Oil jumps as Iran rocket strike on U.S. forces jolts markets
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the specter of a spiraling conflict and disrupted oil supplies.
U.S. FAA bans airlines from flying over Iraq, Iran after missile attack on U.S. forces
The U.S. Federal Aviation Administration said on Tuesday it would ban U.S. carriers from operating in the airspace over Iraq, Iran, the Gulf of Oman and the waters between Iran and Saudi Arabia after Iran launched a missile attack on U.S.-led forces in…
Stocks tumble, gold and crude soar after Iran strike on U.S. forces
Asian shares and U.S. treasury yields tumbled on Wednesday, while the yen, gold and oil shot higher after Iran fired rockets at Iraqi airbases hosting U.S. military forces, stoking fears of a wider conflict in the Middle East.
Alibaba undercuts Amazon in Europe to woo wary brands
After years of reconnaissance, China’s retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers’ fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said.
Oil surges after Iran attacks U.S. forces in Iraq, WTI at around $65
Oil rose sharply, with U.S. crude rising nearly $3, on Wednesday after the U.S. said its forces in Iraq were attacked by Iranian ballistic missiles, raising the prospect of a regional conflagration that could cut oil supplies.
Democratic lawmaker presses antitrust enforcers on company ties, settlements
The chair of the U.S. House of Representatives antitrust subcommittee pressed top regulators on Tuesday over merger decisions, including the Justice Department’s approval of T-Mobile US Inc’s proposed purchase of Sprint Corp .
Samsung Electronics flags smaller-than-expected profit fall as chip market bottoms out
Samsung Electronics Co Ltd on Wednesday flagged a smaller-than-expected fall in quarterly operating profit, indicating that memory chip prices bottomed out quicker than analysts had anticipated, strengthening hopes of a recovery.
Wall Street dips as investors focus on Middle East, but chipmakers climb
Wall Street’s major indexes declined on Tuesday as investor caution persisted amid a dispute between the United States and Iran, while energy shares fell as oil prices gave back some recent gains.
Ex-Nissan boss Ghosn’s legal team accuses automaker of ‘perversion of truth’
Fugitive ex-Renault-Nissan chief Carlos Ghosn’s legal team opened fire on Nissan Motor Co Ltd, charging the automaker used a “flawed, biased” internal investigation to engineer Ghosn’s arrest and stop him from more closely integrating Nissan and its Fr…
Exclusive: Impossible Foods pulls plug on McDonald’s burger talks, shares of Beyond Meat jump
Impossible Foods is no longer trying to win a coveted deal to supply McDonald’s Corp with plant-based burgers, telling Reuters it cannot produce enough of its imitation meat to partner with the world’s No. 1 fast-food chain.
