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Russia’s Nornickel 2016 core earnings seen down 14 pct

Russia’s Nornickel 2016 core earnings seen down 14 pct

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MOSCOW, - Russia’s Norilsk Nickel (Nornickel), the world’s second-largest nickel producer, is expected to post a 14 percent fall in full-year core earnings hit by lower nickel price, a Reuters poll of six banks and brokerages showed. Nornickel’s full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) are expected at…

Malaysia’s Petronas warns on 2017 outlook despite swing to Q4 profit

Malaysia’s Petronas warns on 2017 outlook despite swing to Q4 profit

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KUALA LUMPUR - Malaysia’s Petroliam Nasional Bhd warned of a cautious outlook for 2017, although sharp cutbacks in expenses by the state-run oil major allowed it to swing to a fourth-quarter profit from a loss in the year-ago period. Petronas maintained what it called a “conservative” outlook for this year…

Asia Fuel Oil-Market weakens despite rebound in physical trade

Asia Fuel Oil-Market weakens despite rebound in physical trade

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DUBAI, - Asia’s fuel oil complex slipped as concerns of ample prompt supplies weighed on market sentiment further despite a rebound in physical trading activity in the Platts window, industry sources said. Cash discounts of the 380-cst fuel slipped to a near 8-month low despite a revival of buying interest…

Nifty hits record high, rupee rallies on Modi’s win in Uttar Pradesh

Nifty hits record high, rupee rallies on Modi’s win in Uttar Pradesh

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MUMBAI/BENGALURU - The Nifty rose as much as 2.1 percent to a record high while the rupee hit a 14-month peak, as a big win for Prime Minister Narendra Modi’s party in a key state election was seen bolstering his economic reform agenda. The victory by Modi’s Bharatiya Janata Party…

Trump’s choice for SEC chair clears ethics hurdle -source

Trump’s choice for SEC chair clears ethics hurdle -source

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WASHINGTON, - President Donald Trump’s pick to chair the Securities and Exchange Commission, Jay Clayton, passed a key hurdle toward his confirmation after a government ethics watchdog gave him a clearance, a person familiar with the matter said. The U.S. Office of Government Ethics had examined Clayton’s financial disclosure forms…

Snap of Clinton reading Pence email headline goes viral

Snap of Clinton reading Pence email headline goes viral

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A photo of former presidential candidate glancing at about U.S. Vice President Mike Pence using private email has gone viral on social media, with thousands of people commenting on it. Pence and others involved in the Republican presidential campaign last year criticized Clinton’s use of a private email server during…

Uber’s secret software steers drivers from stings

Uber’s secret software steers drivers from stings

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SAN FRANCISCO: Uber has acknowledged the use of a secret software program to steer drivers away from trouble, including sting operations by local authorities to catch law-breakers. In the latest in a streak of damaging for the ridesharing giant, Uber came forward about its “Greyball” software after a which said…

Janet Yellen points to March rate hike as Fed signals end of easy money

Janet Yellen points to March rate hike as Fed signals end of easy money

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CHICAGO: The US Federal Reserve’s long-stalled ‘liftoff’ of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen to regional leaders across the United States signalled that the era of easy money is drawing to a close. Yellen capped off a seemingly coordinated push from the…

Poland’s Griffin Real Estate plans spin-off IPO -sources

Poland’s Griffin Real Estate plans spin-off IPO -sources

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WARSAW/FRANFURT, - Poland-based Griffin Real Estate plans to sell part of its asset portfolio in an initial public offering (IPO) worth about 150 million euros ($159 million) to be announced within days, market sources said. Griffin Real Estate invests in the commercial real estate market in Central and Eastern Europe.…

HSH Nordbank attracts handful of potential bidders – sources

HSH Nordbank attracts handful of potential bidders – sources

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BERLIN/HAMBURG,- Shipping finance provider HSH Nordbank has attracted a handful of potential bidders by a deadline for indicative offers, several people familiar with the matter said. One person said the interested parties included private equity firm Apollo, peer NordLB and China’s ICBC. HSH declined to comment on how many indications…

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