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Crude Oil Surges To End At Near $95 A Barrel

U.S. crude oil surged to end sharply higher on Tuesday, ahead of the weekly inventories data and the outcome of the U.S. Federal Reserve’s monetary policy meet in Washington, even as the dollar trended lower against a basket of some select currencies….

Obama To Announce Military-Led Surge In Ebola Aid

President Barack Obama is scheduled to travel to the headquarters of the Centers for Disease Control and Prevention in Atlanta, Georgia, on Tuesday to outline steps the U.S. will take to help combat the Ebola outbreak in West Africa.
A statement from …

German Investor Confidence Weakest Since 2012

Germany’s investor confidence weakened to a level last seen in late 2012 amid concerns that the rising geopolitical tensions are hurting the European economy, data from the Centre for European Economic Research/ZEW showed Tuesday.
The ZEW economic sen…

Airbus Defence And Space To Sell Non-core Businesses

French aerospace giant Airbus Group (EADSF.PK,EADSY.PK) Tuesday announced portfolio optimization in its Defence and Space unit, under which certain businesses in non-core segments will be divested as they do not fit its strategic goals.
Airbus, previo…

Heineken Rejects Buyout Bid By SABMiller

Dutch brewer Heineken N.V. (HKHHF.PK, HINKF.PK) confirmed Sunday that British brewer SABMiller Plc (SAB.L,SBMRY.PK) had approached the company regarding a potential acquisition. However, Heineken added that after consulting its majority shareholder, i…

Sinopec To Sell 30% Stake In Fuel Retail Unit For $17.5 Bln

China’s largest oil refiner China Petroleum & Chemical Corp. (SNP: Quote) has agreed to sell 30 percent stake in its retail unit to a group a of 25 investors for 107.1 billion yuan or $17.5 billion.
The Beijing-based company, popularly known as Si…