|Bid||7,930.00 x 0|
|Ask||7,990.00 x 0|
|Day's range||7,880.00 - 7,980.00|
|52-week range||7,400.00 - 10,950.00|
|PE ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
US authorities have agreed to the $43 billion takeover of Swiss pesticide giant Syngenta (IOB: 0QOP.IL - news) by state-owned ChemChina, marking the biggest overseas acquisition by a Chinese firm. The move lays the path for what would be the latest in a string of foreign investments by Chinese firms fuelled by Beijing's call for its companies to "go out" and expand. It also comes days before a meeting between China's President Xi Jinping and Donald Trump, who has castigated China over its huge trade surplus with the US and warned its companies are putting American jobs in danger.
Production at the UK's North Sea Buzzard oilfield has fallen slightly after a technical glitch, three trading sources said on Thursday. One source said that output was down by about 20,000 barrels per day (bpd) as of Thursday morning, while another said the outage was up to 30,000 bpd. Buzzard produces about 180,000 barrels per day (bpd) and is the largest contributor to the Forties crude oil stream, one of four grades of oil that underpin the dated Brent benchmark.
UK industrial production fell at its fastest rate in more than four years in October, according to official figures. The Office for National Statistics (ONS) measured a 1.3% decline month-on-month, citing the temporary closure of the major Buzzard oilfield in the North Sea and lower factory output, particularly among pharmaceutical firms. Buzzard was shut down for routine maintenance and while the lack of pumping is a blip in the figures it contributed to a 1.1% fall in industrial production over the 12 months.