U.S. oil soars 10% in week on fears of U.S.-Iran conflict
Oil futures rose 1% on Friday, with U.S. crude up 10% in the week and global benchmark Brent gaining 5%, on fears the United States could attack Iran and disrupt flows from the Middle East, which provides more than a fifth of the world’s oil output.
Wall St. dips after strong rally as U.S.-Iran tensions escalate
U.S. stocks slipped on Friday as rising tensions between the United States and Iran slammed the brakes on this week’s run that lifted the S&P 500 to a record high.
U.S. markets regulators reach deal on Dodd-Frank swaps capital rules
U.S. markets regulators on Friday unveiled an agreement on how much capital and margin firms must hold when trading swaps based on securities, finalizing a key piece of the 2010 Dodd-Frank law introduced following the 2007-09 financial crisis.
Factbox: International airlines’ response to FAA on Iran airspace
The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions.
Wall St. dips at open on U.S.-Iran tensions
U.S. stocks opened modestly lower on Friday, as rising tensions between the United States and Iran kept investors on edge, taking the shine off a rally in the prior session that pushed the S&P 500 to a record high.
Huawei says European smart phones sales up ‘in past few days’
Huawei smartphone sales in Western Europe have risen “in the past few days” as customers grow more confident the Chinese company will weather U.S. sanctions imposed last month, an executive for the Chinese firm said on Friday.
Ex-Barclays CEO Varley cleared of fraud charges
Former Barclays CEO John Varley was acquitted of fraud charges on Friday after senior judges said there was insufficient evidence against him in a case about Qatari cash injections that saved the bank from a state bailout in 2008.
Brent oil up 5% this week on fears of U.S.-Iran conflict
Brent oil rallied above $65 per barrel on Friday and was on track for a 5% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world’s oil output.
European central bankers claim oversight over Facebook’s cryptocurrency
Three European central bankers are claiming oversight over Facebook’s planned virtual currency to ensure it will not jeopardize the financial system or be used to launder money.
Futures slip after strong rally as Iran tensions rise
U.S. stock index futures dipped on Friday, after a strong rally in the prior session that helped the S&P 500 hit a record high, as rising tensions between the United States and Iran kept investors on edge.
