By Arathy Somasekhar HOUSTON (Reuters) – Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies. Brent crude futures closed up $2.59, or 2.8%, at $96.55. It breached $97 a barrel during the session. U.S. West Texas Intermediate crude …
Oil climbs 3% as steep US crude stocks draw adds to supply concerns Read More »
By Karen Brettell and Alun John NEW YORK (Reuters) – The dollar index eased from a 10-month high on Thursday but remained on track for a weekly gain, and investors stayed on guard for potential intervention in the yen as it holds near 11-month lows against the U.S. currency. The dollar has jumped on expectations …
Dollar eases from 10-month high but on track for weekly gain Read More »
By Scott Murdoch and Ziyi Tang HONG KONG/BEIJING (Reuters) -China Evergrande Group’s founder is being investigated over suspected “illegal crimes”, the embattled developer said on Thursday, as creditors become increasingly concerned about the group’s prospects amid an uncertain debt revamp plan and liquidation risk. The world’s most indebted property developer with more than $300 billion …
Evergrande says chairman under investigation over suspected ‘illegal crimes’ Read More »
By Selena Li HONG KONG (Reuters) -HSBC is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a major boost to the London-based bank’s business in that country. The transaction, the financial details of which were not immediately …
Exclusive-HSBC to acquire Citigroup China consumer wealth business -sources Read More »
TASHKENT (Reuters) -One person was killed and 162 injured by a powerful explosion on Thursday at a warehouse near Tashkent’s airport that sparked a fire and shattered windows in apartment blocks nearby, authorities in Uzbekistan said. A teenage boy died after a window frame fell on him, the health ministry said in a statement, adding …
Powerful blast in Uzbek capital kills one, injures 162 Read More »
By Natalie Grover LONDON (Reuters) -Oil prices edged lower on Thursday on growing expectations that key Western economies will maintain high interest rates to tackle stubborn inflation. By 1312 GMT, Brent crude futures were down 66 cents at $95.89 a barrel after rising to their highest level since last November earlier in the session. The …
By Marc Jones LONDON (Reuters) – World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices nearing $100 a barrel compounded concerns about persistently high global interest rates. There was brief respite from the dollar’s strength in currency markets [/FRX], but it was Wednesday’s …
Stocks flirt with longest losing run in two years as $100 oil looms Read More »
By Tim Reid and Joseph Ax SIMI VALLEY, California (Reuters) -Donald Trump’s Republican rivals clashed at a chaotic presidential debate on Wednesday, leveling attacks at the absent former president, Democratic President Joe Biden and one another over issues from China to immigration to the economy. But as the debate ended, none of the seven candidates …
With Trump again absent, Republicans trade barbs at messy debate Read More »
By Chris Prentice and Carolina Mandl NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge of the matter. The settlements with broker-dealers and investment advisers would mark the latest enforcement action in the …
Exclusive-US SEC nearing settlement with Wall Street firms over WhatsApp probe -sources Read More »
By Nathan Layne and Kanishka Singh (Reuters) -Former U.S. President Donald Trump said on Wednesday it mattered little whether striking union autoworkers secured a favorable deal in talks with America’s biggest carmakers because the shift to electric vehicles would soon make them obsolete. Speaking in terms that contrast with the confidence shown by carmarkers spending …
Trump says UAW talks don’t matter because EV shift will kill jobs Read More »
