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NEW YORK/LONDON/MELBOURNE/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Europe’s largest airline boosted its 737 MAX order from Boeing to 210, adding 75 aircraft, the U.S.-based manufacturer said on Thursday. And if Ryanair proves to have been too ambitious, it can prolong delivery and payment to Boeing. Richard’s bid gives Orange Belgium an enterprise value of nearly 1.6 billion euros, including its estimated 274 million euros of debt. But global luxury sales will still be between $40 billion and $80 billion below pre-pandemic levels next year, says McKinsey.
Persons: Angus Mordant, Robert Cyran, Boeing’s, it’s, can’t, Lauren Silva Laughlin, Brent, George Hay, Richard, Franco, Patrick Drahi, Drahi’s, Ed Cropley, Valery Giscard d’Estaing, Francois Mitterrand, Giscard, Tom Wolfe’s, Sherman McCoy, “ Giscards, Christopher Thompson, Peter Jackson, Draftkings, Jackson, Liam Proud, Morgan Stanley, Aimee Donnellan, What’s, Alan Joyce, Joyce, Jeffrey Goldfarb, won’t, Lisa Jucca, Ackman’s, Neil Unmack Organizations: Reuters, Corona, REUTERS, Chevron, Boeing, Exxon Mobil, Ryanair, SCORE, of, Petroleum, Saudi, United Arab Emirates, U.S, drillers, Paris, Orange, FRANCE, Socialist, United, Portland Estates, Qantas Airways, Qantas, Norwegian Air Shuttle, Middle, McKinsey, Barclays, Diageo, Pershing Square Holdings, Euronext Amsterdam, London Stock Exchange Locations: MELBOURNE, MILAN, Loving County , Texas, U.S, Europe’s, Russia, Saudi Arabia, UAE, ORANGE, France, Belgium, Brussels, Belgian, Orange Belgium, Amsterdam, , American, Dublin, confinements, United Kingdom, Germany, Italy, Spain, Portland, Paris, London, Oslo, China, Middle Kingdom, Europe
Analysis: UAE’s oil expansion gives it new weight within OPEC
  + stars: | 2020-12-03 | by ( Rania El Gamal | ) www.reuters.com + 0.00   time to read: +6 min
The group had been widely expected to roll over those production cuts of 7.7 million bpd into January-March 2021 amid a resurgent COVID-19 pandemic. Abu Dhabi is cutting around 33% of its output potential, pumping 2.59 million bpd, down from around 3.9 million bpd before the OPEC+ supply cut deal was reached in April, according to OPEC and industry data. ADNOC, meanwhile, had boosted its oil production capacity to over 4 million bpd from around 3.5 million bpd in 2018, and plans to grow it further to 5 million by 2030. Since 2016, ADNOC has expanded its oil production concessions agreements, striking partnerships with new oil companies in Asia and Europe, and awarding oil and gas exploration deals for the first time. “It is not clear how OPEC oil cuts are going to impact Murban trading because ADNOC will need to commit certain oil volumes to trade freely on the market,” said one source briefed on the matter.
Persons: Christopher Pike, Abu Dhabi’s, , Ayham Kamel, , Biden, ADNOC, Abu Dhabi Organizations: Reuters, United, United Arab Emirates, REUTERS, UAE, OPEC, of, Petroleum Locations: DUBAI, Emirates, Saudi Arabia, Ruwais, United Arab, UAE, Kuwait, Riyadh, Saudi, Eurasia, “ Abu Dhabi, Russia, Abu Dhabi, Asia, Europe, BlackRock, OPEC, Abu
Oil steady as OPEC+ works on compromise on output deal
  + stars: | 2020-12-03 | by ( Scott Disavino | ) www.reuters.com + 0.00   time to read: +2 min
NEW YORK (Reuters) - Oil prices held steady on Thursday as the market waited for direction from the OPEC+ producers, including Saudi Arabia and Russia, that are debating whether to increase output from January. Oil prices lost some gains this week as negotiations within the OPEC+ group did not prove to be as smooth as expected,” said Rystad Energy’s head of oil markets Bjornar Tonhaugen. OPEC+ had been widely expected to roll over oil cuts of 7.7 million bpd, or 8% of global supplies, at least until March 2021. “It is still expected that the group will come to a deal,” ING Economics said in a note. [EIA/S]The United States, meanwhile, imposed fresh Iran-related sanctions, blacklisting an entity and an individual as Washington continues to ramp up pressure on Tehran during U.S. President Donald Trump’s final months in office.
