OPEC oil output near record high in April as Iran, Iraq growth offsets outages: Reuters survey

Friday, 29 April 2016 04:37

LONDON (Reuters) - OPEC's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages.

Read more: OPEC oil output near record high in April as Iran, Iraq growth offsets outages: Reuters survey

 

Syria calls local truces; U.N. condemns 'monstrous disregard' for lives

Friday, 29 April 2016 04:06

MOSCOW/BEIRUT - (Reuters) - Syria declared brief local truces near Damascus and in one province on Friday but made no mention of halting combat on the main battlefield in Aleppo, after a surge in fighting the United Nations said showed "monstrous disregard" for civilian lives.

Read more: Syria calls local truces; U.N. condemns 'monstrous disregard' for lives

 

U.S. inflation retreats on soft consumer spending

Friday, 29 April 2016 03:59

WASHINGTON, April 29 (Reuters) - - U.S. inflation barely rose in March as consumer spending remained tepid, making it less likely that the Federal Reserve will be able to hike interest rates twice this year.

Read more: U.S. inflation retreats on soft consumer spending

 

Exxon Mobil first-quarter profit drops 63 percent

Friday, 29 April 2016 03:10

HOUSTON (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil producer, reported a 63 percent drop in first-quarter profit on Friday, citing plunging crude prices and weak refining margins.

Read more: Exxon Mobil first-quarter profit drops 63 percent

 

Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again

Friday, 29 April 2016 02:48

TOKYO (Reuters) - Mitsubishi Motors' (MMC) market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages.

Read more: Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again

 

Fed's Kaplan says he will advocate for raising interest rates gradually

Friday, 29 April 2016 02:31

LONDON (Reuters) - Dallas Federal Reserve President, Robert Kaplan, on Friday pledged to push for gradual increases in the U.S. benchmark interest rate, as long as inflation continues to rise and the U.S. economy remains near full employment.

Read more: Fed's Kaplan says he will advocate for raising interest rates gradually

 

Helmet cam footage shows Islamic State in battlefield chaos

Friday, 29 April 2016 01:54

(Reuters) - Islamic State may exult in online portrayals of jihadis sweeping victoriously across Iraqi battlefields, but a camera recovered from the helmet of a dead fighter offers a contrasting picture of chaos and panic in a battle with Kurdish peshmerga.

Read more: Helmet cam footage shows Islamic State in battlefield chaos

 

At least 202 civilians killed in past seven days of Aleppo violence: Syrian Observatory

Friday, 29 April 2016 01:09

BEIRUT (Reuters) - Air strikes on rebel-held areas of Aleppo killed 123 civilians including 18 children during the past seven days of intensified violence in the northern Syrian city, the Syrian Observatory for Human Rights said on Friday.

Read more: At least 202 civilians killed in past seven days of Aleppo violence: Syrian Observatory

 

Trump praises Sanders but may struggle to win over his voters

Friday, 29 April 2016 01:05

WASHINGTON (Reuters) - As Donald Trump moves closer to clinching the Republican presidential nomination, he has offered lavish praise for Bernie Sanders, who faces increasingly slim chances in his battle with Hillary Clinton in the Democratic race.

Read more: Trump praises Sanders but may struggle to win over his voters

 

Sanofi confident it can win Medivation shareholder support

Thursday, 28 April 2016 23:11

PARIS (Reuters) - Sanofi , which reported higher quarterly profit on Friday boosted by its Genzyme division, is confident Medivation shareholders will back its proposed takeover of the U.S. cancer drug company.

Read more: Sanofi confident it can win Medivation shareholder support

 

U.S. high court approves rule change to expand FBI hacking power

Thursday, 28 April 2016 22:39

WASHINGTON (Reuters) - The Supreme Court on Thursday approved a rule change that would let U.S. judges issue search warrants for access to computers located in any jurisdiction despite opposition from civil liberties groups who say it will greatly expand the FBI's hacking authority.

Read more: U.S. high court approves rule change to expand FBI hacking power

 

At least 202 civilians killed in past seven days of Aleppo violence: Syrian Observatory

Thursday, 28 April 2016 22:30

BEIRUT (Reuters) - Air strikes on rebel-held areas of Aleppo killed 123 civilians including 18 children during the past seven days of intensified violence in the northern Syrian city, the Syrian Observatory for Human Rights said on Friday.

Read more: At least 202 civilians killed in past seven days of Aleppo violence: Syrian Observatory

 

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