OPEC+ panel shifts date of next meeting to Aug 19: sources - Reuters

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) - An OPEC+ ministerial panel monitoring the group’s oil supply reduction deal will hold its next virtual meeting on Aug. 19, a day later than previously planned, three OPEC+ sources said on Friday, without giving a reason for the date change.

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S&P 500 ends almost flat as record remains elusive - Reuters

(Reuters) - The S&P 500 ended nearly flat on Friday despite coming close again to its record closing high, as data on the U.S. economy added to uncertainty over the recovery.

FILE PHOTO: The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. REUTERS/Brendan McDermid

Aggressive stimulus measures have helped the three main U.S. stock indexes


EU takes first step to impose new sanctions on Belarus - Reuters

BRUSSELS (Reuters) - The European Union on Friday took the first step to impose new sanctions on Belarus over a disputed election last Sunday and a crackdown on protests that followed, instructing its foreign policy arm to prepare a blacklist of responsible individuals.

FILE PHOTO: President of the European Commission Ursula von der Leyen wears a protective face mask as she attends a plenary session at the European Parliament in Brussels, Belgium July 8, 2020. REUTERS/Yves Herman/Pool/File Photo

President Alexander Lukashenko claimed victory


Breakingviews - Viewsroom: Biden takes corporate succession cue - Reuters

SAN FRANCISCO/NEW YORK (Reuters Breakingviews) - The presumptive Democratic candidate to challenge Donald Trump for the presidency chose California Senator Kamala Harris as his running mate. Gina Chon and Rob Cox discuss the parallels with corporate succession planning and what the choice says about economic policy.

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Factbox: How Trump followed through on his immigration campaign promises - Reuters India

LOS ANGELES (Reuters) - U.S. President Donald Trump took a hard line on immigration in the 2016 election, making it his signature campaign issue. Now, as he runs for re-election, he is highlighting the promises he says he kept and warning that his Democratic challenger Joe Biden will roll them back.

FILE PHOTO: U.S. President Donald Trump waves as he tours a section of new U.S.-Mexico border wall built in San Luis, Arizona, U

Explainer: Who pays for Mauritius oil spill and how much? - Reuters India

TOKYO (Reuters) - A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation of Mauritius on July 25, spilling about 1,000 tonnes of fuel oil and triggering a state of “environmental emergency”.

FILE PHOTO: A volunteer cleans oil spilled from the bulk carrier ship MV Wakashio, belonging to a Japanese company but Panamanian-flagged, that ran aground on a reef, at the Mahebourg Waterfront in Riviere des Creoles, Mauritius, August 12, 2020.

Take Five: Impasse! - Reuters

FILE PHOTO: A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. REUTERS/Mike Segar

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U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse.

Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage


Sterling rises as dollar falls amid thin August trading - Reuters

LONDON (Reuters) - The pound rose on Friday as the dollar fell amid thin August trading, keeping most investors on the sidelines from making directional decisions on the British currency.

FILE PHOTO: An English ten Pound note is seen in an illustration taken March 16, 2016. REUTERS/Phil Noble/Illustration

Sterling inched up 0.3% at $1.3111 and up 0.2% at 90.27 pence against the euro. It has risen nearly 7


Moscow Exchange to launch early trading on FX, derivatives market in 2021 - Reuters

MOSCOW, Aug 14 (Reuters) - The Moscow Exchange, Russia’s largest bourse, said on Friday it will start trading foreign currency and derivatives three hours earlier in the first quarter of 2021 and extend its hours of operation.

The Moscow Exchange has long considered extending trading hours to attract more clients and this year prolonged the evening session on its stock market that draws in retail investors.

The bourse said its decision to move the start of FX and derivatives trade to 0400 GMT,


Coronavirus pushes Q2 net profit of Russian diamond miner Alrosa down 98% - Reuters UK

MOSCOW, Aug 14 (Reuters) - Russian state-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300 million roubles ($4 million) as the novel coronavirus outbreak hit demand for precious stones.

The global diamond supply chain has been convulsed by the pandemic, prompting Alrosa and its peers to carry on with critically low sales for months. Alrosa’s second-quarter sales in carats shrunk by 92%.

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