Oil recovers lost ground, but market remains under pressure Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. U.S. West Texas Intermediate […]
Latest Business News Today
IMF members set aside trade split as French vote rattles nerves International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election. Concerns that […]
GE shares fall on cash, business worries though profit beats General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow. The maker of jet engines, power plants and […]
Two big California pension systems oppose nine Wells Fargo directors Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal. Leaders of the […]
Wall Street gears up for busiest earnings week in years Forget about French elections or the flagging Trump trade. Corporate America is set to unleash its biggest profit-reporting fest in at least a decade next week, with more than 190 members of the S&P 500 index .SPX delivering quarterly scorecards, […]
Pernod rides U.S and China growth, cautions on India highway ban Pernod Ricard's (PERP.PA) third quarter sales beat forecasts on Thursday, lifting its shares, but the French spirits group cautioned that a ban on alcohol sales near Indian highways would slow growth in its second-largest market. Pernod, the world's second-biggest […]
Undaunted by oil bust, financiers pour billions into U.S. shale Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence. In the first quarter, private equity funds raised $19.8 billion for energy ventures – […]
Trump triggers U.S. bond yield slide, dollar recovers Trump triggers U.S. bond yield slide, dollar recovers:- U.S. Treasury yields tumbled on Thursday and were on track for the biggest weekly decline since late 2015 after U.S. President Donald Trump said he would like to see interest rates stay low, while […]
British regulators investigate Barclays CEO Staley over whistleblowing British regulators are investigating Jes Staley, the chief executive of Barclays (BARC.L), and the bank itself over a whistleblowing incident, the bank said on Monday. The Financial Conduct Authority and the Prudential Regulation Authority are looking into an attempt by Staley last […]
GM China vehicle sales fall in first quarter as tax cut rolled back GM China vehicle sales fall in first quarter as tax cut rolled back:- U.S. automaker General Motors Co (GM.N) said on Friday its first quarter sales in China fell 5.2 percent compared to the same period a […]
