London shares ended Thursday on a low note as more economic gloom in Europe overshadowed hints of delays to US interest rate rises. The FTSE 100 closed 50.39 points adrift at 6431.85 after downbeat economic news in the UK and mainland Europe, which included a report showing that German exports in Au
Read more* Raids carried out in two countries on Tuesday * Raids follow earlier inspections into oil products, biofuels (Adds Commission comments, reference to oil price investigation) By Philip Blenkinsop BRUSSELS, Oct 9 (Reuters) - The European Commission has raided ethanol companies
Read more* Seven oil majors ran annual cash deficit of $55 bln * Falling oil price to force new wave of asset sales * Asset sales close to $150 bln, some dividend yields top 6 pct * Repeat of M&A boom as response to low oil prices seen unlikely By Ron Bousso and Dmitry ZhdannikovRead more
(Adds dropped word "imports" in 12th paragraph.) * Canada lobbied against previous labelling proposal * Policy includes method for distinguishing various fuels * Member states to debate the proposal By Barbara Lewis and Scott Haggett BRUSSELS/CALGARY, Oct 7 (Reuters)
Read more* Canada lobbied fiercely against previous proposal * Policy includes method for distinguishing various fuels * Member states still have to debate the plan By Barbara Lewis BRUSSELS, Oct 7 (Reuters) - The European Commission on Tuesday proposed scrapping a mandatory requir
Read more(Adds BP no comment, background) HOUSTON, Oct 6 (Reuters) - BP Plc's 413,500 barrel per day (bpd) Whiting, Indiana refinery was operating normally on Monday, two days after energy industry intelligence service Genscape said one of the refinery's safety flares operated on Saturday. Gen
Read moreHOUSTON, Oct 6 (Reuters) - BP Plc's 413,500 barrel per day (bpd) Whiting, Indiana refinery was operating normally on Monday, two days after energy industry intelligence service Genscape said one of the refinery's safety flares operated on Saturday. Genscape said the flare associated with th
Read moreOil and basic resource stocks bore the brunt of selling on Thursday, as markets continued to react to the better-than-expected economic data trickling in from the States with the concomitant robustness in the US dollar which that entails. US durable goods orders declined 18.2% in August following a
Read more(Hugo Dixon is Editor-at-Large, Reuters News. The opinions expressed are his own.) By Hugo Dixon LONDON, Oct 6 (Reuters Breakingviews) - How should companies manage a crisis? Tesco is the latest large corporate to go through the wringer after it revealed last month that it had oversta
Read moreTesco is planning a boardroom purge after a string of profit warnings and the revelation of a £250m hole in its accounts, the Sunday Times said. The retailer was planning to unveil up to three non-executive directors 10 days ago but the accounting problem put the announcement on hold. Patrick Kenned
Read more* Marathon preparing to restart crude unit, finishing FCCU repairs * Marathon planning to shut smallest FCCU at Galveston Bay by mid-2016 HOUSTON, Oct 3 (Reuters) - Marathon Petroleum Corp is preparing to return a 218,500 barrel per day (bpd) crude distillation unit to production at
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