Oil prices surge on hopes of successful U.S.-China trade talks
Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown.
Factbox: What can the state of California do about PG&E?
California utility PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it could face billions of dollars in potential liabilities if it is held responsible for fatal wildfires in 2018 and 2017, people familiar with the matter have told Reuters.
Asian shares edge up on U.S.-China trade optimism, oil climbs
Asian shares inched up on Wednesday, supported by optimism the United States and China can strike a trade deal to avoid an all-out confrontation that will severely disrupt the global economy.
U.S. oil prices rise above $50 on trade talk hopes
U.S. crude oil prices on Wednesday rose above $50 per barrel for the first time in 2019 on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown.
World Bank’s Kim to join Global Infrastructure Partners
World Bank Group President Jim Yong Kim will join Global Infrastructure Partners (GIP), a private equity fund that invests in projects in wealthy and developing countries, the firm said on Tuesday, a day after Kim’s shock resignation from the bank.
Chinese state media says any U.S.-China trade agreement must involve ‘give and take’
China is keen to put an end to its trade dispute with the United States but will not make any “unreasonable concessions” and any agreement must involve compromise on both sides, state newspaper the China Daily said on Wednesday.
U.S. government official says trade talks with China continuing Wednesday
Trade talks between China and the United States will continue on Wednesday, a U.S. government official told reporters.
Venezuela congress slams oil deals with U.S., French companies
Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA [PDVSA.UL] and U.S. and French companies announced this week illegal, since they had not been sent to lawmakers for approval.
Kroger plans $1.2 billion debt offering
U.S. supermarket chain Kroger Co said on Tuesday it plans to raise $1.2 billion through a debt offering, according to a U.S. regulatory filing https://bit.ly/2QxmZAN.
U.S. retail imports level off after China tariff avoidance rush
Imports at major U.S. container ports are leveling off after retailers’ months-long rush to bring in Chinese merchandise before higher tariffs hit, according to a retail trade report issued on Tuesday.
