article U.S. oil prices slumped on Monday after China threatened duties on American crude imports in an escalating trade dispute with Washington. Continue Reading Below U.S. West Texas Intermediate (WTI) crude futures were at $63.84 a barrel, down $1.22, or 1.9 percent, from their last settlement. In an escalating spat […]
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Oil steady, attention turns to potential supply hike
Oil prices were largely steady on Friday, while Saudi Arabia and Russia, architects of a producer deal to cut output, indicated ahead of a key OPEC meeting in Vienna next week that production could rise. Continue Reading Below Brent crude had edged up 3 cents to $75.97 a barrel by […]
BOJ keeps policy steady, offers bleaker view on inflation
article Japan’s central bank maintained its ultra-loose monetary policy on Friday and downgraded its view on inflation, signaling that it will lag well behind its U.S. and European peers in rolling back crisis-era stimulus. Continue Reading Below Markets are on the lookout for clues from BOJ Governor Haruhiko Kuroda’s post-meeting […]
US retail sales post biggest gain in 6 months
WASHINGTON, June 14 (Reuters) – U.S. retail sales increased more than expected in May as consumers bought motor vehicle and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter. Continue Reading Below The Commerce Department said […]
US weekly jobless claims unexpectedly fall
WASHINGTON (Reuters) – New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market. Continue Reading Below Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 218,000 […]
ECB to end bond buys, keep rates steady through next summer
FRANKFURT, June 14 (Reuters) – The European Central Bank said on Thursday it will end its unprecedented bond purchase scheme by the close of the year, taking its biggest step in dismantling crisis-era stimulus a decade after the start of the euro zone’s economic downturn. Continue Reading Below Signaling that […]
Oil dips on lower China refining, record U.S. crude output
article Oil prices eased on Thursday, dragged down by rising output and a decline in China’s refining activity, although strong fuel consumption in the United States and a drop in its crude inventories provided some support. Continue Reading Below Brent crude futures were at $76.45 per barrel by 0610 GMT, […]
Apple to undercut popular law-enforcement tool for cracking iPhones
Apple Inc said on Wednesday it will change its iPhone settings to undercut the most popular means for law enforcement to break into the devices. Continue Reading Below The company told Reuters it was aiming to protect all customers, especially in countries where phones are readily obtained by police or […]
Etihad Airways in talks to cancel, defer Boeing 777X orders: Sources
DUBAI/ABU DHABI (Reuters) – Etihad Airways is exploring options with Boeing to cancel or defer orders for 777X jets worth billions of dollars in a fresh sign of the carrier’s financial strains and potentially squeezing Boeing’s newest model, four sources familiar with the matter said. Continue Reading Below Etihad, owned by Abu […]
WPP says 30% of shareholder votes fail to back Sorrell remuneration package
article FILE PHOTO: Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends a conference at the Cannes Lions Festival in Cannes, France, June 23, 2017. REUTERS/Eric Gaillard/File Photo (Reuters) LONDON, June 13 (Reuters) – Nearly 30 percent of WPP shareholders failed to back its executive pay […]