Oil races to near six-month highs on Iran sanctions, stocks rise
World oil prices jumped to near 6-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major crude producers.
Ahold says Stop&Shop strike will hurt 2019 margins
Ahold, the Dutch owner of supermarket chains in the United States and Europe, said on Monday a labor conflict at Stop&Shop in the U.S., now resolved, would hurt its underlying 2019 profit margins.
Goldman says removal of Iran oil sanctions waivers to have limited impact
Goldman Sachs expects the United States’ decision to end waivers from sanctions on imports of Iranian oil to have a limited impact on prices, even though the timing of the halt is much more sudden than expected.
Starbucks’ China challenger Luckin to raise up to $800 million in U.S. IPO: sources
Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering (IPO) through which, sources said, it is looking to raise up to $800 million.
India to get extra oil from major producers to make up for Iran oil loss: minister
India will get additional supplies from other major oil producing countries to compensate for the loss of Iranian oil, India’s Petroleum and Natural Gas Minister Dharmendra Pradhan said on Tuesday.
Electric vehicle study sees opportunity for utilities
Increasing demand for electric vehicles in the United States over the next decade will create revenue opportunities for electric utilities that invest in greater grid capacity and offer EV charging and related services, according to a study released on…
Weak first quarter seen for U.S. refiners, but brighter summer expected
U.S. independent refiners are expected to roll out lower than expected first-quarter profits after a spate of outages, weak gasoline margins and a surge in the price of Canadian oil, according to analysts.
Samsung retrieving all Galaxy Fold samples after defect reports: source
Samsung Electronics is retrieving all Galaxy Fold samples distributed to reviewers, a person with direct knowledge of the matter said on Tuesday, as the firm smarts from the reputational blow of postponing the launch of its first foldable smartphone.
Asian stocks inch up but China falters; oil at 2019 highs
Stocks in Asia rose marginally on Tuesday as many markets reopened after the long Easter break, while oil jumped to its highest this year as the United States tightened sanctions on Iran.
Japan expects little impact from U.S. scrapping Iran oil waivers
Japan expects a limited impact from the U.S. decision not to renew waivers previously granted on Iran oil import sanctions, the country’s trade and industry minister said on Tuesday.
