Oil ticks over near 2019 highs amid OPEC cuts, but economic slowdown applies brakes
Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy.
Factbox: U.S., China drafting memorandums for possible trade deal
Top U.S. and Chinese trade officials are working this week to hash out language on six broad agreements that aim to resolve the most contentious issues in their seven-month trade war.
Exclusive: U.S., China sketch outlines of deal to end trade war – sources
The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotia…
Standard Chartered sets aside $900 million to cover U.S., British fines
Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from regulatory investigations in the United States and Britain, potentially drawing a line under probes which have dogged the bank for years.
Asia shares steady after Fed minutes, Aussie rallies
Asian shares held near 4-1/2-month highs on Thursday after U.S. Federal Reserve minutes affirmed it would be “patient” on interest rate rises and risk assets got a lift from hopes of further progress in U.S.-China trade talks.
Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela
Oil prices hovered just below 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran.
StanChart fined $133 million by Britain’s financial watchdog
Standard Chartered Plc said on Wednesday Britain’s financial watchdog has imposed a fine of 102.2 million pound ($133.3 million) in relation to its investigation into the bank’s historical financial crime controls.
Southwest shares drop as mechanics dispute escalates
Southwest Airlines Co’s shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.
Samsung announces folding phone with 5G at nearly $2,000
Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest amid slumping sales.
Exclusive: Lyft plans to launch its IPO roadshow week of March 18 – sources
Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.
