Oil rises on hopes for OPEC supply curbs, new optimism on U.S.-China trade deal
Oil prices posted early gains as OPEC’s outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.
Oil edges lower on U.S. crude stockpiles, record production
Oil prices eased on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, but losses were limited by forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil su…
Boeing received ‘unnecessary’ contract boost for astronaut capsule, watchdog says
Boeing’s multibillion dollar contract to build U.S. astronaut capsules received an “unnecessary” extension from NASA, a watchdog report said on Thursday, the latest management blunders in the agency’s program to restart domestic human spaceflight.
U.S. and China ‘getting close’ to trade deal: White House economic adviser
The United States and China are getting close to a trade agreement, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive talks with Beijing about ending a 16-month trade war.
Court tosses Carl Icahn’s lawsuit seeking Occidental acquisition records
Activist investor Carl Icahn will not have access to Occidental Petroleum Corp’s Anadarko takeover records to support his proxy fight against the oil firm’s board, a Delaware court judge ruled on Thursday.
Buffett’s Berkshire invests in Restoration Hardware, whose shares rise
Warren Buffett’s Berkshire Hathaway Inc on Thursday disclosed a new investment in RH , boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware.
Asian shares rise, but gains capped by weak sentiment
Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy.
Alibaba praises Hong Kong at start of retail campaign for $13 billion listing
Alibaba Group Chairman Daniel Zhang said Hong Kong’s “future is bright” as the ecommerce giant kicked off the retail campaign for its secondary listing in the city gripped by increasingly violent protests and recession.
U.S. ‘getting close’ to trade deal with China: White house economic adviser
The United States is getting close to a trade agreement with China, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive discussions with Beijing.
Court tosses Carl Icahn’s suit seeking Occidental acquisition records
Activist investor Carl Icahn will not have access to Occidental Petroleum Corp’s Anadarko takeover records to support his proxy fight against the oil firm’s board, a Delaware court judge ruled on Thursday.
