(Adds background)By Steve HollandPALM BEACH, Florida, Jan 13 (Reuters) - President Donald Trump was briefed on Saturday by U.S. trade envoy Robert Lighthizer on U.S. trade with China and talks on revising the North American Free Trade Agreement with Canada and Mexico, a White House spokeswoman said, as the administrationconsiders several new tariff moves in coming weeks.The meeting comes as Trump...Read More
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...mobs of hungry Venezuelans have started looting supermarkets and slaughtering cattle in the open to survive...Read full newsRead More
The Chinese capital's success upends the assumption that the Communist Party will always put the economy ahead of the environment.Read full newsRead More
MILAN, Jan 13 (Reuters) - Italian fashion house Versace is in "no rush" to list on the stock market, its Chief Executive told Reuters on Saturday.The brand, famous for its Medusa head logo, has been considering a listing, after U.S. private equity Blackstone bought a 20 percent stake in 2014 to fund its overseas expansion.The Versace family holds the rest of the company, and Donatella, s...Read More
Iran said on Saturday it would retaliate against new sanctions imposed by the United States after President Donald Trump set an ultimatum to fixRead full newsRead More
Once the president gives a reprieve to the nuclear pact, lawmakers are facing an uphill effort to get hawks on board.Read full newsRead More
A new survey from LendEDU reveals that a staggering number of Americans are making BitCoin purchases on their credit cards...what could go wrong?Read full newsRead More
A Chinese salvage team recovered two bodies on Saturday from a stricken Iranian oil tanker, that was still blazing a week after it caught fire and was left adrift following a collision in the East China Sea, state news agency Xinhua reported.Read full newsRead More
Is the tide turning for junior oilers after a rough couple of years during which young ambitious firms have been hit hard by low crude prices and a dearth of investment?Well, for two of AIM's strugglers the answer appears to be a resounding yes.For US-focused duo Nighthawk Energy (LON:HAWK) and Nostra Terra Oil & Gas (LON:NTOG) were right up there with gains of 77% and 30% respectively.The for...Read More
Closely followed potash mine developer Sirius Minerals Sirius Minerals PLC (LON:SXX) was in focus as the week ended - saying it was confident production of polyhalite at its York Potash project will start on time and budget.A quarterly update indicated there had been some delay to excavation of the mine, called Woodsmith, due to the weather in Yorkshire, but Sirius is confident it can make u...Read More
A fairly busy week in the smallcap oil and gas sector.Here are some highlights.Investors in Curzon Energy Plc are looking forward to an extensive well evaluation to start shortly at the Coos Bay coal bed methane project in Oregon, US.Curzon said in a statement this week that a five well workover programme has now been completed and that outcomes have so far "completely correlated" with the p...Read More
(Adds total investment, background)By Ehab FaroukCAIRO, Jan 13 (Reuters) - Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent from 4.8 percent previously, the planning minister said on Saturday.Hala al-Saeed said gross domestic product was expected to have grown 5.2 to 5.3 percent in the second quarter that ended in December, adding that...Read More
* IDFC Bank seeks retail lending boost with Capital First buy* IDFC Bank to offer 139 shares for every 10 held in Capital First* Deal at a premium to Capital First's Friday closing price (Adds details, calculated deal value)By Devidutta Tripathy and Suvashree ChoudhuryMUMBAI, Jan 13 (Reuters) - IDFC Bank Ltd , one of India's two newest banks, will acquire non-bank financial firm Capital First Ltd...Read More
MUMBAI, Jan 13 (Reuters) - IDFC Bank Ltd , one of India's two newest banks, said on Saturday its board has approved a takeover of non-bank financial firm Capital First Ltd in a share swap deal.Shareholders in Capital First will receive 139 shares of the bank for every 10 shares held, the lender said in a stock exchange filing. The deal is conditional on central bank and other regulatory approvals....Read More
(Repeats to additional subscribers)MUMBAI, Jan 13 (Reuters) - India's Housing Development Finance Corp Ltd plans to raise about 111 billion rupees ($1.75 billion) from a preferential share sale to investors including affiliates of Singapore state investor GIC and private equity KKR & Co. LP .A committee of directors of the mortgage lender on Saturday approved selling 64.3 million shares at 17...Read More
MUMBAI, Jan 13 (Reuters) - India's Housing Development Finance Corp Ltd plans to raise about 111 billion rupees ($1.75 billion) from a preferential share sale to investors including affiliates of Singapore state investor GIC and private equity KKR & Co. LP .A committee of directors of the mortgage lender on Saturday approved selling 64.3 million shares at 1726.05 rupees a piece to the investor...Read More
JAKARTA, Jan 13 (Reuters) - Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of p...Read More
Iran has violated a UN arms embargo by failing to block supplies to Yemen's Houthi militias ofRead full newsRead More
The yellow metal has been rallying since mid-December on the back of a weak US dollar. Silver and copper are down, while oil is also up.Read full newsRead More