Posted by editor on March 29, 2017

U.S. President Donald Trump's administration has billed his move to reopen federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows that coal miners with the most to gain already have enough leases in hand to last well over a decade.

Trump signed a decree on Tuesday to reverse former President Barack Obama's 2016 ban on new federal coal leases, part of a wide-ranging executive order to sweep away green regulations his administration says have hobbled the drilling and mining industries.

Posted by editor on March 28, 2017

China Southern Airlines Co Ltd (HK:1055) (SS:600029) said on Tuesday it will sell a small stake to American Airlines Group Inc (O:AAL) in a $200 million deal that will give the carriers better access to the world's two largest travel markets.

China Southern will issue new shares worth HK$1.55 billion ($199.6 million) to American Airlines, making American the second U.S. carrier to own part of a Chinese airline after Delta Air Lines Inc (N:DAL) bought 3.55 percent of China Eastern Airlines Corp <6000115.SS> (HK:0670) for $450 million in 2015.

Posted by editor on March 27, 2017

 British banks need to prepare for a wide range of potential outcomes and avoid sudden changes to lending as the country gets ready to leave the European Union, Bank of England policymakers said on Monday.

Just two days before Prime Minister Theresa May plans to formally notify the European Union that Britain is ready to start two years of exit talks, the central bank said banks will have to provide copies of contingency plans to reassure regulators that they are ready for "a range of possible outcomes".

Posted by editor on March 23, 2017

The dollar gained against the yen in Asia on Thursday as investors looked ahead to a key test of Republican control of Congress and the presidency with the fate of a healthcare bill due for a vote.

USD/JPY changed hands at 111.43, up 0.24%, while AUD/USD traded at 0.7653, down 0.31%.

Earlier, the Reserve Bank of New Zealand held rates steady as expected at a record low 1.75% on Thursday, and said policy would retain an easing bias. NZD/USD traded at 0.7035, down 0.11%

Posted by editor on March 22, 2017

Crude prices fell in Asia on Wednesday after industry estimates showed a sharp gain in U.S. inventories.

On the New York Mercantile Exchange crude futures for May delivery fell 0.23% to $48.13 a barrel, while on London's Intercontinental Exchange, Brent was last quoted at $50.85 a barrel.

Crude stocks rose by 4.53 million barrels at the end of last week, the American Petroleum Institute (API) reported on Tuesday, a larger than expected build, while gasoline inventories dropped by a more than expected 4.93 million barrels and distillates fell by 880,000 barrels.

Posted by editor on March 21, 2017

HONG KONG (Reuters) - Apple Inc (O:AAPL) chief executive Tim Cook paid a visit to Chinese bike-sharing company ofo on Tuesday, as the country

Posted by editor on March 20, 2017

BADEN BADEN, Germany (Reuters) - Wary of their first official encounter with U.S. President Donald Trump's blustery trade agenda, the world's top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend.

But they yielded ground to the newcomer's push for the Group of 20 major economies to abandon a decade-old pledge to resist protectionism and to delete communique language on financing the fight against climate change.

Posted by editor on March 20, 2017

New Zealand has expelled an attache at the U.S. Embassy after Washington declined to waive his right to diplomatic immunity after an "incident" which gave him a broken nose and a black eye, media and authorities said.

New Zealand police said they responded to the incident near the capital Wellington on March 12 involving an employee of the U.S. Embassy. They did not say what work the employee did or give any other details.

The U.S. government later declined a police request to waive the employee's diplomatic immunity, the New Zealand Foreign Ministry said on Monday.

Posted by editor on March 20, 2017

Greek tax service employees took their protest against bailout-driven austerity to the heart of government on Monday, as Athens waits to hear if its reform plans are enough to satisfy euro zone finance ministers meeting in Brussels.

A large, three-floor high banner that read 'stop austerity' was hung by the tax officers' union on the facade of the finance ministry's headquarters in central Athens.


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