OPEC is struggling to prove it can still arrest oil price declines in the age of Trump, expert says

OPEC is struggling to prove it can still arrest oil price declines in the age of Trump, expert says

Khalid Al-Falih, Saudi Arabia’s energy and industry minister, listens during a news conference following the 176th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Monday, July 1, 2019. Stefan Wermuth | Bloomberg | Getty Images OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude…

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Boris Johnson ‘has lost control,’ experts say, but election could be a ‘lifeline’

Boris Johnson ‘has lost control,’ experts say, but election could be a ‘lifeline’

Boris Johnson gets into his car after leaving the property in Great College Street that he and his campaign team have been using on 23rd July 2019, in Westminster, London, England. Richard Baker | In Pictures | Getty Images U.K. Prime Minister Boris Johnson has not had the best week with parliament defeating his Brexit plans. First, by taking control of the parliamentary agenda, then by passing legislation to prevent a no-deal Brexit – effectively…

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Puma is launching its own smartwatch — and it costs $275

Puma is launching its own smartwatch — and it costs $275

Puma’s first-ever smartwatch, created in partnership with Fossil Group. Puma Puma on Thursday announced it will launch its first smartwatch, in partnership with American brand Fossil Group. The German sportswear giant unveiled the new device at the IFA consumer tech show in Berlin. It comes with Qualcomm’s Snapdragon Wear 3100 chipset and Google’s Android operating system for wearables, Wear OS. The gadget comes in three colors — black, white and yellow — and includes features…

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Lower interest rates are a ‘definite trend’ in Russia, says major Moscow bank

Lower interest rates are a ‘definite trend’ in Russia, says major Moscow bank

Russia’s central bank in Moscow. Gavriil Grigorov | TASS | Getty Images Interest rates in many economies are heading south — that’s no exception in Russia where the central bank is widely expected to ease monetary policy on Friday, for the third time this year. All but one of the 25 analysts and economists polled by Reuters expect the Russian central bank to lower its key rate by 25 basis points to 7% at Friday’s…

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Get ready for interest rates to stay low for a longer time, SocGen says

Get ready for interest rates to stay low for a longer time, SocGen says

French bank Societe Generale’s headquarters in Paris. Chesnot | Getty Images News | Getty Images Banks must be prepared for interest rates to remain low for a longer time — which will squeeze profitability for lenders, deputy chief executive of Societe Generale said on Thursday. Low interest rates have been one of the biggest challenges for lenders globally because they limit the amount banks can earn on loans. Global economies from Europe to the U.S….

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Hurricane Dorian strengthens to Category 3 and creeps up US coast

Hurricane Dorian strengthens to Category 3 and creeps up US coast

Workers board the windows of a restaurant as Hurricane Dorian continues to make its way toward the Florida coast on September 2, 2019 in Indialantic, Florida. Scott Olson | Getty Images News | Getty Images Hurricane Dorian, back to a Category 3 storm, began raking the Southeast U.S. seaboard late Wednesday, threatening to inundate low-lying coasts from Georgia to southwest Virginia with a dangerous storm surge after its deadly mauling of the Bahamas. Dorian had…

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Dow futures jump more than 280 points as China says US agrees to meet for trade talks

Dow futures jump more than 280 points as China says US agrees to meet for trade talks

Top negotiators from China and the United States resume a fresh round of trade talks in Beijing on March 29, 2019. From left: U.S. Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin, China’s Vice Premier Liu He and Yi Gang, governor of the People’s Bank of China at the Diaoyutai State Guesthouse in Beijing on March 29, 2019. Nicolas Asfouri | AFP | Getty Images U.S. futures jumped Wednesday evening on the back of…

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Dow futures jump more than 300 points as China says US agrees to meet for trade talks

Dow futures jump more than 300 points as China says US agrees to meet for trade talks

Top negotiators from China and the United States resume a fresh round of trade talks in Beijing on March 29, 2019. From left: U.S. Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin, China’s Vice Premier Liu He and Yi Gang, governor of the People’s Bank of China at the Diaoyutai State Guesthouse in Beijing on March 29, 2019. Nicolas Asfouri | AFP | Getty Images U.S. futures jumped Wednesday night on the back of…

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Dow futures jump more than 300 points as China and US agree to meet for trade talks

Dow futures jump more than 300 points as China and US agree to meet for trade talks

Top negotiators from China and the United States resume a fresh round of trade talks in Beijing on March 29, 2019. From left: U.S. Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin, China’s Vice Premier Liu He and Yi Gang, governor of the People’s Bank of China at the Diaoyutai State Guesthouse in Beijing on March 29, 2019. Nicolas Asfouri | AFP | Getty Images U.S. futures jumped Wednesday evening on the back of…

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Samsung’s Galaxy Fold smartphone will go on sale Sept. 6 in South Korea

Samsung’s Galaxy Fold smartphone will go on sale Sept. 6 in South Korea

Samsung’s Galaxy Fold exhibited during the Mobile World Congress in Barcelona. Joan Cros | NurPhoto | Getty Images Samsung Electronics said Thursday its foldable smartphones will be available in South Korea on Sept. 6 in two colors, Cosmos Black and Space Silver. After its South Korea launch, the Galaxy Fold will also be available in other countries including the United States, the United Kingdom, France, and Germany — Samsung did not specify their launch dates….

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