Exclusive: U.S. EPA may issue E15 gasoline plan without biofuel credit trade limits – sources
The U.S. Environmental Protection Agency is considering releasing its draft proposal to expand sales of higher ethanol blends of gasoline without including simultaneous measures it promised the oil industry to curb biofuel credit speculation, according…
OPEC cuts 2019 oil demand forecast on global slowdown
OPEC cut its forecast for 2019 world oil demand on Tuesday due to slowing economies and expectations of faster supply growth from rivals, underlining its challenge to prevent a surplus even as it starts new production cuts.
Shopify reports slower growth in vendor sales, shares fall 7 percent
Shopify Inc beat analysts’ estimates for quarterly profit on Tuesday, but a slowing rate of growth in total sales by vendors using the ecommerce company’s software sent its U.S.-listed shares down about 7 percent before the bell.
Stock futures gain on deal to avert government shutdown, trade hopes
U.S. stock index futures rose on Tuesday, as sentiment was lifted after lawmakers reached a tentative deal to avert another partial government shutdown and the United States and China expressed optimism about their ongoing trade talks.
Under Armour reins in discounts, beats holiday-quarter profit forecasts
Under Armour Inc, exceeded Wall Street estimates for quarterly profit on Tuesday, as the sportswear maker cut product sourcing costs and sold fewer discounted sneakers during the holiday shopping season.
Shopify reports smaller loss in fourth quarter
Shopify Inc’s loss narrowed in the fourth quarter, the online store builder said on Tuesday, as it signed up more businesses and earned higher payment processing fees.
Under Armour beats Wall Street estimates for fourth-quarter revenue
Under Armour Inc, reported quarterly revenue that edged past Wall Street estimates on Tuesday, as the sportswear maker discounted less and sold more sneakers at full price during the holiday season.
Oil up nearly 2 percent on Saudi and OPEC cuts
Oil prices gained nearly 2 percent on Tuesday, supported by OPEC-led production cuts which Saudi Arabia said it would surpass by over half a million barrels per day (bpd) and by U.S. sanctions against Iran and Venezuela.
German government to consult further before taking Huawei decision: source
The German government will consult further with telecoms operators and vendors before deciding whether to let Chinese firms such as Huawei Technologies participate in building future 5G mobile networks, a senior source said.
Mnuchin, in China, looks forward to trade talks
U.S. Treasury Secretary Steven Mnuchin looks forward to several important days of trade talks, he said on Tuesday after arriving in the Chinese capital for high-level talks to hammer out a deal ahead of a March 1 deadline.
