Barclays' exit from energy trading stirs concerns over liquidity Dec 5, 2016 03:11PM

By Catherine Ngai and Olivia Oran

NEW YORK (Reuters) - British bank Barclays Plc has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices.

Wall Street firms have scaled back in commodity markets since the 2008 financial crisis from owning physical assets or... (continue reading...)


GE Power sees little sales impact if U.S. quits climate deals Dec 5, 2016 02:39PM

By Alwyn Scott

NEW YORK (Reuters) - General Electric's (NYSE: GE) sales of power plant upgrades would not suffer much if the United States bailed out of climate change treaties under a Trump administration as utilities still want the economic benefits that come with modernizations, GE's power services chief said on Monday.

President-elect Donald Trump has called global warming a hoax and threatened to quit climate accords, though he recently... (continue reading...)


Hedge funds trim bullish bets on U.S. crude ahead of OPEC deal Dec 2, 2016 03:50PM

NEW YORK (Reuters) - Hedge funds and money managers scaled back their bullish bets on U.S. crude oil in the days ahead of a landmark deal by the world's top crude exporters to cut production and rein in a global glut, data showed on Friday.

The speculator group cut its combined futures and options position in New York and London by 2,418 contracts to 189,677 during in the week to Nov. 29, the U.S. Commodity Futures Trading Commission (CFTC) said. That cut... (continue reading...)


N.Y. Fed raises U.S. fourth-quarter GDP growth view to 2.67 percent Dec 2, 2016 11:34AM

NEW YORK (Reuters) - The U.S. economy is on track to expand at a 2.67 percent annualized pace in the fourth quarter following stronger-than-expected data on domestic income and jobs growth, the New York Federal Reserve's forecast model showed on Friday.

The latest fourth-quarter GDP estimate was faster than the 2.50 percent growth rate calculated on Nov. 25, the New York Fed said on its website.

(Reporting by Richard Leong)


Chicago murders top 700 for first time in nearly two decades Dec 1, 2016 04:59PM

By Timothy Mclaughlin and Renita D. Young

CHICAGO (Reuters) - Murders in Chicago have already topped 700 this year, police said on Thursday, as a surge in violence in the third largest U.S. city has sent the number of killings to its highest point in nearly two decades.

There were 77 murders in November, according to the Chicago Police Department, bringing the number of murders to 701 for the year to date.

Murders have surged... (continue reading...)


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