business

Oil extends gains on OPEC+ supply discipline and demand prospects

Oil rose on Wednesday, supported by an OPEC+ decision to stick to its plan to restore supply to the market…

4 years ago

Biden suspends Trump-era oil and gas leases in Alaska refuge

U.S. President Joe Biden's administration on Tuesday said it would suspend oil and gas leases that were handed out in…

4 years ago

Analysis: China’s banks are bursting with dollars, and that’s a worry

A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency…

4 years ago

U.S. manufacturing gains steam; raw material, labor shortages mounting

U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled…

4 years ago

Zoom forecasts upbeat revenue, expects boost from hybrid work

Zoom Video Communications Inc (ZM.O) on Tuesday forecast current-quarter revenue above estimates, as increased adoption of hybrid work models by…

4 years ago

EU reaches deal on tax transparency for multinational firms

European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to…

4 years ago

REUTERS EVENTS Bank of England’s Bailey unconvinced by carbon capital rules

Bank of England Governor Andrew Bailey said on Tuesday there was no case yet for making financial institutions set aside…

4 years ago

Fed’s Brainard: more ‘progress’ on recovery ahead, though still far from goals

The United States is getting closer to the Fed's maximum employment and 2% inflation goals, Fed Governor Lael Brainard said…

4 years ago

OPEC+ seen sticking with supply plan with Iran’s oil yet to return

OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting on Tuesday,…

4 years ago

World stocks hit another record, oil up in big data week

Global stocks again hit a record high and oil rose on Tuesday, as markets shrugged off concerns about rising inflation…

4 years ago