article Oil prices were mixed in Asian trading on Tuesday, but remained under pressure from expectations that Saudi Arabia and Russia would pump more crude to ease a potential shortfall in supply. Continue Reading Below Brent crude futures were up 21 cents, or 0.28 percent, at $75.51 a barrel at […]
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Oil prices fall as top three producers look to boost supplies
article Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed an increase in output from the world’s three top crude producers, Russia, the United States and Saudi Arabia. Continue Reading Below Brent crude futures were at $75.34 per barrel at 0124 GMT, […]
Oil prices fall as Russia warns of gradual output increase
article Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017. Continue Reading Below Brent crude futures were at $78.63 per barrel at 0534 GMT, down 16 cents from their last close, and more than […]
US weekly jobless claims increase more than expected
US jobs optimism hits new high Former U.S. International trade Commission Economist Peter Morici on Trump administration trade negotiations with China and rising optimism on the U.S. job market. WASHINGTON, May 24 (Reuters) – New applications for U.S. unemployment benefits increased more than expected last week, but remained below a […]
Heart, diabetes devices pump up Medtronic’s quarterly profit
May 24 (Reuters) – Medtronic Plc reported a better-than-expected quarterly profit on Thursday on higher demand for its heart valves and diabetes devices such as insulin pumps. Continue Reading Below Sales in the cardiac and vascular unit, which sells defibrillators, pace-makers, heart valves and stents, jumped 10.1 percent to $3.14 […]
Oil dips as market eyes possible easing of OPEC supply curbs
article Oil prices edged lower on Wednesday with the possibility of higher OPEC output weighing on the market, although geopolitical risks are expected to keep prices near multi-year highs. Continue Reading Below Brent futures fell 43 cents, or 0.5 percent, to $79.14 a barrel by 0218 GMT, after climbing 35 […]
Kohl’s reports higher quarterly profit
May 22 (Reuters) – U.S. department store chain Kohl’s Corp reported a 13.6 percent increase in quarterly profit on Tuesday, as efforts to cut back on discounts and maintain a leaner inventory paid off. Continue Reading Below Kohl’s said net income rose to $75 million or 45 cents per share […]
Oil prices edge up on Venezuela, Iran supply worries
article Oil prices rose on Tuesday on concerns that Venezuela’s crude output could drop further following a disputed presidential election and potential U.S. sanctions on the OPEC-member. Continue Reading Below The United States also toughened its stance on Iran and made a list of sweeping demands, which could further curb […]
Blackstone to buy LaSalle Hotel for $3.7B
article FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE), New York, NY, U.S., April 4, 2016. REUTERS/Brendan McDermid/File Photo (Reuters) (Reuters) – Private equity firm Blackstone Group LP said on […]
PayPal expands retail payments with $2.2B iZettle buy
article FILE PHOTO: The PayPal logo is seen at a high-tech park in Beersheba, southern Israel August 28, 2017. REUTERS/Amir Cohen/File Photo (Reuters) NEW YORK/STOCKHOLM (Reuters) – PayPal Holdings Inc has agreed to buy Swedish financial technology startup iZettle for $2.2 billion in the U.S. online payments provider’s biggest ever acquisition. […]