Oil falls about 2.5% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets…
Stocks gain on Fed rate cut optimism; oil drops
NEW YORK (Reuters) – A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments…
Trump wants weaker dollar but it could be a hard sell
WASHINGTON/SAN FRANCISCO (Reuters) – President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match…
Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases…
U.S. retail sales ease fears over economy; rate cut still seen
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help…
U.S. retail sales data dents stocks, lifts Treasury yields
NEW YORK (Reuters) – A gauge of global equities lost ground on Tuesday and U.S. Treasury yields moved higher as…
Bitcoin tumbles as U.S. senators grill Facebook on crypto plans
LONDON (Reuters) – The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value after U.S.…
China data steadies stocks as U.S. earnings get underway
NEW YORK (Reuters) – A gauge of global stocks rose modestly on Monday after economic data from China came in…
Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars
, NEW YORK (Reuters) – Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) said they will spend billions of dollars…
Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes
(Reuters) – Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals…
Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes
(Reuters) – Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals…
Tempered expectations of Fed rate cut sink stocks globally
NEW YORK (Reuters) – A strong U.S. jobs report that tempered expectations of an aggressive interest rate cut by the…
U.S. job growth surges, July rate cut expectations intact
WASHINGTON (Reuters) – U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and…
Rich get richer, everyone else not so much in record U.S. expansion
NEW YORK (Reuters) – Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one…
Weak economic data, tariff concerns weigh on stocks globally
NEW YORK (Reuters) – Modest gains in U.S. stocks helped global equity indices edge higher on Tuesday as investors weighed…
Wall Street looks to earnings after strongest June in decades
NEW YORK (Reuters) – On the heels of the S&P 500’s best June performance in more than six decades, investors…
Oil prices slip as demand worries outweigh OPEC supply cuts
SINGAPORE (Reuters) – Oil prices slipped on Tuesday as worries that a weakening global economy would dent demand for the…
OPEC set to extend oil supply cut as Iran endorses pact
VIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts this week at least until the…
Preserve your ammunition, BIS urges top central banks
LONDON (Reuters) – Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition…
Oil prices fall, but post weekly gain ahead of G20 talks, OPEC
NEW YORK (Reuters) – Oil prices fell on Friday but posted their second straight week of gains ahead of trade…
Stocks advance to end first half as G20 in focus
NEW YORK (Reuters) – A gauge of global stocks climbed on Friday in advance of a meeting on trade between…
Oil prices mixed ahead of U.S. crude stock data
HOUSTON (Reuters) – Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing…
Citi sees case for Fed to lower rates by 50 bps in July
FILE PHOTO: A woman walks past a Citibank logo displayed outside the Citibank Plaza in Hong Kong July 28, 2014.…
New blow to Boeing from engine delay, Airbus long-range rival takes off
PARIS, France (Reuters) – Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the…
Pfizer makes $10.6 billion cancer bet in cash deal for Array Biopharma
(Reuters) – Pfizer Inc on Monday said it would buy Array Biopharma Inc for $10.64 billion in cash, a deal…
Take Five: The Fed and the rest
With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically…
Strong U.S. retail sales improve economy’s fortunes
WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a…
Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears
NEW YORK (Reuters) – U.S. stocks ended nominally lower on Friday as investors awaited next week’s Federal Reserve meeting for…
Oil tumbles on demand worries; stocks hit by trade, economic fears
NEW YORK (Reuters) – Oil prices slid 4% on Wednesday on higher U.S. crude inventories and a bleaker demand outlook,…
U.S. pet doctors steel themselves for online pharmacy challenge
(Reuters) – A David and Goliath battle is brewing in the business of selling prescription medicines for pets, pitching veterinarians…
U.S. pet doctors steel themselves for online pharmacy challenge