Persons: Umar, Essam, Brent, WTI, , Rystad, Pfizer Inc’s, Donald Trump’s Organizations: YORK, REUTERS, U.S, West Texas, of, Petroleum, OPEC, ING, Pfizer, Pfizer Inc’s COVID, Energy Information Administration Locations: Saudi Arabia, Russia, Nahr, Basra, Iraq, OPEC, Britain, United States, Iran, Washington, Tehran, U.S
Brent rises to highest since March after OPEC+ output cut deal
  + stars: | 2020-12-03 | by ( Scott Disavino | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - Global benchmark Brent crude prices rose 1% to their highest since early March on Thursday on renewed hopes for a U.S. stimulus deal and after major oil producers agreed to increase output by a modest 500,000 barrels per day (bpd) from January. OPEC+ had been expected to extend existing cuts until at least March, after backing down from earlier plans to boost output by 2 million bpd. That is the highest settle for Brent since March 5 - before most countries imposed lockdowns to stop the spread of coronavirus. [EIA/S]“With U.S. oil output on the rise, OPEC+ couldn’t allow the Americans to win market share at their expense,” said Edward Moya, senior market analyst at OANDA in New York. Monthly meetings by OPEC+ will make price moves more volatile and complicate hedging by U.S. oil producers.
Persons: Umar, Essam, , Paola Rodriguez, Brent, Robert Yawger, Edward Moya, Alexander Novak, , Gary Ross Organizations: YORK, Brent, REUTERS, of, Petroleum, OPEC, Rystad Energy, U.S, West Texas, Mizuho, Republicans, U.S . Congress, Saudi Arabia, BlackGold Investors Locations: Nahr, Basra, Iraq, Russia, OPEC, Brent, Saudi, New York, Russian
Oil falls as OPEC+ resumes output cut extension talks after impasse
  + stars: | 2020-12-03 | by ( Aaron Sheldrick | Julia Payne | ) www.reuters.com sentiment -1.00   time to read: +2 min
U.S. oil fell 33 cents, or 0.73%, to $44.95 a barrel, having ended the previous session 1.6% higher. Two OPEC+ sources told Reuters on Thursday the group was leaning towards an oil cuts rollover with a gradual increase in output over the coming months. OPEC+ had been widely expected to roll over oil cuts of 7.7 million barrels per day, or 8 percent of global supplies, at least until March 2021. Gasoline stocks increased by 3.5 million barrels, while distillate inventories were up by 3.2 million barrels. Adding to international supplies, Venezuela’s crude exports almost doubled last month, according to data from the state-run PDVSA and Refinitiv Eikon.
Persons: Todd, Brent, Pfizer Inc’s Organizations: Gas, REUTERS, of, Petroleum, Reuters, OPEC, ING, Pfizer, Pfizer Inc’s COVID, Energy Information Administration Locations: Saudi Arabia, Russia, Granum , Alberta, Canada, . U.S, OPEC, Britain, United States
Oil edges up after OPEC+ agrees on output cut deal
  + stars: | 2020-12-03 | by ( Scott Disavino | ) www.reuters.com + 0.00   time to read: +2 min
“With U.S. oil output on the rise, OPEC+ couldn’t allow the Americans to win market share at their expense,” Moya added. U.S. producers boosted output last week for a third week in a row for the first time since June 2019, reaching 11.1 million bpd, according to government data. OPEC+ had been widely expected to roll over oil cuts of 7.7 million bpd, or 8% of global supplies, at least until March 2021. Four OPEC+ sources said the group would now gather every month to decide on output policies beyond January and monthly increases are unlikely to exceed 500,000 bpd. Monthly meetings by OPEC+ will make price moves more volatile and complicate hedging by U.S. oil producers.
