Dollar gains after data bolsters growth view, Italy weighs on euro
The U.S. dollar gained on Wednesday as data supported the view that the U.S. economy is in strong shape and as concerns about Italy’s budget negotiations continued to weigh on the euro.
Global stocks mixed amid lull in Italy crisis, U.S. ADP jobs data
Stock markets around the world were mixed on Wednesday amid signs that Rome would cut budget deficits and decrease its debt in the coming years, while U.S. Treasuries yields hit multi-year highs and the dollar firmed as data pointed to another Federal …
Wall Street climbs as financials gain, but off earlier highs
Wall Street rose on Wednesday, with the Dow Jones Industrial Average hitting a record high for a second day after economic data boosted Treasury yields and lifted financial stocks.
Facebook’s lead EU regulator opens probe into data breach
Facebook’s lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Wednesday commenced an investigation into a massive cyberattack on the social networking site that the company disclosed last week.
Brent crude at highest since October 2014, Iran sanctions drive buying
Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
Wall Street climbs as financials gain; S&P nears record high
The Dow Jones Industrial Average hit a record high on Wednesday, driven by gains in financial and technology stocks and a robust monthly private payrolls report.
U.S. services sector activity hits 21-year high; hiring accelerates
U.S. services sector activity raced to a 21-year high in September and companies boosted hiring, signs of enduring strength in the economy at the end of the third quarter.
U.S. retailer group sees 2018 holiday sales up more than 4 percent
U.S. holiday sales in 2018 will increase 4.3 percent to 4.8 percent boosted by a strong economy but will be slower than a year ago when consumer spending surged to a 12-year high, according to a forecast from a leading retail industry group.
Merger talks started in spring between Canadian oil companies Husky, MEG
Canadian oil companies Husky Energy Inc and MEG Energy Corp discussed a possible merger for months, and one major MEG shareholder expressed interest early, before Husky was rebuffed and launched a hostile bid this week, according to a Husky filing.
Global energy bosses send Trump a message: world needs Russian gas
Global energy bosses assembled in Moscow on Wednesday said the world needed Russian gas to keep the lights on, in a clear message to U.S. President Donald Trump who has warned he may impose sanctions on Russian gas export projects.
