Oil Plunge Deepens as Concerns Over Economy Drive Selloff
Oil fell for a third day, dropping below $70 a barrel in New York, as the prospect of a US recession threatened to curb fuel demand.
Oil fell for a third day, dropping below $70 a barrel in New York, as the prospect of a US recession threatened to curb fuel demand.
Electrolux AB’s top shareholder is seeking watertight guarantees from Chinese appliance giant Midea Group Co. to address concerns US regulators would block a takeover of the white-goods maker.
Electrolux AB’s top shareholder is seeking watertight guarantees from Chinese appliance giant Midea Group Co. to address concerns US regulators would block a takeover of the white-goods maker.
The Kremlin said it has the right to respond after downing two drones Tuesday night that it said were part of a “planned terrorist act” and assassination attempt on Vladimir Putin.
Russian oil data show a jump in the number of idled wells in March, adding another contradictory element to the murky picture of whether the country really is cutting crude production as promised.
Russian oil data show a jump in the number of idled wells in March, adding another contradictory element to the murky picture of whether the country really is cutting crude production as promised.
Airbnb Inc. is revamping the home-rental platform in an effort to ease mounting tensions between guests and hosts ahead of what it expects to be a busy summer travel season.
Airbnb Inc. is revamping the home-rental platform in an effort to ease mounting tensions between guests and hosts ahead of what it expects to be a busy summer travel season.
Credit Suisse Group AG ex-investment bank chief Christian Meissner is joining an advisory and private equity firm run by Byron Trott and Gregg Lemkau, marking his comeback after a tough period with the rescued Swiss lender.
Banks in Europe are facing flagging demand for loans amid rising borrowing costs and industry turmoil, but they remain optimistic about profitability from higher lending rates.