U.S. shale leaves thousands of wells unfinished U.S. shale leaves thousands of wells unfinished:- U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise […]
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Business
Oil edges up as Saudis cut supplies to U.S., but global glut remains Oil edges up as Saudis cut supplies to U.S., but global glut remains:- Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the […]
Dollar, stocks edge up as U.S. healthcare vote back on Dollar, stocks edge up as U.S. healthcare vote back on:- The dollar recouped a little lost ground on Friday amid signs a delayed vote on President Donald Trump's healthcare bill would go ahead later in the day, though it remained […]
Slide in U.S. infrastructure stocks sign of Trump trade weakness Slide in U.S. infrastructure stocks sign of Trump trade weakness:- If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another. The Dow Jones Transportation Average .DJT, […]
Oil bounces off November lows, but bloated U.S. stockpiles pressure market Oil bounces off November lows, but bloated U.S. stockpiles pressure market:- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led […]
Trump Tantrum looms on Wall Street if healthcare effort stalls Trump Tantrum looms on Wall Street if healthcare effort stalls:- The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and […]
Asia stocks rise, but gains for dollar, oil capped by jitters Asia stocks rise, but gains for dollar, oil capped by jitters:- Asian stocks, taking some cues from a steady Wall Street, edged up on Thursday while the path for the dollar, which crawled up from a four-month low, remained […]
Airbnb embarks on China push with more staff, local name Airbnb embarks on China push with more staff, local name:- U.S. short-term rental giant Airbnb Inc will triple its China staff this year as it targets the country's millennial consumers, its chief executive said on Wednesday, even as the Silicon […]
China Geely doubles earnings as Volvo tech boosts sales China Geely doubles earnings as Volvo tech boosts sales:- China's Geely Automobile Holdings Ltd (0175.HK) posted its biggest profit growth in eight years on Wednesday, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales. […]
Oil prices fall on bloated U.S. crude storage Oil prices fall on bloated U.S. crude storage:- Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. At 0803 GMT, prices for front-month Brent crude […]
