Asian shares conquer 10-year peak oil up on Iraq tensions Asian shares conquer 10-year peak oil up on Iraq tensions: Asian shares advanced to a decade high on Monday, while U.S. oil futures jumped to hover near a six-month top as escalating tensions between the Iraqi government and Kurdish forces […]
Fed’s Yellen says watching inflation closely but economy is strong Fed’s Yellen says watching inflation closely but economy is strong: The U.S economy remains strong and the strength of the labor market calls for continued gradual increases in interest rates despite subdued inflation, Federal Reserve Chair Janet Yellen said on […]
Oil jumps on fears of new Iran sanctions Iraq conflict Oil jumps on fears of new Iran sanctions Iraq conflict: Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced […]
T-Mobile Sprint aim to announce merger without asset divestitures T-Mobile Sprint aim to announce merger without asset divestitures: T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost […]
Bombardier exploring options for aerospace businesse Bombardier exploring options for aerospace businesses: Canadian train-and-plane maker Bombardier Inc (BBDb.TO) is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday. The company is considering disposal of assets including its Q400 turboprop and CRJ regional-jet unit, […]
Kroger exploring sale of convenience stores shares rise Kroger exploring sale of convenience stores shares rise: Kroger Co (KR.N) said on Wednesday it was exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online businesses in a market share war that […]
Goldman creates ‘brain trust’ in effort to boost deals business Goldman creates ‘brain trust’ in effort to boost deals business: Goldman Sachs Group Inc (GS.N) is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots […]
Delta refuses to pay tariffs on Bombardier CSeries jets Delta refuses to pay tariffs on Bombardier CSeries jets: Delta Air Lines Inc on Wednesday said it would refuse to pay a 300 percent U.S. tariff on Canadian-built Bombardier CSeries jets, raising doubts about its purchase of 75 of the new […]
Oil prices settle up on demand forecasts Kurdistan tensions Oil prices settle up on demand forecasts Kurdistan tensions: Oil prices rose for the third day on Wednesday as OPEC forecast higher demand for 2018 and heightened tensions in Kurdistan supported prices. Brent crude futures LCOc1 rose 33 cents, or 0.6 […]
Oil slips despite expected OPEC extension of output cuts Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production. Brent crude oil was down 20 cents at $56.74 a barrel by 0840 GMT. U.S. light crude was 35 cents lower at $50.95. Both […]