Persons: Todd Korol, Brent, , Edward Moya, ” Moya, WTI Organizations: YORK, Gas, REUTERS, of, Petroleum, U.S, West Texas, , OPEC Locations: Russia, Granum , Alberta, Canada, OPEC, New York, U.S, Saudi Arabia
OPEC+ resumes talks on 2021 oil policy amid disagreements
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Leonhard FoegerThe group of OPEC and allies, known as OPEC+, had been widely expected to roll over existing oil cuts of 7.7 million barrels per day, or 8 percent of global supplies, at least until March 2021. Sources have said options now range from a rollover of existing policies to proposals to ease cuts by 0.5 million bpd per month from January. Energy Aspects said it understood other options include rolling over existing cuts into January and then increased production by 1 million bpd in February-March and by another 1 million bpd in April. Adding to the challenge within OPEC+, Moscow’s finances can tolerate lower oil prices than Riyadh’s. JP Morgan said in a note it estimated that additional production of 2 million bpd would cost OPEC+ $55 billion in lost revenues in 2021.
Persons: Leonhard Foeger, JP Morgan Organizations: Organization of, Petroleum, REUTERS, United Arab Emirates, OPEC Locations: Russia, Vienna, Austria, OPEC, Saudi Arabia, Iraq, Nigeria, U.S
LONDON/DUBAI/MOSCOW (Reuters) - OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week failed to yield a decision on how to tackle weak oil demand amid a second coronavirus wave, OPEC+ sources told Reuters. FILE PHOTO: A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017. OPEC+ sources have said Russia, Iraq, Nigeria and the United Arab Emirates have all to a certain extent expressed interest in supplying the market with more oil in 2021. The start of the OPEC+ meeting on Thursday was postponed by one hour until 1400 GMT, two OPEC+ sources said. Adding to the challenge within OPEC+, Moscow’s finances can tolerate lower oil prices than Riyadh’s.
Persons: Leonhard Foeger, JP Morgan Organizations: LONDON, Organization of, Petroleum, REUTERS, of, United Arab Emirates, Reuters, OPEC Locations: DUBAI, MOSCOW, Russia, Vienna, Austria, OPEC, Saudi Arabia, Iraq, Nigeria, U.S
OPEC+ agrees small oil output hike from January
  + stars: | 2020-12-03 | by ( Alex Lawler | Rania El Gamal | Olesya Astakhova | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. But after hopes for a speedy approval of anti-virus vaccines spurred an oil price rally at the end of November, several producers started questioning the need to keep such a tight rein on oil policy, as advocated by OPEC leader Saudi Arabia. OPEC+ has to strike a delicate balance between pushing up oil prices enough to help their budgets but not by so much that rival U.S. output surges. Monthly meetings by OPEC+ will make price moves more volatile and complicate hedging by U.S. oil producers. After the OPEC decision, crude prices extended gains, trading 1.2% higher at $48.83 a barrel by 1900 GMT.
Persons: Dado Ruvic, Alexander Novak Organizations: LONDON, REUTERS, of, Petroleum, United Arab Emirates Locations: DUBAI, MOSCOW, Russia, OPEC, Saudi Arabia, Iraq, Nigeria, U.S
LONDON/DUBAI/MOSCOW (Reuters) - OPEC and Russia on Thursday agreed to slightly ease their deep oil output cuts from January by 500,000 barrels per day but failed to find a compromise on a broader and longer term policy for the rest of next year. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. OPEC+ had been expected to extend existing cuts until at least March, after backing down from earlier plans to boost output by 2 million bpd. OPEC+ has to strike a delicate balance between pushing up oil prices enough to help their budgets but not by so much that rival U.S. output surges. Monthly meetings by OPEC+ will make price moves more volatile and complicate hedging by U.S. oil producers.
