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Refiners get taste of post-IMO world with gasoline/diesel imbalance

Mon, 11/19/2018 - 09:45
Refineries around the world are squeezing out every last drop of diesel while drowning in gasoline, in what could well become the new normal for the next few years.

UK PM May sticks to Brexit deal as opponents seek formal challenge

Mon, 11/19/2018 - 09:42
British Prime Minister Theresa May vowed on Monday to stick to her draft European Union divorce deal as dissenting lawmakers in her own party tried to trigger a leadership challenge.

Wall Street opens lower on Apple concerns, trade uncertainties

Mon, 11/19/2018 - 09:38
U.S. stocks opened lower on Monday as shares of Apple and its suppliers were hit by ongoing concerns of slowing demand for iPhones, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.

EU's Barnier says draft Brexit deal is 'fair and balanced'

Mon, 11/19/2018 - 09:34
The European Union's Brexit negotiator Michel Barnier said on Monday the draft Brexit deal reached with London was "fair and balanced", as the bloc haggled with Britain over any extension to the envisaged transition period.

Yemeni Houthis halt missile attacks on Saudi coalition, raising peace prospects

Mon, 11/19/2018 - 09:31
Houthi rebels in Yemen said on Monday they were halting drone and missile attacks on Saudi Arabia, the United Arab Emirates and their Yemeni allies, responding to a demand from the United Nations.

Nissan's Ghosn arrested in Japan for alleged financial misconduct

Mon, 11/19/2018 - 09:29
Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a charismatic leader hailed for rescuing the Japanese carmaker from close to bankruptcy.

GE brings back former executive to troubled power business

Mon, 11/19/2018 - 09:16
General Electric Co is bringing back former vice chairman John Rice to the conglomerate as chairman of its revamped gas power business, the company said on Monday.

U.N. envoy to Yemen welcomes Houthis' decision to halt missile attacks: tweet

Mon, 11/19/2018 - 09:10
The U.N. special envoy to Yemen welcomed the Houthis' announcement to halt drone and missile strikes on the Saudi coalition, his office said on Monday.

Rouhani says Iran to continue oil exports and resist U.S. economic war

Mon, 11/19/2018 - 09:06
Iran will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said on Monday.

EU open to Iran sanctions over foiled Danish, French plots: diplomats

Mon, 11/19/2018 - 09:06
European Union foreign ministers agreed on Monday to consider economic sanctions on Iranian nationals over alleged assassination plots in Denmark and France, two diplomats said.

Russia accuses Kremlin critic Browder of ordering lawyer's murder

Mon, 11/19/2018 - 08:56
Russian prosecutors said on Monday they suspected Kremlin critic Bill Browder of ordering the murder of a lawyer whose memory he has championed, but he dismissed the accusation as a cynical ploy to tar him for lobbying for sanctions on Moscow.

Danske Bank whistleblower says European bank handled $150 billion of payments

Mon, 11/19/2018 - 08:52
The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European lender helped process up to $150 billion in suspicious payments and two U.S. banks were also involved.

Global stocks struggle higher, dollar sapped by rate hike uncertainty

Mon, 11/19/2018 - 08:47
World shares struggled higher on Monday amid conflicting signals of a potential truce in the China-U.S. trade dispute, while the Federal Reserve's new-found concerns over the global economy sapped the dollar.

Close to 1,000 still missing after deadliest California wildfire

Mon, 11/19/2018 - 08:43
Emergency services on Sunday sifted through the charred wreckage of California's deadliest ever wildfire, searching for signs of nearly 1,000 people believed still missing as crews made progress in bringing the blaze under control.

Some California wildfire victims may never be found: searcher

Mon, 11/19/2018 - 08:43
(Editor's Note: Please be advised this story contains details that may upset some readers)

Nissan CEO to propose board oust Ghosn on Thursday

Mon, 11/19/2018 - 08:27
Nissan Nissan Motor Co Ltd CEO Hiroto Saikawa said he would propose removing Chairman Carlos Ghosn at a board meeting on Thursday, citing serious and unacceptable incidents of financial misconduct.

Explainer: Danske Bank's 200 billion euro money laundering scandal

Mon, 11/19/2018 - 08:24
Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark's biggest bank to the problem, testified before the Danish parliament on Monday.

Germany's Weber says draft Brexit deal will not be renegotiated

Mon, 11/19/2018 - 08:14
German conservative Manfred Weber, who is running to take over the European Union's top job next year, said on Monday that the draft Brexit deal would not be renegotiated and the ball was now in Britain's court.

Oil steadies as market prices in expectations of OPEC supply cut

Mon, 11/19/2018 - 07:59
Oil steadied on Monday, having gained in the previous three sessions from the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the year-end.

France's Macron vows to maintain Renault-Nissan stability

Mon, 11/19/2018 - 07:50
France will work to preserve the stability of Renault and its alliance with Nissan , President Emmanuel Macron said on Monday, after the Japanese carmaker took steps to oust Chairman Carlos Ghosn over alleged financial irregularities.