Oil prices rise on tight supplies, stable demand
Oil prices rose on Tuesday, recovering some of the previous session’s losses as Kazakhstan’s supplies continued to be disrupted and major producers showed no sign of being in a hurry to boost output significantly.
Barclays shares fall after top investor offloads $1.2 bln stake
Shares in Barclays (BARC.L) fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight.
Nvidia CEO says interested in exploring chip manufacturing with Intel
Nvidia Corp (NVDA.O) is interested in exploring using Intel Corp (INTC.O) for manufacturing its chips, Chief Executive Officer Jensen Huang said on a call with reporters on Wednesday.
Here’s how the companies making headlines fared during Friday’s midday trade
Oil prices were expected to decrease for the second week in a row, but after unpredictable trading this week, they reached a floor of over $100 a barrel on Friday, with no obvious replacement for Russian barrels insight in a market already constrained by supply. After surging almost 9% on Thursday, Brent crude futures were […]
Amazon.com closes deal to buy MGM movie studio
Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled moviemaker behind “Rocky” and James Bond with the online retailing giant as it looks to draw consumers through more streaming video.
Japan parts makers halt output after quake, another blow to supply chain
Japan’s Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country’s northeast, the latest blow to the global supply chain.
NASA’s big, new moon rocket set for debut in the rollout to Florida launchpad
CAPE CANAVERAL, Fla., March 17 (Reuters) – NASA’s next-generation moon rocket was due on Thursday to make a highly anticipated, slow-motion journey from an assembly plant to its launch pad in Florida for a final round of tests in the coming weeks that will determine how soon the spacecraft can fly. Rollout of the towering […]
Sanctioned Russia teeters on brink of historic default
The economic cost of Russia’s assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution.
The current status of the job market in the United States is improving: finding workers remains a challenge
The world’s economy was thrown into chaos as the Covid-19 outbreak wreaked havoc on the globe just when everything appeared to be settling down. However, the Russia-Ukraine conflict has once again hampered the global economy. Oil and other commodities are becoming more expensive. As Covid-19 brought with it a sense of foreboding terror, dread, and […]
Stocks slump on surging inflation, Ukraine risks; China markets recover
Asian shares extended a global slump on Friday after the fastest U.S. inflation rate in four decades bolstered expectations for more aggressive rate hikes, while Chinese equity markets recovered early losses on regulatory assurance over U.S.-listed mainland firms.
