Asian shares dogged by trade worries, oil keeps gains
TOKYO (Reuters) - Asian shares got the week off to a cautious start on Monday amid lingering concerns about escalating trade frictions while U.S. oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in production.
Brent oil prices drop by 2 percent as traders expect output rise after OPEC deal
SINGAPORE (Reuters) - Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
Low risk ECB extends QE into next year, say economists
BENGALURU (Reuters) - The European Central Bank will end its asset purchases by year-end as scheduled, according to a Reuters poll of economists who said the risk bond-buying will continue into next year was low, even with growth likely to slow and inflation stay tame.
EU to respond to any U.S. auto tariff move: report
PARIS (Reuters) - The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.
Saudi pledges 'measurable' oil supply boost as OPEC, Russia agree deal
VIENNA (Reuters) - OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers.
Half of EU business leaders cut UK investment over Brexit: survey
FRANKFURT (Reuters) - Britain's looming departure from the European Union has led nearly half of big companies from the rest of the bloc to cut investment in the country, a poll of 800 executives released two years after the Brexit referendum found.
Buoyant euro keeps dollar off 11-month highs, trade issues in focus
TOKYO (Reuters) - The buoyant euro kept the dollar from hitting an 11-month high on Monday, with trade issues between the United States and the European Union seen deciding the near-term direction for the currencies.
NZ central bank set to keep low rates as growth slows, trade woes cloud outlook
WELLINGTON (Reuters) - New Zealand's central bank is set to keep interest rates on hold this week and signal that no monetary tightening is on the cards in the near-term, with inflation subdued and escalating global trade friction clouding the outlook for an already slowing economy.
Iran sees little extra oil if OPEC, partners stick to deal
VIENNA (Reuters) - Iran said on Saturday the world will see little extra oil reaching the market if OPEC and its partners adhere properly to a supply pact, underlining a disagreement with top exporter Saudi Arabia.
As trade war looms, China cuts some banks' reserve requirements to boost lending
BEIJING (Reuters) - China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.