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#AbuDhabi in talks with banks for debut loan of $2 billion - sources - Reuters

Abu Dhabi in talks with banks for debut loan of $2 billion - sources - Reuters:The government of Abu Dhabi is in talks with banks for a $2 billion loan, two sources familiar with the discussions said, a move which would allow the oil-rich emirate to tap new liquidity pools in an era of low oil prices.Abu Dhabi, the capital of the United Arab Emirates, sold its latest international bonds in September last year, raising $10 billion for budgetary purposes and garnering almost $20 billion in demand....
Tags: Travel, United Arab Emirates, Abu Dhabi, Reuters, Rupert Neil Bumfrey, Abu Dhabi Department of Finance

Oil prices on track for biggest weekly fall in four years - Reuters

Oil prices on track for biggest weekly fall in four years - Reuters:Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.Investors are increasingly worried as the virus has spread beyond its epicentre in China to more than 40 other countries.The most active Brent crude contract for May LCOc2 was down $1.42, or 2.8%, at $50.31 a barrel by 0745 GMT,...
Tags: Travel, China, Reuters, Rupert Neil Bumfrey

Coronavirus to close Tokyo Disneyland through mid-March

The company earlier this month warned of a negative impact on its second quarter results
Tags: Finance, Article, Reuters, FBN, Tokyo Disneyland, Fbn/markets, Fox-business/markets/stocks, Fox-business/health-care, Fox-business/organization/disney, Fox-business/topic/coronavirus, D2b501dc-8867-54c6-b9b6-4f5473967e8b

China's February factory PMI seen at lowest since 2009 as coronavirus slams production: Reuters poll

Activity in China's vast manufacturing sector likely shrank at the fastest pace since the global financial crisis in February as the coronavirus suspended large movements of goods and people in most parts of the country.
Tags: Money, China, businessNews, Reuters

Subsidized Apple Watches for an Early Stroke Risk Detection Trial

Atrial fibrillation is the most common type of heart arrhythmia. If you have it, your chances of having a stroke are five times higher than average. Unfortunately, detecting atrial fibrillation typically requires that you notice something's amiss, and go see a doctor to confirm the condition with lab tests or imaging. And of course, by then it may be too late.Last year Apple did a study of 400,000 Apple-Watch-wearing subjects to see if their device could passively detect atrial fibrillation. Tur...
Tags: Apple, Design, Medical, Reuters, Johnson Johnson, HeartLine, Paul Burton

Saks 5th Avenue parent gets approval to go private

Saks Fifth Avenue owner Hudson’s Bay Co said on Thursday it won shareholders’ approval to become a private company.
Tags: Finance, Article, Saks Fifth Avenue, Reuters, FBN, Fbn/markets, Fox-business/industries/retail, Hudson 's Bay Co, Saks 5th Avenue, C57ea91f-3a3a-5365-9bbc-203f98fd2e15

Global funds cut equity exposure in turbulent February, eye virus risk - Reuters Poll

Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed.
Tags: Money, businessNews, Reuters

Genel Energy “open to M&A Opportunities”

By John Lee. Genel Energy is reportedly considering whether to expand its operations in Kurdistan and elsewhere. CFO Esa Ikaheimonen (pictured) is quoted as saying that the company has net cash of about $100 million, is open to merger and acquisition opportunities. (Source: Reuters) Source: Post your commentary below.
Tags: News, Iraq, Genel Energy, Iraq Business News, Kurdistan, Reuters, John Lee, Esa Ikaheimonen

RIN prices jump 25% after SRE policy reform news

In Washington, Reuters reports that RIN prices jumped 25% on the back of the news that the Trump Administration was going to overhaul the issuance of small refinery hardship waivers which should increase demand for ethanol, and therefore RINs. On Wednesday, 2019 D6 RINs traded at 35 cents compared to 28 cents on Tuesday while 2020 D6 RINs traded at 40 cents. The policy reform is as a result of a U.S. Court of Appeals for the 10th Circuit ruling made in January that kicked back to the Environmen...
Tags: Washington, Environmental Protection Agency, Producer News, RIN, Reuters, Cheyenne, U S Court of Appeals, Wynnewood, 10th Circuit, Trump Administration, Woods Cross, CVR Energy Inc, HollyFrontier Corp, SRE policy

