The oil cartel agreed to curb output for the first time in eight years. And this time, even non-OPEC producers like Russia are pitching in, as Fred Katayama reports.
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Wednesday, November 30, 2016
Breakingviews TV: Treasury under Trump
Antony Currie and Gina Chon discuss nominee Steven Mnuchin's Wall Street background and whether his bipartisan bent bodes well for securing broad support for U.S. fiscal policy.
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Ross and Mnuchin are relatively safe choices - analyst
President-elect Donald Trump picks ex-Goldman Sachs Steven Mnuchin to lead the U.S. Treasury Department and billionaire Wilbur Ross for the Commerce, and Wall Street breathes a sigh of relief, says an analyst. Bobbi Rebell reports.
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Tepid inflation muddies brighter euro zone picture
German retail sales rose at their fastest pace in more than five years in October, reinforcing expectations that private consumption will remain the main growth driver in Europe's largest economy this year. But low inflation is still a worry for the ECB. David Pollard reports.German retail sales rose at their fastest pace in more than five years in October, reinforcing expectations that private consumption will remain the main growth driver in Europe's largest economy this year. But low inflation is still a worry for the ECB. David Pollard reports.
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ANZ Bank increasing caution on property lending
Australia and New Zealand Banking Group Chief Executive Shayne Elliott says his bank has become more cautious about lending to apartment developers and buyers due to concerns about overdevelopment and stagnant household incomes. Ross Miklaszewicz reports.
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Tuesday, November 29, 2016
Health stocks boost Wall Street; energy a drag
U.S. stocks edged higher as an upbeat outlook from UnitedHealth lifted health insurers, though a sharp drop in oil prices weighed on energy shares. Bobbi Rebell reports.
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Pipeline protesters ordered to leave
North Dakota's governor ordered pipeline protesters to leave, citing hazards posed by harsh weather as a blizzard bore down on the area. Bobbi Rebell reports.
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