Energy Update
BERLIN, Oct 20 (Reuters) - Germany's DIHK Chambers of
Industry and Commerce has raised its 2016 growth forecast for
Europe's largest economy to 1.9 percent from a previous estimate
of 1.5 percent, but said the longer-term outlook was clouded.
LONDON, Oct 20 (Reuters) - British engineering firm Senior
Plc warned its annual profit would come in below
expectations due to lower demand for parts used in heavy truck
production and oil and gas markets.
Oct 20 (Reuters) - Mining and trading giant Glencore Plc
said it agreed to sell its coal haulage business in New
South Wales for A$1.14 billion ($874.4 million) to Genesee &
Wyoming Inc.
By Susan Mathew
Oct 20 (Reuters) - Southeast Asian stock markets were
subdued on Thursday as investors trod carefully before the final
U.S. presidential debate while strong U.S. earnings and an
overnight rally in oil supported broader sentiment.
Since most recent opinion polls have favoured Democrat
Hillary Clinton, the market's focus had been on whether
Republican rival Donald Trump would be able to use the final
SYDNEY, Oct 20 (Reuters) - BHP Billiton's
nickel business, which faced closure after failing to attract a
buyer, is spending $2 million a month on improvements and making
headway to extend operations through the next decade, a senior
executive said on Thursday.
BEIJING, Oct 20 (Reuters) - Chinese President Xi Jinping
said on Thursday that he hoped Philippine President Rodrigo
Duterte's "milestone" visit to China could help "fully improve"
ties between the two countries, which have suffered over
disputes in the South China Sea.
(Thu, 20 Oct 2016) Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices. However, Russian oil and natural gas companiesâ capital investment programs have been less affected, if at all. Russiaâs two main hydrocarbon taxes are calculated by formulas that result in lower tax rates at lower crude oil prices.
SINGAPORE, Oct 20 (Reuters) - Oil prices dipped on Thursday
on profit taking after markets rallied the previous day due to a
draw in U.S. stocks and an expectation of an OPEC-led cut in
production.
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