EPA says still studying appeals court ruling before deciding on SRE reform

In Washington, although Bloomberg reported earlier this week that the Trump Administration was going to revamp how refinery hardship waivers are awarded, Reuters reports that the administrator of the Environmental Protection Agency says the agency is still reviewing last month’s ruling by the U.S. Court of Appeals for the 10th Circuit that is forcing the policy rethink. He told a House Committee on Energy and Commerce that the EPA wants to comply with the court ruling but there was no announcem...
Tags: Washington, Bloomberg, Policy, Epa, Environmental Protection Agency, Reuters, U S Court of Appeals, House Committee on Energy and Commerce, Trump Administration, SRE reform

Oil prices dive to lowest in over a year on coronavirus fears - Reuters

:Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year, as new reports of novel coronavirus cases outside China spurred investor fears that the rapidly spreading outbreak could slow the global economy.Brent crude LCOc1 dropped $1.25, or 2.3%, to settle at $52.18 a barrel, off the session low of $50.97 a barrel, which was the lowest since December 2018. West Texas Intermediate (WTI) futures CLc1 sank $1.64, or 3.4%, to $47.09, after hitting their lowest level si...
Tags: Travel, China, Treasury, Reuters, Rupert Neil Bumfrey

Amazon bans 1+ million coronavirus products for false claims, addresses price-gouging for masks and sanitizer has banned the sale of over a million products in the last few weeks for inaccurate coronavirus health claims, the company told Reuters on Thursday. The struggle is real. If you search for "Purell" or "N95 mask" on Amazon in the USA today, the supplies are gone, or the offers are ridiculously higher than normal. Excerpt: Amazon also removed tens of thousands of deals from merchants that it said attempted to price-gouge customers. The world’s largest online retailer has faced scruti...
Tags: Health, Amazon, Europe, Post, Business, Usa, Technology, News, Tech,, US news, Italy, Reuters, Price Gouging, 3M Co, Amazon That

Trump mulls emergency move to ramp up production of coronavirus protective gear

U.S. health officials have told Americans to begin preparing for the spread of the virus in the United States.
Tags: Finance, Article, Trump, Reuters, FBN, Fbn/markets, Fox-business/topic/coronavirus, Dc8987e9-57a8-5bff-8569-349c97f5bed8

Amazon bars one million products for false coronavirus claims Inc has barred more than 1 million products from sale in recent weeks that had inaccurately claimed to cure or defend against the coronavirus, the company told Reuters on Thursday.
Tags: Amazon, Money, businessNews, Reuters, Amazon com Inc

Exclusive: U.S. mulls using sweeping powers to ramp up production of coronavirus protective gear

President Donald Trump's administration is considering invoking special powers through a law called the Defense Production Act to rapidly expand domestic manufacturing of protective masks and clothing to combat the coronavirus in the United States, two U.S. officials told Reuters. The use of the law, passed by Congress in 1950 at the outset of the Korean War, would mark an escalation of the administration's response to the outbreak. The virus first surfaced in China and has since spread to oth...
Tags: News, Congress, China, United States, Donald Trump, Reuters

Oil prices dive to lowest in over a year as virus fears grow - Reuters

Oil prices dive to lowest in over a year as virus fears grow - Reuters:Oil prices fell for a fifth straight day on Thursday, plunging to their lowest levels since January 2019 as more new coronavirus cases outside China fanned fears that a pandemic could slow the global economy.Brent crude LCOc1 was down $1.81, or 3.4%, at $51.61 a barrel at 11:51 a.m. ET (1651 GMT), off the session low of $50.97 a barrel, the lowest since December 2018. West Texas Intermediate (WTI) futures CLc1 fell by $2.06, ...
Tags: Travel, New York, China, Italy, Reuters, South Korea Japan, Rupert Neil Bumfrey, OANDA, Edward Moya