Persons: Dado Ruvic, Alexander Novak, ” Novak, Novak, Prince Abdulaziz bin Salman, , Prince Abdulaziz, , Gary Ross, Brent, Joe, Biden, Ross Organizations: LONDON, REUTERS, of, Petroleum, United Arab Emirates, Saudi Energy, BlackGold Investors Locations: DUBAI, MOSCOW, Russia, OPEC, Saudi Arabia, Iraq, Nigeria, U.S
Oil drops as OPEC+ resume talks on output cut extension after impasse
  + stars: | 2020-12-03 | by ( ) www.cnbc.com sentiment -1.00   time to read: +2 min
Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic. U.S. oil was down 17 cents, or 0.4%, at $45.11 a barrel, having ended 1.6% higher the previous session. Oil stocks fell by 679,000 barrels in the week to Nov. 27, by less than the 2.4 million-barrel decline forecast in a Reuters poll of analysts. Gasoline stocks increased by 3.5 million barrels, while distillate inventories were up by 3.2 million barrels. Adding to international supplies, Venezuela's crude exports almost doubled last month, according to data from the state-run PDVSA and Refinitiv Eikon.
Persons: Brent, Pfizer Inc's Organizations: of, Petroleum, OPEC, ANZ Research, Pfizer, Pfizer Inc's Covid, Energy Information Administration Locations: Saudi Arabia, Russia, . U.S, OPEC, Britain, United States
Deadlocked on oil production cuts, OPEC and its allies to resume talks
  + stars: | 2020-12-03 | by ( Sam Meredith | ) www.cnbc.com sentiment -0.99   time to read: +1 min
LONDON — OPEC and non-OPEC allies will resume talks on Thursday to iron out oil production policy for next year, seeking to build consensus over how to tackle weak demand amid a new wave of coronavirus cases. OPEC and its partners, known collectively as OPEC+, are widely expected to extend oil production cuts of 7.7 million barrels per day through to at least March 2021. However, talks were suspended on Tuesday after it became clear they had been unable to reach a compromise. Oil ministers from the 23-member group, which is composed of some of the world's largest crude producers, will reconvene for a virtual meeting from 1 p.m. London time on Thursday to try to find common ground. In April, after days of protracted talks, OPEC+ agreed to the largest single oil output cut in history.
Persons: Energy Prince Abdulaziz bin Salman Al, Saud Organizations: Saudi, Energy, LONDON, OPEC, Brent, U.S, West Texas Locations: OPEC, Riyadh, Saudi Arabia, London, Covid
FAYEZ NURELDINE/AFP/Getty ImagesSaudi Arabia's Public Investment Fund, which is among the largest in the world, seeks to raise $7 billion in loans for new investments, Bloomberg reported. seeks to raise $7 billion in loans for new investments, Bloomberg reported. The fund seeks to diversify Saudi Arabia's economy away from its dependence on oil by switching up its investment priorities. Saudi Arabia's sovereign wealth fund plans to raise $7 billion as it seeks new investments to shore up its finances against the collapse in demand for crude oil this year, Bloomberg reported on Thursday. The kingdom's $347 billion fund, known as the Public Investment Fund, has sought the participation of international banks in a US dollar revolving credit facility of between $5 billion to $7 billion, the news agency said, citing sources.
Persons: Prince Mohammed bin Salman, FAYEZ NURELDINE, PIF, Saudi's, Bloomberg, Read Organizations: Getty, Saudi, Public Investment Fund, Bloomberg, Nasdaq, Boeing, Disney, Facebook Locations: Saudi, AFP
President-elect Joe Biden is facing escalating pressure from competing factions within his own party as he finalizes his choice for secretary of defense. Nearly 100 House Democrats belong to the Progressive Caucus, which may wield significant influence over Biden's policy agenda as Democrats cling to their narrowest House majority in a century. But soon after Biden's victory, her stock seemed to slip as others, including Austin and Johnson, came into consideration. Biden, then vice president, greets US Air Force personnel at an airbase in Romania, May 20, 2014. "If he chooses the path of deal-making with Mitch McConnell, those divides within the Democratic Party will become much more apparent."
