Tuesday, January 16, 2018

BP to Book $1.7 Billion Charge for Deepwater Horizon Claims

BP’s fourth-quarter profits are under threat from multibillion-dollar charges related to the company’s fatal blowout in the Gulf of Mexico eight years ago and changes to the U.S. corporate tax rate.

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Monday, January 15, 2018

Shell Bids a Long Goodbye to Middle Eastern Oil

Royal Dutch Shell is giving up on its last oil fields in Iraq, leaving the world’s second-biggest oil company with a dwindling footprint in the Middle East—a region it helped build into a petroleum powerhouse.

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Airbus Boss Takes Aim at Trump's Trade Stance

Airbus SE Chief Executive Tom Enders has flatly accused the Trump administration of protectionism, while criticizing rival Boeing Co. for exploiting such sentiments.

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Platinum, Clinging to its Status as a Top Precious Metal, Faces a Crisis

With industrial uses on the wane, producers are cutting jobs, selling assets and spending millions of dollars in advertising. Their Hail Mary is to entice a new generation of jewelry buyers to switch from gold.

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Fiat Chrysler CEO Rules Out Selling Brands or Splitting Up Company

CEO Sergio Marchionne said Monday he has no plans to sell its Jeep business or split up the company, cooling speculation but leaving the company’s long-term strategy unclear.

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Greece's Parliament Votes on Another Bailout Reform Package

Greece’s parliament voted on dozens of fiscal, labor and energy reforms, as the government seeks to wrap up the current review of its bailout program, leaving just one inspection before the end of the country’s bailout regime after eight years.

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Global Economy Week Ahead: China GDP, Fed's Beige Book, Bank of Canada Rate Decision

This week features the Federal Reserve’s beige book report on economic conditions in the U.S., interest-rate decisions from the Bank of Canada and Bank of Korea, and a reading on China’s fourth-quarter gross domestic product.

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