'Are you real?' Putin swears he doesn't have a body double

Russian President Vladimir Putin says he was offered a body double to make appearances in public for security reasons, but that he declined the offer, and has never used one, which totally sounds like something he'd say anyway if he were a body double and my brain hurts now. Putin, 67, has dominated Russian politics for more than two decades, and Russian conspiracy theories. “One of the more elaborate theories compares photographs of Putin over the years, claiming to have identified a number...
Tags: Post, Politics, News, Putin, Vladimir Putin, Weird, Russia, World news, Moscow, Reuters, Clones, TASS

Weekly jobless claims rise more than expected

The number of Americans filing for unemployment benefits increased more than expected last week, but the underlying trend remained consistent with solid labor market conditions.
Tags: Finance, Article, Reuters, FBN, Fbn/markets, Fox-business/jobs, 7d40f0e0-1622-5760-93e8-0490c5a549d5

JCPenney tops holiday sales targets

Net income fell to $27 million, or 8 cents per share, from $75 million, or 24 cents per share, a year earlier.
Tags: Finance, Article, Reuters, Jcpenney, FBN, Fbn/markets, Fox-business/markets/earnings, Fox-business/industries/retail, 1221e03d-caf1-5a4a-a708-d4e258cac2f7

Indigenous people may be the Amazon's last hope

Brazil’s divisive President Jair Bolsonaro has taken another step in his bold plans to develop the Amazon rainforest. A bill he is sponsoring, now before Congress, would allow transportation infrastructure to be built on indigenous territory. Such lands cover 386,000 square miles of the Brazilian Amazon – one-fifth of the jungle. Here, Native people are constitutionally entitled to exercise sovereignty over resource use.The right-wing Bolsonaro administration says “opening” the Amazon will boost...
Tags: Amazon, News, Congress, Brazil, Rio De Janeiro, Forest, Reuters, US National Science Foundation, Yanomami, Munduruku, Amazon About, Ecuadorian Amazon, Roraima, Belo Sun, Jair Bolsonaro, Bolsonaro

Blackstone's Schwarzman 'wondered' about buying Bloomberg

Blackstone Group Inc Chief Executive Stephen Schwarzman said the world's biggest private equity firm cannot buy Bloomberg should it come up for sale as long as the firm owns competitor Refinitiv.
Tags: Finance, Bloomberg, Article, Blackstone, Reuters, Schwarzman, Stephen Schwarzman, FBN, Fbn/markets, Fox-business/business-leaders, Blackstone Group Inc, Fox-business/person/michael-bloomberg, 2a2259f9-cc72-5be2-b952-adca4b1e0ce5

Oil falls for fifth day on demand concerns as coronavirus spreads - Reuters

:Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.Brent crude LCOc1 was down 60 cents, or 1.1%, at $52.83 a barrel at 0741 GMT. The contract earlier fell to as low as $52.53, the lowest since Jan. 2, 2019.West Texas Intermediate (WTI) futures CLc1 fell by 55 cents, or 1.1%, to $48.18 a barrel. It earlier fell to as low ...
Tags: Travel, China, Wti, Reuters, Jan, Rupert Neil Bumfrey

UPDATE 1- #Lebanon to ask for 7-day grace period for March 9 bond-source - Reuters

UPDATE 1-Lebanon to ask for 7-day grace period for March 9 bond-source - Reuters:Lebanon intends to ask for a seven-day grace period for a $1.2 billion Eurobond that matures on March 9, as it is entitled to, in order to give financial advisers more time to draft a restructuring plan, a government source said on Thursday.Lebanon would seek the seven-day grace period ahead of the March 9 date, the source said. The Lebanese government this week appointed U.S. investment bank Lazard and law firm Cle...
Tags: Travel, Lebanon, Lazard, Reuters, Cleary Gottlieb Steen Hamilton LLP, Rupert Neil Bumfrey

