Oil market whipsawed as OPEC production discussed Oil market whipsawed as OPEC production discussed:- Benchmark Brent gained while U.S. crude eased slightly on Monday, after the market pushed higher early in the day on reports that Iraq would participate if OPEC extended oil production curbs into the second half of […]
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Consumer Reports to consider cyber security in product reviews Consumer Reports to consider cyber security in product reviews:- Consumer Reports, an influential U.S. non-profit group that conducts extensive reviews of cars, kitchen appliances and other goods, is gearing up to start considering cyber security and privacy safeguards when scoring products. […]
Neiman Marcus hires debt restructuring adviser Neiman Marcus hires debt restructuring adviser:- U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd (LAZ.N) to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, people familiar with the matter said on […]
PSA agrees to buy Opel from GM, wins board approval PSA agrees to buy Opel from GM, wins board approval:- France's PSA Group struck a deal with General Motors (GM.N) to buy the U.S. carmaker's loss-making Opel division, two sources with knowledge of the matter told Reuters. The board of PSA, […]
Snap's shares pop after year's biggest IPO Snap's shares pop after year's biggest IPO:- Snap Inc's (SNAP.N) shares ended up 44 percent on their first day of trading as investors flocked to buy into the hottest technology stock offering in three years, overcoming doubts about the loss-making messaging app company's […]
Dollar firm, shares slip in Asia as Fed rate hike looms Dollar firm, shares slip in Asia as Fed rate hike looms:- The dollar held broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street's […]
China February factory growth beats expectations as global demand improves China February factory growth beats expectations as global demand improves:- China's factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even as fears grow of […]
Japan will tell United States to respect WTO rules Japan will tell United States to respect WTO rules:- Japan will tell the United States in their economic talks that any border tax the U.S. government imposes on imports should not break World Trade Organization rules, an adviser to Prime Minister […]
Asian factories pick up steam in shadow of Trump protectionist threat Asian factories pick up steam in shadow of Trump protectionist threat:- Asian factories extended a global manufacturing revival as activity picked up steam in February, though the outlook for many of the region's export-reliant economies remained uncertain in the […]
Stocks close higher, dollar steady before Trump speech Stocks close higher, dollar steady before Trump speech:- Wall Street closed slightly higher on Monday and U.S. Treasury yields rose on hopes for rising rates and expectations for an infrastructure spending announcement in U.S. President Donald Trump's speech Tuesday night. Oil futures […]