(Reuters) – A David and Goliath battle is brewing in the business of selling prescription medicines for pets, pitching veterinarians…
Weak U.S. employment report raises red flag on economy
WASHINGTON (Reuters) – U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a…
Trump sees ‘good chance’ of Mexico migration deal as clock ticks down to tariffs
WASHINGTON/MEXICO CITY (Reuters) – U.S. President Donald Trump said on Friday there was a “good chance” that the United States…
As Mexico-U.S. talks progress, markets rise on hopes a deal could be close
WASHINGTON/MEXICO CITY (Reuters) – Mexican and U.S. officials held a second day of talks on trade and migration on Thursday,…
Wall St. skids, jolted by Trump’s surprise tariff threat on Mexico
NEW YORK (Reuters) – U.S. stocks dropped on Friday, as the S&P 500 closed out the month with its biggest…
Oil plummets, on track for biggest weekly drop in 2019
NEW YORK (Reuters) – Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting…
China’s tough rhetoric leaves trade talks with U.S. in limbo
WASHINGTON/BEIJING (Reuters) – China struck a more aggressive tone in its trade war with the United States on Friday, suggesting…
Trump says talks with China to continue as trade war escalates
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that trade talks with China would continue even after Washington…
U.S.: China reneged on trade commitments, sparking Trump tariff hike
WASHINGTON (Reuters) – China backtracked on substantial commitments it made during trade talks with the United States, prompting President Donald…
Take Five: Vol squall coming? World markets themes for the week ahead
May 3 (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming…
Oil hits 2019 high on U.S. plan to tighten squeeze on Iran
LONDON (Reuters) – Oil topped $74 a barrel on Monday, the highest since November, as the United States was set…
No-frills no longer: GM’s China brand Baojun attempts a major makeover
LIUZHOU, China/BEIJING (Reuters) – By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at…
In South Korea’s struggling Kia Town, ‘bad jobs’ better than no jobs
GWANGJU, South Korea (Reuters) – Park Byung-kyu once led Kia Motor’s union in the city of Gwangju, fighting for labor…
Oil prices fall on surging U.S. crude supply, economic slowdown
SINGAPORE (Reuters) – Oil prices fell on Thursday, pressured as U.S. crude stockpiles surged to their highest levels in almost…
Oil prices dip on surging U.S. crude stockpiles
SINGAPORE (Reuters) – Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17…
Oil gains up to 2% to five-month high as Libyan output threatened
NEW YORK (Reuters) – Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global…
Take Five: Panic over? World markets themes for the week ahead
LONDON (Reuters) – Following are the five big themes likely to dominate thinking of investors and traders in the coming…
Take Five: Panic over? World markets themes for the week ahead
LONDON (Reuters) – Following are the five big themes likely to dominate thinking of investors and traders in the coming…
FAA launches new review of Boeing 737 MAX to ensure safety
WASHINGTON (Reuters) – The Federal Aviation Administration said late on Wednesday it is forming an international team to review the…
Mixed data offer glimmers of hope for slowing U.S. economy
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in February, but a rebound in factory activity in March and strong…
Lyft shares soar on Nasdaq debut, setting stage for Uber
LOS ANGELES/NEW YORK (Reuters) – Lyft Inc’s shares rose as much as 23 percent in their market debut on Friday,…
Chinese smartphone firms jazz up products, seize turf in home market from Apple
SHANGHAI (Reuters) – Smartphone retailers in China say it’s a tough sell of late with consumers reluctant to upgrade, put…
U.S. lawmaker urges FAA, Boeing employees to disclose details on 737 MAX approval
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, U.S. March…
Some Boeing 737 MAX orders in jeopardy, U.S. pilots try software fix
JAKARTA/CHICAGO (Reuters) – Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some…
The Fed is prodding Americans to buy more on credit
WASHINGTON (Reuters) – The Federal Reserve’s decisive statement this week that interest rates are unlikely to rise this year sends…
Wall Street powers world stocks; dollar up on Brexit woes
NEW YORK (Reuters) – Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while…
Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes
ADDIS ABABA/PARIS/WASHINGTON (Reuters) – Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737…