Thai tycoons in fray as Tesco sets bid deadline for $9 billion Asia business: sources - Reuters

Thai tycoons in fray as Tesco sets bid deadline for $9 billion Asia business: sources   Reuters
Tags: Asia, Shopping, Tesco, Reuters

With revenues falling, India's taxmen rake up three-year-old demonetization cases

MUMBAI Reuters) - Indian jewellers have received surprise tax notices asking them to turn over money they made from customers who scrambled to buy gold after Prime Minister Narendra Modi's 2016 ban on high-currency notes, according to a dozen jewellers and tax officials.
Tags: Money, India, Narendra Modi, businessNews, Mumbai, Reuters

Trump puts Pence in charge of US virus response – as it happened

Saudi Arabia bans religious tourists from entering country as WHO says virus now spreading faster outside China than in it. This blog is closedFollow our new coronavirus live blog for the latest news and updates 3.50am GMT We have now closed this blog and moved over to a new page. Here’s a summary of recent developments. 3.34am GMT From Reuters:A Korean Air flight attendant who has tested positive for coronavirus had worked on flights between Seoul and Los Angeles, local media reported.T...
Tags: Europe, Science, Saudi Arabia, China, Israel, US, Los Angeles, UK News, World news, Iran, Medical Research, Asia Pacific, Middle East and North Africa, Infectious Diseases, Italy, Who

CDC: 'coronavirus is inevitable.' Trump: 'not inevitable.'

There are now 80,000 confirmed cases of Coronavirus worldwide. A seemingly medicated president Donald J. Trump addressed the nation Wednesda about the growing global outbreak. In meandering and slurred remarks, Trump bizarrely contradicted the Centers for Disease Control scientists who are warning Americans to prepare for the coming of COVID-19 in the USA -- wild-eyed orange Don said it's 'not inevitable,' and everything is under control. Trump told Americans Wednesday night the risk of wid...
Tags: Health, Post, Japan, Usa, News, New York City, World news, US news, United States, National Security, Outbreak, Donald Trump, Trump, Reuters, Mike Pence, Don

Korean Air crew member who flew to Los Angeles has coronavirus: Reports

A Korean Air flight attendant has tested positive for coronavirus, and worked on flights between Seoul and Los Angeles, Korean media reported on Wednesday afternoon. The Korean Air cabin crew member diagnosed with coronavirus today flew home to South Korea from Los Angeles on February 19 — Steve Lookner (@lookner) February 25, 2020 The Korea Centers for Disease Control and Prevention (KCDC) said Wednesday the crewmember worked on a Korean Air KE958 flight from Israe...
Tags: Travel, Health, South Korea, Post, Business, News, Israel, Los Angeles, US news, Outbreak, Seoul, Korean Air, Reuters, Incheon, KCDC, Vincent Lee

Coronavirus live updates: Trump puts Mike Pence in charge of US response, says risk to Americans 'very low'

Saudi Arabia bans religious tourists from entering country as WHO says virus now spreading faster outside China than in it. Follow latest newsIreland v Italy in Six Nations postponed due to coronavirusZara Phillips will not self-isolate after Italy tripMore new cases outside China than inside, says WHOIs it safe to travel, and should children be kept home?Have you been affected by the coronavirus? 1.14am GMT South Korea’s centre for disease control has reported a further 334 new cases of Cov...
Tags: South Korea, Europe, Science, Saudi Arabia, China, US, UK News, World news, Iran, Medical Research, Asia Pacific, Middle East and North Africa, Infectious Diseases, Italy, Who, International Monetary Fund

Global stocks outlook still positive, but vulnerable to coronavirus- Reuters poll

Global stocks have further to run this year, but the likelihood of a correction of 10% or more is high, according to Reuters polls of market strategists, with the severity of the economic hit from the coronavirus outbreak being the biggest risk.
Tags: Money, businessNews, Reuters