U.S. stock futures up on North Korea, euro shaken by Italy, oil falls
TOKYO (Reuters) - U.S. stock futures rose on Monday on signs that the United States and North Korea are still working towards holding a summit next month, while oil prices extended losses on expectations of more supply from major producers.
Oil prices fall as supply from top three producers set to rise
SINGAPORE (Reuters) - Oil prices dropped on Monday on signs that output from the three top crude producers, Russia, the United States and Saudi Arabia, would climb to meet concerns about supply amid strong demand.
Bahrain sees 'no glimmer of hope' for ending Qatar crisis soon
RIYADH (Reuters) - Bahrain sees no resolution in sight to a diplomatic row between Qatar and its neighbors, which cut diplomatic and trade ties with the tiny Gulf Arab state nearly a year ago.
Euro crawls off 6-1/2-month lows, Italian political woes limit bounce
TOKYO (Reuters) - The euro crawled off a 6-1/2-month low against the dollar on Monday, catching its breath after last week's steep decline, although broader concerns about political turmoil in Italy limited the currency's recovery.
Qatar bans goods from UAE, Saudi as embargo anniversary approaches
DUBAI (Reuters) - Qatar said it was banning products originating from the United Arab Emirates, Saudi Arabia, Egypt and Bahrain, almost a year after those states imposed an embargo on Doha, accusing it of supporting terrorism.
Altice USA shares could rise by 50 percent: Barron's
(Reuters) - Altice USA Inc's
shares could rise by 50 percent to approach nearly $30 as tax benefits and share buybacks fortify a company hoping to stave off cable television subscription declines, according to Barron's.
Factbox: Hurricane season U.S. stocks to watch
NEW YORK (Reuters) - Several Atlantic Ocean hurricanes in 2017 wrought heavy damage in the Caribbean and U.S. mainland, but for U.S. stocks in several industries, including hotels and transportation, they were a tailwind.
Trump metals tariffs make Granite City great again, but at what cost?
GRANITE CITY, Ill. (Reuters) - After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois.
Oil output could return to October 2016 level, says Russia's Novak
MOSCOW (Reuters) - A return to the oil production levels that were in place in October 2016, baseline for the current deal to cut output, is one of the options for easing curbs, Russia's energy minister said on Saturday.
Oman advises Dhofar businesses to close after cyclone hits
DUBAI (Reuters) - Oman on Sunday advised all private sector establishments in Dhofar region to shut down for three days after Cyclone Mekunu hit the southern part of the Gulf Arab country, causing extensive damage that halted operations at Salalah port.