economy

Oil steady as demand optimism offsets worries of Iranian supply

Oil was steady on Wednesday, trading in a narrow range, supported by optimism about improving U.S. fuel demand and a…

5 years ago

EXCLUSIVE China bars banks from selling commodities-linked products to retail buyers -sources

China's banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people…

5 years ago

European stocks near record high, NZ dollar rises

European stocks approached record highs on Wednesday after U.S. Federal Reserve officials soothed investors' inflation worries, though the New Zealand…

5 years ago

Buy now, pay later players tackle credit conundrum in Mideast’s Gulf

Financial technology start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit say they are enjoying exponential…

5 years ago

Bitcoin reclaims $40,000 as crypto volatility lingers

Bitcoin climbed back above $40,000 on Wednesday for the first time this week, as recent volatility in the cryptocurrency market…

5 years ago

M&S’s annual profit slumps 88% as COVID crushes clothing sales

British retailer Marks & Spencer (MKS.L) on Wednesday reported an 88% slump in full-year profit, reflecting a collapse in clothing…

5 years ago

Nord Stream 2 sanctions would be ‘counter-productive’ for European ties – Biden

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2…

5 years ago

GameStop jumps more than 16% as ‘meme’ stocks roar higher

Shares of GameStop (GME.N) soared 16.3% on Tuesday after hitting their highest level since late March, and other so-called "meme"…

5 years ago

Exclusive: BlackRock backs 3 director nominees challenging Exxon board -sources

BlackRock, Exxon Mobil Corp's (XOM.N) second largest shareholder, is backing several of upstart hedge fund Engine No. 1's candidates to…

5 years ago

Asian shares up, dollar wallows as Fed soothes inflation fears

Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve…

5 years ago
Show more Posts
Show previous Posts