Persons: Joe Biden, Michèle Flournoy, Biden, , Jehan Hakim, Alex Wong, Lloyd Austin, Jeh Johnson, Barack Obama's, Johnson, Donald Trump, Heather Boushey, Jared Bernstein, Waleed Shahid, Shahid, Rahm Emanuel, Obama, Mike Morell, Aaron P, Bernstein, Reuters Flournoy, Hillary Clinton's, James Clyburn, Antony Blinken, Avril Haines, Vermont Sen, Bernie Sanders, Flournoy, Octav, Tammy Duckworth of, Kirsten Gillibrand, Gillibrand, David Segal, Biden's, Mitch McConnell Organizations: , Department of Defense, Associated Press, Yemeni Alliance Committee, Army, Department of Homeland Security, Austin, Democratic, Progressive Caucus, Economic, Justice, Defense Department, Commerce, Labor, Education, Interior, Obama White House, CIA, Former Homeland, House Intelligence, Reuters, Capitol Hill, South Carolina Rep, Pentagon, Liberal, WestExec Advisors, WestExec's, Yemen Relief, Reconstruction Foundation, Justice Democrats, US Air Force, AP, New, Advisers, Biden, Democratic Party Locations: WASHINGTON, American, Saudi Arabia, Yemen, Afghanistan, Congress, Vermont, Saudi, Romania, New York, America
Mohsen Fakhrizadeh, a leading figure in Iran's nuclear and missile program, was finally assassinated. The nuclear programAn Iranian woman behind a model of a nuclear reactor at the nuclear plant in the southwestern Iranian city of Bushehr. The last IAEA report on Iran's nuclear program before that wave of assassinations was issued on November 16, 2009. Thus, killing of Dr. Hosseinpour did not slow down development of Iran's nuclear program; if anything, the program had accelerated after his death. The Parchin site, the subject of much controversy regarding Iran's nuclear program, is affiliated with this university.
Persons: Mohsen Fakhrizadeh, Muhammad Sahimi, Israel, Agnes Callamard, Ardeshir, Hosseinpour's, Gabi Ashkenazi, Massoud Ali Mohammadi, Majid Shahriari, Dariush Rezaeinejad, Mostafa Ahmadi Roshan, Dr, Hosseinpour, Trump, Ebrahim Noroozi, Ali Mahmoodi Mimand, Israel's, Hassan Tehrani Moghaddam, Malek, Clinton, Hassan Rouhani, General Qasem Soleimani, hagh, , bode Organizations: University of Southern, European Union, UN, Reuters, International Atomic Energy Agency, US, The Telegraph, IAEA, Military, Iranian Defense Ministry, AP, Iran, Iran's, Islamic Revolutionary Guard Corps, Guardian, Malek Ashtar University of Technology, Holy Defence Museum, Hossein, University Locations: University of Southern California, Israel, United States, Tehran, Iranian, Bushehr, Iran, Natanz, Arak, LEU, Russia, Khojir, Islamic Republic, Saudi Arabia
OPEC and Russia Reach Deal to Raise Oil Production
  + stars: | 2020-12-03 | by ( Stanley Reed | ) www.nytimes.com sentiment -0.98   time to read: +1 min
OPEC and other oil-producing nations led by Russia, trying to gauge the strength of the global economy as the coronavirus continues to rage but with vaccines on the horizon, reached a compromise on Thursday to modestly increase production in January. But the talks revealed strains in the unwieldy group, known as OPEC Plus, which has tried to manage the oil market since 2016. These tensions could make it more difficult for the producers to stay in line with production targets as the global economy recovers in the coming months. Under the agreement, members of the Organization of the Petroleum Exporting Countries along with Russia and other countries will increase production by 500,000 barrels a day in January and, potentially, by a similar amount in the following two months. The increase, less than 1 percent of the global oil market, comes while demand is still under pressure from the impact of the coronavirus pandemic.
