylan launching cheaper, generic version of EpiPen The maker of EpiPens will start selling a cheaper, generic version of the emergency allergy shots as the furor over repeated U.S. price hikes continues ...

  • A traffic light shines red near the HSBC bank logo in Paris

    A senior HSBC Holdings Plc executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion (2.67 billion pounds) currency transaction by one of the bank's clients. The plea on wire fraud and conspiracy charges by Mark Johnson, a British citizen who at the time of …

  • A Friday, Aug. 5, 2016 photo shows land in West Jordan, Utah, that may be purchased by FaceBook for a data center. The race between the small town of Los Lunas in New Mexico and the Salt Lake City suburb of West Jordan to entice a new Facebook data center with millions in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few local jobs. (Scott G Winterton/Deseret News via AP)

    SALT LAKE CITY (AP) — The race between a small town on the Rio Grande in New Mexico and a Salt Lake City suburb to entice a new Facebook data center with millions of dollars in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few local job …

  • A Shell logo is seen on a pump at a petrol station in London

    Houston-based EnVen plans to buy the Brutus/Glider assets, which include a subsea production system, and the deal is expected to close in October. The Brutus/Glider assets have a combined current production estimate of about 25,000 barrels of oil equivalent per day (boe/d), which is about 4 percent of Shell's total production. …

  • Figures on government spending and debt Associated Press - 20 hours ago

    Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.

  • Traders work on the floor of the New York Stock Exchange (NYSE) in New York City

    By Sam Forgione NEW YORK (Reuters) - U.S. stock markets climbed on Monday while European share markets slipped in the wake of comments by top Federal Reserve officials that bolstered expectations for an ...

  • Coloradans probably won't get a chance to vote on whether to impose tougher restrictions on the oil and gas industry in November because two proposed ballot measures failed to get enough signatures to ...

  • A worker places gold coins on display at Hatton Garden Metals precious metal dealers in London

    NEW YORK/LONDON (Reuters) - Gold rebounded from a near five-week low as the dollar dropped on Monday, shrugging off earlier pressure by top Federal Reserve officials' comments fuelling speculation that U.S. interest rates would rise sooner rather than later. Speaking at a meeting of leading central bankers in Jackson Hole, …

  • The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell's chief energy adviser Wim Thomas told Reuters. The potential return to the market of some 1.5 million barrels per day of supply from Libya and Nigeria and uncertainty about Iranian and Iraqi …

  • The company logo of Statoil is seen during a company results presentation in London

    ** Says: "If you look at the acquisition and divestment markets for upstream oil and gas on a global basis over the last five years, they have been falling to all-time lows... but there are a number of active spots, one of those is in certain parts of North American shale and you've seen us divesting some parts there to …

  • Aeroflot flies back into black AFP - Mon, Aug 29, 2016 15:25 BST
    Aeroflot flies back into black

    The majority state-controlled company posted a net profit of 2.5 billion rubles for the first half of the year

  • East Timor, Australia open talks on maritime border dispute Associated Press - Mon, Aug 29, 2016 14:09 BST
    FILE - In this March 24, 2016 file photo, a protester holds a poster during a rally outside the Australian Embassy in Jakarta, Indonesia as dozens of people show their support to East Timor in the dispute over oil and gas revenue-sharing between the two countries. East Timor and Australia opened conciliation talks Monday, Aug. 29 in their bitter legal battle to set a permanent maritime boundary that will carve up billions of dollars in oil and gas reserves underneath the seabed. (AP Photo/Dita Alangkara, File)

    THE HAGUE, Netherlands (AP) — East Timor and Australia opened conciliation talks Monday in their bitter legal battle to set a permanent maritime boundary that will carve up billions of dollars in oil and gas reserves underneath the seabed.

  • Customers wait at an Air Asia ticket counter at Kuala Lumpur International Airport in Sepang, Malaysia

    KUALA LUMPUR/SINGAPORE (Reuters) - AirAsia Bhd, Asia's biggest budget airline, reported a 41 percent surge in second-quarter profit on Monday as it benefited from stronger demand and lower fuel costs. "In Malaysia, demand remains extremely robust and we foresee this to improve in the coming quarters as consumer sentiment …

  • KUALA LUMPUR/SINGAPORE, Aug 29 (Reuters) - AirAsia Bhd , Asia's biggest budget airline, reported a 41 percent surge in second-quarter profit on Monday as it benefited from stronger demand and lower fuel costs. "In Malaysia, demand remains extremely robust and we foresee this to improve in the coming quarters as consumer …

  • Patel attends a news conference after the bi-monthly monetary policy review in Mumbai

    Indian monetary policy is likely to stay broadly unchanged when Urjit Patel takes over as Reserve Bank of India governor, according to a Reuters poll, but his approach to cleaning up public banks' bad debts could be less stringent. Currently a deputy governor in charge of monetary policy, Patel will become RBI governor …

  • * Palm records third consecutive session of declines * Market hits intraday low of 2,512 rgt/T, lowest since Aug. 12 * Market weighed by lower crude, correction - Traders (Updates latest prices, quote) ...

  • Australia's richest woman Gina Rinehart is partnering with Chinese developer Shanghai CRED to bid for S. Kidman & Co, the country's largest private land holding, a source close to the sales process said on Monday. Rinehart's participation in a bid for the Kidman properties may finally induce Australia's government to approve …

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