SYDNEY (Reuters) – Oil prices edged higher on Monday, rebounding from a two-week low in the previous session, although gains were checked by concerns about the outlook for the global economy. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 14 cents, or 0.3% to $56.05 a barrel. WTI fell to $54.75 a barrel on […]
BEIJING (Reuters) – China hopes Beijing and Washington will resolve their trade dispute “with a calm and rational attitude”, Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides. The United States and China have been locked in an escalating trade war for over a year. They […]
Opposition parties could stage a vote of confidence in the Government next week in a bid to thwart a no-deal Brexit, a senior SNP MP has said. Stewart Hosie said the plan – to put in place an interim government to secure a Brexit extension – appeared to be the only way to ensure Britain […]
Ulster Bank is failing to charge corporate clients millions of euro because the bank’s own computer systems aren’t able to process charges it wants to apply. AIB and Bank of Ireland now routinely charge interest on large corporate deposits, passing on the costs of keeping their money on deposit with the European Central Bank, thanks […]
As politicians fight over who cares about the “little guy”more, the U.S. Census Bureau has found that income inequality is worse than it’s been in 50 years. Not only that, but this is the first time any change in the metric has been statistically significant since 2013 and it’s for the worse. The data comes […]
(Reuters) – After a difficult, months-long search for a new chief executive, scandal-plagued Wells Fargo & Co (WFC.N) named as its next leader Charles Scharf, a one-time Jamie Dimon protégé known on Wall Street as a detail-oriented number cruncher who excels in streamlining operations. Scharf, 54, who joins the fourth-largest U.S. bank next month, has […]
BOSTON (Reuters) – Companies making their debut on the U.S. stock market are getting a rough welcome, especially if they are losing money, casting a shadow over the calendar for initial public offerings for the rest of the year. The surprise postponement of the WeWork IPO has underscored how confidence is eroding in the market […]
Peter Rothstein has a job with a social purpose: expanding the clean energy industry in the northeastern United States as a way to mitigate climate change. Soon, he will be able to support that mission when he saves for retirement. In November, the Boston-based Northeast Clean Energy Council, where Mr. Rothstein is president, will revise […]
LONDON (Reuters) – Factories have been the first victims of the Trump-era global trade rows. Now the question is how much their troubles will spread to other parts of the world’s biggest economies: the so-called spillover effect. This week’s read-out from German purchasing managers showed an unexpected worsening of the recession in the manufacturing sector […]
LONDON (Reuters) – World shares erased losses on Friday, buoyed by a wave of optimism that U.S.-China trade tensions might be easing as markets largely brushed off concerns about possible impeachment moves against U.S. President Donald Trump. MSCI’s world equity index, which tracks shares in 47 countries, reversed earlier losses and was trading flat by […]