Organizations: Organization of, Petroleum Locations: Russia, OPEC, Saudi Arabia
OPEC and Russia agree to start pumping more oil next month
  + stars: | 2020-12-03 | by ( Hanna Ziady | Cnn Business | ) edition.cnn.com sentiment -0.95   time to read: +1 min
London (CNN Business) Saudi Arabia, Russia and other oil producing countries have agreed to start tentatively increasing output next month even as the coronavirus pandemic continues to cloud the outlook for demand. The Organization of Petroleum Exporting Countries said on Thursday that existing production curbs would be relaxed slightly from January 1 by members of the OPEC+ alliance. "Beginning in January 2021, [OPEC+] participating countries decided to voluntary adjust production by 0.5 million barrels per day," it said in a statement. Traders had been anticipating that the alliance between OPEC and other major producers would agree to extend existing cuts for three months. OPEC and its allies, including Russia and Mexico, were originally scheduled to gather on Tuesday, but that was delayed while members reportedly met privately to agree on what to do next.
Persons: Brent, Read Organizations: London, CNN Business, of Petroleum, Traders, OPEC Locations: Saudi Arabia, Russia, OPEC, Mexico
Asian shares mixed, U.S. dollar near 2-1/2 year lows
  + stars: | 2020-12-02 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
SYDNEY (Reuters) - Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing U.S. jobs report, while the greenback languished near 2-1/2 year lows on growing optimism of a coronavirus vaccine. REUTERS/Issei KatoBritain became the first Western country to approve a COVID-19 vaccine, with 800,000 doses of the Pfizer and BioNTech vaccine available for those at high risk starting next week. The dollar index slipped to a fresh 2-1/2 year low of 90.948 on Thursday and was last at 90.976. New Zealand shares were weaker too. That left MSCI’s broadest index of Asia-Pacific shares outside of Japan up 0.4% following two straight days of gains.
Persons: Issei Kato Britain, Andrew Cuomo, ” Morgan Stanley, Germany’s Dax, , Michael Frazis, Dow Jones, Brent Organizations: SYDNEY, Wall Street, REUTERS, Pfizer, U.S . Food, Drug Administration, New, U.S ., Dow, Japan’s Nikkei, , Frazis Capital Partners, U.S, Nasdaq Locations: Tokyo, Japan, U.S, New York, New Zealand, United States, Asia, Pacific, Sydney, Saudi Arabia, Russia
European shares lower after vaccine shots dull COVID economic pain
  + stars: | 2020-12-02 | by ( Huw Jones | ) www.reuters.com + 0.00   time to read: +4 min
LONDON (Reuters) - European shares opened lower on Thursday after gains spurred by advances in vaccines to fight COVID-19, but data across Europe underscored the economic damage still being caused by the pandemic. The STOXX index of European companies was flat, dragged down by a 0.2% drop in Frankfurt and Paris blue chips. A Reuters polls forecast the euro zone economy would shrink again this quarter as renewed lockdown measures stifled activity, with the economy taking two years to regain pre-crisis levels. BREXIT END GAMEBritain’s education minister, Gavin Williamson, said good progress was being made in talks with the European Union on a trade deal as the Brexit deadline approaches. “Currency investors are taking on more risk following the latest vaccine breakthroughs, options show,” Morgan Stanley said in a note.
