Reuters: Money News
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Updated: 1 hour 7 min ago
DUBAI (Reuters) - Iran's oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise further as a result.
STOCKHOLM (Reuters) - Sweden's four largest banks are using a calculation of the risk to their loan portfolio's that critics say is flawed and leaves them vulnerable to any correction in the booming housing market.
MILAN/PARIS (Reuters) - Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global powerhouse in the eyewear industry with annual revenue of more than 15 billion euros, they said in a statement on Monday.
(Reuters) - Indian shares ended marginally higher on Monday as gains in financials on positive corporate results offset losses in IT stocks that were down on weak sentiment after software services exporter Infosys Ltd cut its revenue outlook.
NEW DELHI (Reuters) - State-run Hindustan Petroleum Corp will restart a 36,000 barrels per day crude unit at its Vizag refinery in 2-3 days, its chairman M. K. Surana said on Monday.
SEOUL (Reuters) - South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye.
REUTERS - India's wholesale prices rose 3.39 percent year-on-year in December, their fastest pace in two months, government data showed on Monday.
MUMBAI (Reuters) - India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.
(Reuters) - Gold rose on Monday, buoyed by safe-haven demand due to uncertainty over U.S. policy ahead of President-elect Donald Trump's inauguration and amid concerns over Britain's exit from the European Union.
SYDNEY (Reuters) - Sterling slid to three-month lows in Asia on Monday with investors spooked anew by concerns over Britain's divorce from the European Union, while U.S. policy uncertainty lingered ahead of President-elect Donald Trump's inauguration.
SHANGHAI (Reuters) - China should stop intervening in the foreign exchange market, devalue the yuan and let it float freely to restore stability, a senior researcher at a government-backed think tank said.
MUMBAI (Reuters) - Indian stock exchange BSE Ltd's initial public offering (IPO) of shares next week may raise as much as 12.43 billion rupees ($182 million) for its investors, based on the indicative price range for the sale announced on Monday.
DAVOS, Switzerland (Reuters) - Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including global business and finance leaders.
SINGAPORE (Reuters) - Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply.
NEW DELHI (Reuters) - Philip Morris International is fighting to keep a toehold in India's $11 billion tobacco market, as the government considers further tightening foreign investment rules in the sector, according to documents seen by Reuters.
DAVOS, Switzerland (Reuters) - Just eight individuals, all men, own as much wealth as the poorest half of the world's population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top.
SEOUL (Reuters) - South Korea's special prosecutor said on Sunday it will take into account the economic impact of whether to arrest Samsung Group leader Jay Y. Lee in connection with an influence-peddling investigation involving the president.
BEIJING (Reuters) - Economic growth in some of China's largest cities is expected to have slowed in 2016 and will continue to decelerate in 2017, according to official estimates issued on Sunday.
ABU DHABI (Reuters) - Global oil prices will witness "much more volatility" in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented, the head of the International Energy Agency (IEA) said on Sunday.
DETROIT (Reuters) - Electric cars will pick up critical momentum in 2017, many in the auto industry believe - just not in North America.