Correspondent, London
Jack's Feed
Apr 3, 2015

Russian billionaire becomes obstacle to Holcim-Lafarge deal

LONDON/MOSCOW, April 3 (Reuters) – A Russian billionaire
with a reputation for corporate bust-ups is trying to play
spoiler in Holcim and Lafarge’s effort to
create the world’s biggest cement company, only weeks before a
shareholder vote to ratify the merger.

Filaret Galchev, second-largest shareholder in Switzerland’s
Holcim with 10.8 percent, is ramping up the pressure to
renegotiate a better deal.

Mar 19, 2015

Lada maker’s hopes rise as rival flees Russian car market

MOSCOW, March 19 (Reuters) – Russian carmaker Avtovaz
, producer of the much-derided but best-selling Lada,
expects to grab a bigger share of the shrinking domestic market
as its international rivals pull back.

With Russian car sales plunging, U.S. automaker General
Motors Co said on Wednesday it would shut its plant in
the country and wind down its Opel brand in the once-promising
emerging market.

Mar 13, 2015

Russia rejects U.S. concerns over Vietnam base role in bomber flights

MOSCOW/WASHINGTON (Reuters) – Russia on Friday rejected U.S. concerns about its use of a former American base in Vietnam for the refueling of Russian bomber flights around U.S. territory in the Pacific, dismissing recent U.S. statements as “puzzling” and “strange”.

Reuters reported on Wednesday that the United States had asked Vietnam to stop letting Russia use Vietnam’s Cam Ranh Bay for tanker aircraft that have refueled nuclear-capable bombers engaged in shows of strength over the Asia-Pacific region.

Feb 20, 2015

Oil slips toward $60 as oversupply weighs

LONDON (Reuters) – Brent crude oil fell toward $60 a barrel on Friday as oversupply, underlined by record-high U.S. crude stocks, weighed on the market.

U.S. crude inventories rose 7.7 million barrels to 425.6 million barrels last week, rising for a sixth straight week to record highs, data from the Energy Information Administration (EIA) showed on Thursday. <EIA/S>

Feb 20, 2015

Oil falls below $60 as oversupply weighs

LONDON (Reuters) – Brent crude oil fell below $60 a barrel on Friday as oversupply, supported by record-high U.S. crude stocks, weighed on the market.

U.S. crude inventories rose 7.7 million barrels to 425.6 million last week, rising for a sixth straight week to record highs, data from the Energy Information Administration (EIA) showed on Thursday.

Feb 18, 2015

Oil falls towards $61 as rally’s sustainability in question

LONDON (Reuters) – Oil fell more than $1 towards $61 a barrel on Wednesday, failing to build on gains of over 1 percent in the previous session as analysts said a recent rally was overblown.

“The lack of follow-through higher yesterday is a worry and there’s plenty of reason to be neutral here and observe carefully,” PVM Oil Associates director and technical analyst Robin Bieber said.

Feb 18, 2015

Oil falls below $62 as analysts doubt recent rally

LONDON (Reuters) – Oil dropped below $62 a barrel on Wednesday, failing to build on gains of more than 1 percent in the previous session as analysts said a recent rally in prices was overblown.

“The lack of follow-through higher yesterday is a worry and there’s plenty of reason to be neutral here and observe carefully,” PVM Oil Associates director and technical analyst Robin Bieber said.

Feb 16, 2015

Oil near $62 on Libya violence, Kuwait sees prices supported

LONDON, Feb 16 (Reuters) – Oil rose to near $62 a barrel on
Monday, supported by concerns over the escalating conflict with
Islamic State militants in Libya and predictions of lower supply
levels in the second half of the year.

Egypt’s air force bombed Islamic State targets inside Libya
on Monday and Cairo renewed calls for a U.S.-led coalition to
confront militants there, a day after the group released a video
appearing to show the beheading of 21 Egyptians.

Feb 16, 2015

Oil steadies around $61, Kuwait sees prices supported

LONDON, Feb 16 (Reuters) – Oil steadied around $61 a barrel
on Monday, holding gains from last week, after Kuwait’s oil
minister said lower supply levels would support prices in the
second half of the year.

The recent rally “will start holding gains now and hopefully
in the second half of 2015 we will see better prices”, the
minister, Ali al-Omair, said.

Feb 13, 2015

Oil tops $60 for first time in 2015, industry cutbacks support

LONDON (Reuters) – Oil rose above $60 a barrel on Friday for the first time this year, bringing gains this week to 4 percent, supported by signs that deeper industry spending cuts may curb excess supply.

Also supporting oil, euro zone economic growth accelerated unexpectedly in the final quarter of 2014 as the bloc’s largest member, Germany, expanded at more than twice the expected rate.