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Oil prices slip, set for first annual drop since 2015

HOUSTON (Reuters) – Oil prices slipped 1 percent on the final day of the year, en route for their first annual drop in three years as fears of a slowing global economy and emerging supply glut outweighed impending production cuts from OPEC nations. FILE PHOTO: A pump jack operates in the Permian…

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Equities markets limp to finish line after volatile week

NEW YORK (Reuters) – Global investors gravitated toward safe-haven assets on Friday as worries about the world economy persisted, cutting short a two-day rebound in Wall Street stocks. U.S. stock indexes seesawed, making it difficult to end one of the most brutal December selloffs in memory on a high note. “Markets will…

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Pacific trade pact takes off with tariffs cut in six nations

SYDNEY (Reuters) – A landmark 11-country trade deal, a revamped version of the Trans-Pacific Partnership (TPP), came into force on Sunday with New Zealand’s trade minister hailing the opportunities it presented for exporters. FILE PHOTO – Delegates participate in the opening session of the Trans Pacific Partnership senior leaders meeting in Sydney,…

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Deutsche Bank is strong, has no need for state aid, merger: chairman

FILE PHOTO: Deutsche Bank’s Supervisory Board Chairman Paul Achleitner addresses the audience during the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Deutsche Bank is strong and its turnaround strategy is bearing fruit, Chairman Paul Achleitner said, ruling out the need for state aid and…

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Dell returns to market with NYSE listing

(Reuters) – Dell Technologies Inc DELL.N returned to public markets on Friday, nearly six years after the company’s founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008. A logo of Dell Technologies is seen at the Mobile World…

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