Persons: COVID, Neil Hall, , Michael Hewson, CMC’s Hewson, Gavin Williamson, Simon Coveney, Sterling, Andrew Cuomo, ” Morgan Stanley, Dow Jones, Brent, Gold Organizations: British Union, EU, REUTERS, European Union, Global, CMC Markets, U.S, Congress, IHS, Irish, Wall Street, U.S . Food, Drug Administration, New, , Japan’s Nikkei, Nasdaq Locations: Europe, British, London, Britain, Frankfurt, Paris, United States, Spain, U.S, New York, New Zealand, Asia, Saudi Arabia, Russia
Wall Street heads for subdued start ahead of jobless claims
  + stars: | 2020-12-02 | by ( Huw Jones | ) www.reuters.com + 0.00   time to read: +4 min
LONDON (Reuters) - Wall Street was headed for a subdued start on Thursday as investors waited for fresh clues on the economy from jobless claims, hoping the data will help persuade Congress to finally agree on a COVID-19 stimulus package. The STOXX index of European companies was slightly lower, dragged down by a 0.4% drop in Frankfurt and Paris blue chips. Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing U.S. jobs report. Overnight, Wall Street eventually ended higher. [O/R]Brent crude was down 9 cents at $48.16 a barrel while U.S. light crude eased 14 cents to $45.14.
Persons: Eduardo Munoz, Stocks, Andrew Cuomo, , Ned Rumpeltin, ” Rumpeltin, Sterling, ” Morgan Stanley, Dow Jones, Brent, Gold Organizations: Nasdaq, REUTERS, U.S . Food, Drug Administration, New York, , TD Securities, U.S, Congress, European Union, EU, IHS, PMI, Wall Street, New, Japan’s Nikkei Locations: New York City , New York, U.S, Britain, Frankfurt, Paris, Europe, October’s, New Zealand, Asia, Saudi Arabia, Russia
Equities hit record highs as dollar falls on vaccine hopes
  + stars: | 2020-12-02 | by ( David Randall | ) www.reuters.com + 0.00   time to read: +3 min
Slideshow ( 3 images )Stocks have raced to global record peaks over the last four weeks, pushing the dollar down to 2 1/2-year lows, following the announcement of three viable vaccines. New York Governor Andrew Cuomo has said the state’s first vaccine delivery, enough for 170,000 residents, is expected on Dec. 15. The Labor Department said Thursday that initial jobless claims decreased to a seasonally adjusted 712,000 for the week ended Nov. 28. “Currency investors are taking on more risk following the latest vaccine breakthroughs,” Morgan Stanley said in a note. U.S. crude recently fell 0.04% to $45.26 per barrel and Brent was at $48.56, up 0.64% on the day.
Persons: Stocks, inoculations, Andrew Cuomo, , Ned Rumpeltin, ” Rumpeltin, ” Morgan Stanley, Brent Organizations: YORK, Treasury, U.S . Food, Drug Administration, , TD Securities, U.S . Centers for Disease Control, Wall, Dow Jones, Nasdaq, Labor Department, Reuters Locations: Britain, U.S, New York, Los Angeles, Asia, Europe, Saudi Arabia, Russia
Asian shares mixed, U.S. dollar near two-and-half-year lows
  + stars: | 2020-12-02 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
SYDNEY (Reuters) - Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing U.S. jobs report, while the greenback languished near 2-1/2 year lows on growing optimism of a coronavirus vaccine. REUTERS/Kim Kyung-HoonBritain became the first Western country to approve a COVID-19 vaccine, with 800,000 doses of the Pfizer and BioNTech vaccine available for those at high risk starting next week. The dollar index slipped to a fresh 2-1/2 year low of 90.948 on Thursday and was last at 90.976. New Zealand shares were weaker too. That left MSCI’s broadest index of Asia-Pacific shares outside of Japan up 0.4% following two straight days of gains.
Persons: Kim Kyung, Hoon, Andrew Cuomo, ” Morgan Stanley, Germany’s Dax, , Michael Frazis, Dow Jones, Brent Organizations: SYDNEY, Wall Street, Tokyo Stock Exchange, REUTERS, Pfizer, U.S . Food, Drug Administration, New, U.S ., Dow, Japan’s Nikkei, , Frazis Capital Partners, U.S, Nasdaq Locations: Tokyo, Japan, Hoon Britain, U.S, New York, New Zealand, United States, Asia, Pacific, Sydney, Saudi Arabia, Russia
EU proposes a plan to revive U.S. ties and work with Biden
  + stars: | 2020-12-02 | by ( Silvia Amaro | ) www.cnbc.com + 0.00   time to read: +4 min
It's been a tense four years of transatlantic ties, with President Donald Trump and the EU clashing over trade, defense, technology and foreign relations — to name a few points of contention. "We are taking the initiative to design a new transatlantic agenda fit for today's global landscape," European Commission President Ursula von der Leyen said in a statement on Wednesday. In a document entitled "A new EU-U.S. agenda for global change," the European Commission, the executive arm of the EU, defined four major policy areas to focus on. The EU also said Wednesday that it wanted to "work together to lead WTO (World Trade Organization) reform efforts and solve bilateral trade irritants through negotiated solutions." So, the EU believes that going forward they need to "work to reinforce and reform the World Health Organization."
