Oil eases, near weakest since late March on small U.S. stocks decline Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories. U.S. crude stockpiles fell less […]
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Asian stocks retreat, dollar holds near six-week high on hawkish Fed Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve's hawkish policy statement. European markets looked more positive, with financial spreadbetters expecting Britain's FTSE […]
VW in talks with Exxon, Gazprom on gas-powered cars Mueller on ORF Volkswagen (VOWG_p.DE) is in talks with Exxon Mobil Corp (XOM.N) and Gazprom (GAZP.MM) to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria's ORF radio. Europe's biggest carmaker is working on […]
Global stocks struggle, dollar gains ahead of Fed decision European stock markets retreated from 20-month highs and the dollar inched up on Wednesday as investors pondered the chances of another rise in U.S. interest rates next month ahead of the Federal Reserve's May statement. Since December, the U.S. central bank […]
How two cutting edge U.S. nuclear projects bankrupted Westinghouse In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. The delay, which a […]
Strong earnings power global shares higher Stocks rose in Europe and Asia on Tuesday after technology industry shares hit record highs on Wall Street and investors focused on strong corporate earnings while shrugging off weaker-than-expected Chinese factory activity data. European stock markets opened higher after the May 1 holiday, reflecting […]
UPS air maintenance workers threaten strike ahead of shareholders meeting A union representing 1,200 U.S. air maintenance workers at United Parcel Service Inc (UPS.N) turned up pressure on the company on Sunday to settle a three-year contract dispute, saying it would seek clearance to strike. The union is taking its […]
U.S. to probe Japanese, German automakers over alleged patent violations The United States will begin an investigation into whether thermoplastic components used in some Japanese and German vehicle models sold in the country violate its patent laws, trade authorities said late last week. The U.S. International Trade Commission (USITC) on […]
Off target in 2016, global elite regroup at Milken conference Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth. U.S. President […]
U.S. first quarter growth weakest in three years as consumer spending falters The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses. […]
