Monday, November 19, 2018
LONDON - Oil prices rose on Thursday to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters top exporter Saudi Arabia is seeking to push oil prices higher. Brent crude oil futures LCOc1 rallied as high as $74.44 a barrel, the...
BENGALURU — Gold prices were steady on Tuesday as the US dollar remained on the back foot, with the metal supported by festering concern about US-China trade tension. Spot gold was unchanged at $1,345.62/oz as of 3.22am GMT. "Despite a quietening of negative headlines overnight, its unlikely we’ve seen the last of China trade...
SINGAPORE - Oil fell more than 1 percent on Monday as markets opened following western air strikes in Syria over the weekend, while a rise in U.S. drilling for new production also dragged on prices. The United States, France and Britain launched 105 missiles on Saturday, targeting what they said were three chemical...
WASHINGTON - The Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce the amount of capital they must hold as a cushion against a future economic shock. The proposal may clear the way for some large banks to reduce their capital levels in the future but...
SINGAPORE - Oil markets rose by more than 1 percent on Tuesday, extending strong gains from the previous session, on hopes a trade dispute between the United States and China may be resolved without greater damage to the global economy. Despite this, prices remain within recent ranges as oil markets still...
FRANKFURT - Deutsche Bank’s leadership must take tough decisions to avoid further setbacks and will review the structure of its investment bank, new CEO Christian Sewing told staff on Monday. Retail banking specialist Sewing was named as chief executive late on Sunday, signaling a possible retreat from decades of investment banking expansion...
WASHINGTON/BEIJING - China condemned the United States on Wednesday as the Trump administration pushed ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent countermeasures in the escalating trade dispute. The U.S. government hours earlier unveiled a detailed breakdown of some 1,300 Chinese...
NEW YORK - Spotify Technology SA’s unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are looking to sell their shares but are not in need of cash. On Tuesday, investors will be able to buy and sell shares in the Swedish...
SINGAPORE - Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.59 a barrel at 0656 GMT, up 53 cents, or 0.9...
LONDON - Shares were stuck on their worst run since November on Monday, as caution gripped traders in a week in which the Federal Reserve is likely to raise U.S. interest rates and perhaps signal as many as three more hikes lie in store this year. A near 1 percent drop...