Activist Investor Cevian Takes Axe to Thyssenkrupp Stake

Cevian cuts stake by more than 5.6 Thyssenkrupp turnaround failed to boost share price Cevian first disclosed stake in 2013 FRANKFURT, Nov 22 Reuters Activist fund Cevian has cut its stake in Thyssenkrupp to less than 1, it said on Tuesday, effectively ending its lossmaking engagement with the German industrial group after years of restructuring that […]
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Oil Drops for Fourth Day on China Demand Concerns

Millions in Chinese manufacturing hub taking COVID tests U.S. crude stockpiles rise more than forecast Coming up U.S. inflation data LONDON, Nov 10 Reuters Oil extended losses on Thursday for a fourth consecutive session as renewed COVID curbs in China raised concern about fuel demand in the world39;s biggest crude importer. China is battling a […]
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Oil Reverses Gains, Falls on China COVID Surge, Firmer USD

Brent, WTI prices ease after Friday39;s gains Major China cities report record number of COVID19 cases U.S. Fed not softening fight against inflation Gov. Waller SINGAPORE, Nov 14 Reuters Oil prices pared earlier gains and fell on Monday, dragged down by a firmer U.S. dollar and record high coronavirus cases in major Chinese cities that […]
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Oil Falls by over 1bbl on Chinese Demand Concerns

LONDON, Nov 15 Reuters Oil prices fell by more than 1 a barrel on Tuesday as rising COVID19 cases in China renewed fears of lower fuel consumption from the world39;s top crude importer. Brent crude futures fell 1.07, or 1.15, to 92.07 a barrel by 1005 GMT after settling 3 lower on Monday. U.S. West […]
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Oil Prices Up after Incident Involving Vessel off Oman Coast

Druzhba pipeline temporarily suspended China39;s COVID policy dims demand outlook U.S. stockpiles decline, more data awaited LONDON, Nov 16 Reuters Oil prices rose on Wednesday, erasing earlier losses, after an incident involving a commercial vessel off the coast of Oman, but rising COVID19 cases in China capped gains. Brent crude futures gained 65 cents, or […]
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Oil Falls on Easing Geopolitical Tensions, China Demand Worries

NATO, Poland comments on missile ease fears of wider war Struggling Chinese demand weighs U.S. crude inventories decline more than expected LONDON, Nov 17 Reuters Oil slipped on Thursday, pressured by easing concerns over geopolitical tensions and Chinese demand worries, although signs of tighter supply including lower U.S. inventories lent support. Poland and NATO said […]
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Oil Ease to Trade near 2Month Lows on China Demand Fears

Brent, WTI contracts earlier fell by around 1 a barrel Beijing districts close schools as China39;s COVID cases rise Higher dollar weighs on prices LONDON, Nov 21 Reuters Oil prices dropped to trade near twomonth lows on Monday, having earlier slid by around 1 a barrel, as supply fears receded while concerns over fuel demand […]
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