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Updated: 2 hours 13 min ago

Wisconsin Republicans move to undercut incoming Democratic governor

Wed, 12/05/2018 - 2:38pm
Facing the loss of complete control of state government next month, Wisconsin Republicans passed legislation on Wednesday to weaken the powers of the newly elected Democratic governor and attorney general.

Waymo unveils self-driving taxi service in Arizona for paying customers

Wed, 12/05/2018 - 2:27pm
Alphabet's Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares.

An OPEC return to 2016 oil quotas could mean a cut of 1.2 million bpd

Wed, 12/05/2018 - 2:26pm
If OPEC and its allies led by Russia agree to reduce oil output next year by reverting to 2016 production quotas, it would imply an OPEC-only supply curb of at least 1.2 million barrels per day (bpd), according to Reuters calculations.

Shale's growing profits at the mercy of OPEC cuts and Trump's tweets

Wed, 12/05/2018 - 6:46am
The recent nosedive in crude prices came just as shale producers had started delivering healthy returns after years of heavy spending to boost production and market share.

Glencore, Trafigura, Vitol bribed Petrobras staff-Brazil prosecutors

Wed, 12/05/2018 - 6:45am
Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business.

Investors recalibrate chances of Brexit reversal after May defeats

Wed, 12/05/2018 - 6:32am
U.S. investment bank J.P. Morgan said on Wednesday the chances of Britain calling off its divorce from the European Union had increased after a string of humiliating parliamentary defeats for Prime Minister Theresa May cast new doubt over her plan to quit the bloc and sent sterling higher.

Takeda investors back $59 billion Shire deal, but wary of debt load

Wed, 12/05/2018 - 6:22am
Takeda Pharmaceutical shareholders approved on Wednesday its $59 billion takeover of London-listed Shire , creating a global powerhouse with a stronger drugs pipeline but one that is saddled with massive debt.

Bush funeral to hark back to 'kinder, gentler' era in U.S. politics

Wed, 12/05/2018 - 6:17am
Former President George H.W. Bush's long, full life will be celebrated on Wednesday at a funeral expected to be a remembrance of times past when American politics were less contentious.

EU pushes for broader global use of euro to challenge dollar

Wed, 12/05/2018 - 6:16am
The European Commission published on Wednesday non-binding proposals to boost the role of the euro in international payments and its use as a reserve currency to challenge the dominance of the dollar.

Wisconsin Republicans, Democrats, debate laws that curb incoming Democrats' power

Wed, 12/05/2018 - 6:08am
A marathon legislative session at the Wisconsin state capitol dragged on overnight into early Wednesday as Republican state lawmakers sought to approve a set of bills that weaken both the incoming Democratic governor and attorney general.

U.N. talks leader sees greener future for coal-dependent Poland

Wed, 12/05/2018 - 6:06am
The Polish official leading U.N. talks to revive the Paris climate deal said his country is committed to greener fuel even though his president has vowed not to let anyone "murder coal mining".

Danske investors bank on Maersk clan to chart course through crisis

Wed, 12/05/2018 - 5:42am
Danske Bank's top investors are looking to Denmark's Maersk family to steer the country's largest lender through the turmoil of a 200 billion euro ($227 billion) money laundering scandal.

Saudi energy minister meets U.S. Iran envoy in Vienna ahead of OPEC

Wed, 12/05/2018 - 5:37am
Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, sources familiar with the meeting said.

Hyundai, South Korea talks on low-cost carmaking JV hit snag

Wed, 12/05/2018 - 5:28am
Hyundai Motor's talks to build a low-cost carmaking factory with a local government suffered a setback on Wednesday as the South Korean automaker rejected proposed revisions to certain terms related to wage negotiations.

Hyundai Motor's South Korean workers to strike Thursday: union source

Wed, 12/05/2018 - 5:28am
Hyundai Motor's South Korean union will stage a four-hour strike on Thursday to protest against the automaker's move to set up a low-cost carmaking joint venture, a union source told Reuters.

Guardian of New Hampshire primary faces first challenge in decades

Wed, 12/05/2018 - 5:14am
Bill Gardner, the New Hampshire official who has zealously guarded his state's position kicking off U.S. presidential races for four decades, could end his long run in office on Wednesday if lawmakers pick a new secretary of state.

'Badass' national security women offer Democrats a Trump antidote

Wed, 12/05/2018 - 5:13am
Virginia Democrat Abigail Spanberger had a potent defense against attacks by President Donald Trump and other Republicans casting her party as weak on national security: her career as a covert CIA counter-terrorism officer.

Istanbul prosecutor seeks arrest of Saudi officials over Khashoggi killing

Wed, 12/05/2018 - 5:01am
Istanbul's chief prosecutor has filed warrants for the arrest of a top aide to Saudi Arabia's de facto ruler and the deputy head of its foreign intelligence on suspicion of planning the killing of Jamal Khashoggi, two Turkish officials said on Wednesday.

U.N. rights boss Bachelet seeks international inquiry into Khashoggi murder

Wed, 12/05/2018 - 4:36am
United Nations human rights chief Michelle Bachelet said on Wednesday that an international investigation was needed to determine who was responsible for the murder of Saudi journalist Jamal Khashoggi in October.

Exclusive: China's Unipec to buy U.S. oil after Xi-Trump tariff truce

Wed, 12/05/2018 - 4:31am
Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, three sources with knowledge of the matter said.

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