Dollar and oil pause ascent, bonds and gold lick wounds
LONDON (Reuters) – Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump and emerging markets battered…
Oil prices firm on OPEC cuts, strong demand and looming Iran sanctions
SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. FILE…
Asia stocks edge higher, investors cautious on U.S.-China trade talks
TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, with the dollar perched near a five-month peak after…
Diesel fallout is responsibility of carmakers: German minister
BERLIN (Reuters) – German carmakers will have to take responsibility for the fallout from their cheating in diesel cars’ emission tests, Transport Minister Andreas Scheuer said on Thursday. FILE PHOTO:…
Merck KGaA’s lung cancer drugs show promise in early-stage trials
FRANKFURT (Reuters) – Germany’s Merck KGaA said two of its experimental oncology drugs showed early signs of promise in certain lung cancer patients, potentially helping efforts to find drug-industry partners…
Government borrowing costs rise as oil heads back to the 80s
LONDON (Reuters) – The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to grind upwards as oil prices hit their highest since 2014…
Maersk says U.S. sanctions make doing business in Iran impossible
COPENHAGEN (Reuters) – The world’s largest container shipping firm A.P. Moller-Maersk (MAERSKb.CO) said Thursday it would shut down its business in Iran to abide with reimposed sanctions after Washington pulled…
Exclusive: RBS lawyers ask ex-staffer to destroy documents, DOJ informed
LONDON (Reuters) – Lawyers for Royal Bank of Scotland (RBS.L) asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which the former…
Asian shares inch higher; euro tries to shake off Italian political risk
SINGAPORE (Reuters) – Asian shares edged higher on Thursday while the euro gained some respite after hitting five-month lows a day earlier. FILE PHOTO: A panel displays a list of…
Asian shares steady; euro hampered by Italian political risk
SINGAPORE (Reuters) – Asian shares held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form…