SEOUL (Reuters) – Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight sessions on expectations of an easing of in U.S.-China trade tensions. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019. REUTERS/Nick Oxford Brent crude futures LCOc1 were
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BEIRUT (Reuters) – Lebanese traders are struggling to pay for imports of everything from pasta to nappies as banks impose restrictions on lines of credit in response to concerns about tighter liquidity after weeks of street demonstrations. Hani Bohsali, general manager of Bohsali Foods, stands in the street in Beirut, Lebanon, November 4, 2019. REUTERS/Tom
TOKYO (Reuters) – Oil prices steadied on Tuesday as investors kept an eye on U.S. inventory data due later, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann Brent
DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing as the kingdom seeks to diversify its economy away from oil. But in its long-awaited announcement, Aramco, the
DETROIT (Reuters) – The president of the United Auto Workers union, who has been linked here to an ongoing corruption probe by U.S. federal officials, has taken a leave of absence, the union said on Saturday in a statement. FILE PHOTO: United Auto Workers President Gary Jones, who will take an indefinite leave of absence,
(Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s inability to deploy the conglomerate’s cash. FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat
FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage (Reuters) – California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E’s other creditors in Sacramento next week
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has appointed Huibert Vigeveno to head its downstream business, the refining, trading and marketing operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy. FILE PHOTO: The logo of Royal Dutch Shell at a petrol station in Sint-Pieters-Leeuw,
SHANGHAI (Reuters) – China will use a giant import fair in Shanghai next week to try to showcase its free trade credentials, temper criticism of its policies and deepen its global economic influence at a time of fresh uncertainty over the China-U.S. trade war. FILE PHOTO: People walk past an advertisement for the upcoming China
FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam (Reuters) – Shares of Facebook Inc (FB.O) rose nearly 5% on Thursday, a day after the social network reported its third straight rise in the pace of quarterly sales growth
TOKYO (Reuters) – Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie,
(Reuters) – When Federal Reserve officials conclude their two-day policy meeting on Wednesday, they may at last have succeeded in divorcing the actions they take in managing the U.S. central bank’s massive balance sheet from interest rate decisions. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
TOKYO (Reuters) – Japanese retail sales grew at the strongest pace in 5-1/2 years in September as consumers rushed to buy big-ticket items to beat a rise in the country’s sales tax, raising concerns spending could pull back sharply in the coming months. FILE PHOTO: A man walks in front of an electronics store in
(Reuters) – The S&P 500 hovered near its record high on Tuesday, lifted by upbeat earnings from drugmakers Merck and Pfizer, while a disappointing quarterly profit from Google-parent Alphabet kept the Nasdaq firmly in the negative territory. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S.,
FILE PHOTO: A sign is pictured outs a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave Paresh (Reuters) – Australia’s consumer regulator filed a lawsuit against Alphabet Inc’s (GOOGL.O) Google on Tuesday, alleging it misled consumers about how it was collecting, storing and using personal location data. The
(Reuters) – Richard Branson-backed Virgin Galactic Holdings Inc (SPCE.N) started trading on the New York Stock Exchange on Monday, becoming the first space tourism company to hit public markets. Sir Richard Branson rings a bell on the floor of the New York Stock Exchange (NYSE) as Virgin Galactic (SPCE) begins public trading in New York,