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Wild cats, boas are obstacles in Mexican president's refinery race


PARAISO, Mexico Mexican President Andres Manuel Lopez Obrador's race to build an oil refinery in record time on land that was until recently alive with mangrove, wild cats and boa constrictors, has run into trouble, complicating his effort to revive ailing state-oil company Pemex.

Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools - sources

BEIJING China's central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a move, policy sources told Reuters.

7:16am EST

AccorHotels' 2018 profit rises, beefs up lifestyle loyalty initiatives

PARIS AccorHotels, Europe's largest hotel company, posted record operating profits for 2018, helped by cost controls and robust demand in most key regions including France and Brazil.

6:21am EST

Purplebricks shares plummet on lower revenue forecast

Shares of Purplebricks lost over a third of their value on Thursday after the British online estate agent cut its full-year revenue forecast and warned that revenue from the United States and Australia would not meet its expectations.

5:39am EST

Adani Enterprises could wait up to two years for Carmichael mine approval

NEW DELHI India's Adani Enterprises might have to wait up to two years to get two environmental approvals to start construction at its controversial Carmichael coal mine in Australia, a Queensland government official told Reuters.

5:11am EST

Australia posts bumper jobs run but soft outlook keeps rate cut views alive

SYDNEY Australia's jobs growth surged past all expectations in January as firms took on more full-time staff while the jobless rate stayed at its lowest in seven years, barnstorming performance that will boost policymakers confidence in the economy.

Feb 20 2019

Buffett's Suncor bet to revive investor interest in Canadian energy

TORONTO Berkshire Hathaway Inc's re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said.

Feb 20 2019

Spain proposes $53 billion public investment in climate change plan

MADRID Spain's Socialist government announced a 47 billion euro ($53 billion) public investment plan on Wednesday to tackle climate change over 10 years, which would be partly financed by issuing green bonds.

Feb 20 2019

U.S. mortgage requests rise as loan rates hold near 10-month low: MBA

U.S. mortgage applications increased for the first time in five weeks as most home borrowing costs hovered near their lowest in 10 months, the Mortgage Bankers Association said on Wednesday.

Feb 20 2019

EU medicines agency loses bid to end London lease over Brexit

LONDON The European Medicines Agency (EMA) has lost its bid to cancel a lease on its office in London's Canary Wharf financial district due to Brexit, in a landmark ruling that lawyers said could stave off similar such claims by other tenants.

Feb 20 2019