Oil prices stable as OPEC-led supply cuts tighten market Oil prices stable as OPEC-led supply cuts tighten market: Brent crude futures, the international benchmark for oil prices, were at $60.78 per barrel at 0343 GMT. That was 12 cents below their last settlement, but still not far off the highest […]
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Brent oil ends above $60 on expected OPEC cut extension Brent oil ends above $60 on expected OPEC cut extension: Brent oil closed on Monday at its highest level since July 2015 and U.S. crude closed at a peak not seen since February on expectations OPEC-led production cuts would be […]
Wall Street slips as Merck drops tax talk rattles Wall Street slips as Merck drops tax talk rattles: Market watchers pointed to declines steepening after a Bloomberg report that the House of Representatives was discussing a gradual cut in corporate tax rates over several years. “A lot of people are […]
Europe lift sends world stock gauge to record Europe lift sends world stock gauge to record: Bloomberg reported that the corporate tax rate may be reduced gradually, by 3 percentage points a year, to 20 percent. “Clearly tax policy is important to corporations,” said Randy Frederick, vice president of trading […]
Asia sluggish after Wall Street slips dollar sags on White House woes Asia sluggish after Wall Street slips dollar sags on White House woes: Asian stocks were mostly sluggish on Tuesday after weakness on Wall Street, while the dollar sagged following news that investigators probing Russian interference in the 2016 […]
Telekom CEO argues for strong No. 3 player in U.S. wireless market Telekom CEO argues for strong No. 3 player in U.S. wireless market: Chief executive officer Timotheus Hoettges also urged the new German government to think twice before selling down its large stake in Deutsche Telekom, according to an […]
Asia shares get technology boost crude near two year top Asia shares get technology boost crude near two year top: Asian shares climbed on Monday, as technology stocks were bolstered by solid earnings from U.S. tech stalwarts and on strong pre-orders for Apple’s iPhone X, while oil hovered around a […]
Kobe Steel to withdraw earnings forecast after data scandal Nikkei Embattled Kobe Steel Ltd has decided to withdraw its forecast for the current financial year as it struggles to quantify the impact of its data falsification scandal, the Nikkei business daily reported on Monday. Kobe Steel to withdraw earnings forecast […]
Oil markets stable on expected extension of output cuts Oil markets stable on expected extension of output cuts: Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. Brent crude oil […]
As China home prices cool some property companies seek to reduce risks As China home prices cool some property companies seek to reduce risks: They are reducing balance sheet leverage, buying land through joint ventures with other property companies to reduce risk, or diversifying into other businesses. Their concern is […]
