Friday, 28 December 2018

Britain's HMV faces the music as retailer calls in administrators

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Britain's HMV faces the music as retailer calls in administrators

Music retailer HMV said it was calling in the administrators, blaming a worsening market for CDs and DVDs, to become the latest victim of brutal trading conditions in Britain's retail sector.

Take Five: The Year of the Bear! World markets themes for the week ahead

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

Stock futures higher as Wall St.'s post-Christmas rally continues

U.S. stock futures were higher on Friday, extending a two-day rally amid volatile trading and raising expectations that the recent selloff may have eased for now.

Rosneft to buy at least 6 million tonnes of oil for $2 billion in 2019

Russia's largest oil producer Rosneft will buy around 6 million tonnes of oil worth over $2 billion from domestic producers next year, according to an announcement on a state-owned website for purchases of companies' needs.

Oil prices rebound but still weak due to oversupply

Oil prices rebounded on Friday, recovering slightly from heavy losses this week, but remained close to the lowest levels in over a year as rising U.S. inventories and concern over global economic growth rattled markets.

Global stocks cautiously follow Wall Street's surge

Stocks in Europe and Asia rose cautiously on Friday after Wall Street ended a volatile session with big gains, but fears of further price swings and worries about U.S. politics kept safe-haven currencies such as the yen and Swiss franc in demand.

Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ

The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team's regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Third prototype of China's C919 jet completes first test flight

A third prototype of China's home-built C919 narrowbody passenger jet completed its first test flight on Friday, its manufacturer said, in another step forward in the nation's push to become a global civil aerospace player.

Nissan to make fewer cars in China in months ahead as demand slows: source

Nissan Motor Co will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world's biggest car market.

Rusal appoints independent director as new board chairman

Russian aluminum company Rusal said on Friday it has appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions.

Mexico says military to play larger role in fighting fuel theft

Mexico's government unveiled a plan on Thursday to step up use of the armed forces to combat fuel theft, vowing to root out corrupt officials it says are largely responsible for a problem that has cost the country billions of dollars.

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