Search Results for: Member States
Oil prices rise on expectation of output cut extension
May 8th, 2017
Oil prices rose on Monday as Saudi Arabia’s energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains. Brent ...
European Energy Exchange acquires 100% ownership of US Nodal Exchange
May 5th, 2017
The European Energy Exchange (EEX), part of Deutsche Börse Group, and the owners of US-based Nodal Exchange Holdings, LLC have successfully closed the transaction under which EEX has acquired 100% of the equity in Nodal Exchange. All remaining regulatory ...
Jay Clayton Sworn in as Chairman of SEC
May 5th, 2017
Jay Clayton was sworn into office this afternoon by U.S. Supreme Court Justice Anthony M. Kennedy as the 32nd Chairman of the Securities and Exchange Commission. “It is a tremendous honor to lead the SEC and to be sworn in ...
Daimler AG reports 10% increase in unit sales; First Quarter 2017 results
April 28th, 2017
Unit sales significantly above prior-year level at 754,300 vehicles (+10%) Revenue up by 11% to €38.8 billion Group EBIT is 87% above prior-year level at €4,008 million Net profit doubles to €2,801 million Free cash flow of the industrial ...
Oil rises on potential OPEC cut extension, but still faces second weekly loss
April 28th, 2017
Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. U.S. West Texas Intermediate (WTI) crude futures CLc1 ...
UAE, the new key role player in the Middle East
April 20th, 2017
The United Arab Emirates (UAE) is likely to play a bigger role in the conflict-ridden Middle East due to its economic, military, and political influence. For most of the past four decades, the UAE has maintained a low-key role ...
British PM Theresa May called for a general election: What you need to know
April 19th, 2017
The UK looks set to have a general election on 8 June. Here’s what you need to know. What has happened? The UK Prime Minister Theresa May has announced that she wants to hold a general election on 8 ...
Oil hits five-week top on geopolitical tensions, strong demand
April 11th, 2017
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya’s largest oilfield. Additional support also came from expectations of strong demand as the ...
Oil edges up on weaker dollar; Libya output return weighs
April 4th, 2017
Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising U.S. drilling signaled the potential for increased supply and capped price gains. International Brent crude ...
Europe’s top court will begin a landmark case today
March 30th, 2017
Europe’s top court will begin a landmark case today (30 March) that could determine whether luxury goods companies can stop retailers from selling their products via marketplaces such as Amazon or eBay. Owners of luxury brands have been fighting ...
