Crude oil rises after report shows drop in stockpiles Crude oil rises after report shows drop in stockpiles:- Oil futures rose nearly 1 percent on Thursday after data released by an industry group showed a surprise decline in U.S. crude stocks as imports fell, lending support to the view that […]
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Mnuchin says dollar strength reflects confidence in U.S. economy Mnuchin says dollar strength reflects confidence in U.S. economy:- U.S. Treasury Secretary Steven Mnuchin on Wednesday praised the strong dollar as a reflection of confidence in the U.S. economy, telling The Wall Street Journal in an interview that it was "a […]
Federal Reserve minutes point to rate hike fairly soon Federal Reserve minutes point to rate hike fairly soon:- Many Federal Reserve policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the […]
Trump to seek jobs advice from firms that offshore U.S. work Trump to seek jobs advice from firms that offshore U.S. work:- President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, will seek job-creation advice on Thursday from at least five companies that are laying off […]
Asia stocks ease, dollar steadies after Fed-led losses Asia stocks ease, dollar steadies after Fed-led losses:- Asian stocks eased from a 19-month high on Thursday, while the dollar made an uneven recovery from losses suffered after Federal Reserve minutes indicated a cautious approach to raising U.S. interest rates. MSCI's broadest […]
Wall Street challenges U.S. regulator over proposed commodities rule Wall Street challenges U.S. regulator over proposed commodities rule:- Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an […]
Wells Fargo fires four executives amid probe into account scandal Wells Fargo fires four executives amid probe into account scandal:- Wells Fargo & Co has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practices in its retail […]
Automakers urge new EPA chief to withdraw Obama car fuel-efficiency rules Automakers urge new EPA chief to withdraw Obama car fuel-efficiency rules:- A trade association representing General Motors Co (GM.N), Toyota Motor Corp (7203.T), Volkswagen AG (VOWG_p.DE) and nine other automakers on Tuesday asked new Environmental Protection Agency chief Scott […]
Gold steady as investors look for rate hike clues from Fed Gold steady as investors look for rate hike clues from Fed:- Gold held firm on Wednesday after falling as much as 1 percent the session before, with investors waiting for minutes from the Federal Reserve's latest meeting for clues […]
U.S. oil holds near 7-week high, OPEC upbeat on output curbs U.S. oil holds near 7-week high, OPEC upbeat on output curbs:- Oil prices held near multi-week highs on Wednesday after OPEC signalled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since […]
