Bhinneka News Online: Reuters Before the Bell: Equinor's power and gas trading unit expands to the U.S.

Thursday, 8 August 2019

Reuters Before the Bell: Equinor's power and gas trading unit expands to the U.S.

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Thursday, August 8, 2019

Equinor's power and gas trading unit expands to the U.S.

Danske Commodities, a power and gas trading firm owned by oil major Equinor , has expanded its operations to the United States, completing its first trade on the PJM wholesale power market, it said on Thursday.

Oil rises due to firm yuan, expectations of more OPEC cuts

Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.

China data, steadying yuan lift futures

U.S. stock index futures inched higher on Thursday as better-than-expected Chinese trade data and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a recession.

Viacom beats quarterly revenue, profit estimates as ad revenue rebounds

Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat estimates for quarterly revenue and profit on Thursday, as it posted rare growth in domestic advertising revenue after about five years of declines.

Bayer buys BlueRock in $600 million bet on stem cell therapies

German drugmaker Bayer is paying up to $600 million for full control of cell therapy developer BlueRock Therapeutics, stepping up investment in a promising new medical area to revive its drug development pipeline.

Stock markets find a floor as Chinese data soothe nerves

Stock markets enjoyed a tentative recovery on Thursday after better-than-expected Chinese export data and a steadying of the yuan restored some calm to global markets.

Apple faces investigation for suspected unfair competition in Russia

Apple is under investigation in Russia following a complaint from cybersecurity company Kaspersky Lab and may be abusing its dominant market position, Russia's anti-monopoly watchdog said on Thursday.

Salesforce to buy Israel's ClickSoftware for $1.35 billion

U.S. cloud-based service provider Salesforce said it signed a definitive agreement to acquire Israeli software developer ClickSoftware for $1.35 billion in cash and shares.

Samsung's new Note takes on Huawei in selfie beauty pageant

Samsung unveiled a new version of the Galaxy Note smartphone on Wednesday with fast 5G network connection and improved camera features, hoping the premium model helps it revive slumping profit and widen the gap with struggling rival Huawei.

SoulCycle, Equinox face boycott calls over investor's Trump fundraiser

Fitness chains SoulCycle and Equinox on Wednesday sought to distance themselves from a fundraiser for U.S. President Donald Trump reportedly in the works by their billionaire owner, real estate executive Stephen Ross.