Persons: Joe Biden, Barack Obama, King Salman bin Abd alAziz, Olivier Douliery, It's, Donald Trump, Ursula von der Leyen, Trump Organizations: White, European Union, U.S, EU, European Commission, Tech, Trump, Big Tech, Organization for Economic Cooperation, Development, Commission, Huawei, 5G, WTO, World Trade Organization, World Health Organization Locations: Saudi Arabia, Washington ,, EU, U.S, United States
So Saudi authorities have already reduced this vibrant, healthy woman to a quivering sick shell of her former self — but apparently that is still not punishment enough. So Saudi authorities have already reduced this vibrant woman to a quivering sick shell of her former self — but apparently that is not punishment enough. Hessah al-Ajaji drivers her car down the capital's busy Tahlia Street after midnight for the first time in Riyadh, Saudi Arabia, on June 24, 2018. The combined values of the sovereign wealth funds of Kuwait, Dubai and Abu Dhabi Saudi Arabia is estimated to be in the trillions of dollars. For four years, the Trump administration dispensed with asking for anything from Saudi Arabia besides its purchase power for trillions of dollars’ worth of American-made weapons.
Persons: Loujain, hadn’t, Ivanka Trump, Hillary Clinton, Manal Al, Sharif, Hathloul, Hessah, Nariman, Al, Sheikh Mohammed bin Rashid al Maktoum, Katy Perry, Eva Longoria, Ryan Philippe, , Trump, Will, Biden Organizations: Saudi, PEN America, United Arab Emirates, Sorbonne, NYU, Harvard, Yale, MIT Locations: Saudi Arabia, Gulf, Arabia, Riyadh, Saudi, Dubai, Britain, India, Myanmar, China, Kuwait, Abu Dhabi Saudi Arabia, Georgetown
Saudi minister rejects Iranian accusation on scientist's killing
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
Mourners sit next to the coffin of Iranian nuclear scientist Mohsen Fakhrizadeh, during the burial ceremony at the shrine of Imamzadeh Saleh, in Tehran, Iran November 30, 2020. Hamed Malekpour/WANA (West Asia News Agency) via REUTERSDUBAI (Reuters) - Saudi Arabia’s minister of state for foreign affairs on Tuesday criticised Iran’s foreign minister for implicating Riyadh in the killing of prominent Iranian nuclear scientist Mohsen Fakhrizadeh. “Iranian Foreign Minister Zarif is desperate to blame the Kingdom for anything negative that happens in Iran. Both Israel and Saudi Arabia have recently ramped up rhetoric against Iran, which is locked in several proxy wars with Riyadh in the region. Saudi Arabia has not formally condemned the assassination, unlike the other five Gulf Cooperation Council member countries.
Persons: Mohsen Fakhrizadeh, Imamzadeh Saleh, Hamed Malekpour, Zarif, Will, Adel, Jubeir, Mohammad Javad Zarif, Prince Mohammed bin Salman, Benjamin Netanyahu, Mike, Pompeo’s, ” Zarif, Israel, Fakhrizadeh, , Organizations: West Asia News Agency, REUTERS DUBAI, Reuters, Saudi, Iranian, Gulf Cooperation Council, RT, Riyadh’s United Nations Locations: Tehran, Iran, Riyadh, Iranian, Saudi Arabia, Israeli, , Israel, Gulf, Russian
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