Oil prices stable on Venezuelan supply trouble, but surging U.S. supply looms
SINGAPORE (Reuters) – Oil prices were stable on Friday, supported by Venezuela’s struggles to meet its supply obligations and by ongoing output cuts led by producer cartel OPEC, although surging U.S. crude output was looming over markets.
G7 leaders set to clash with combative Trump over tariffs, trade
QUEBEC CITY (Reuters) – Leaders of the Group of Seven rich nations are set to clash with a combative U.S. President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminum they fear could lead to a trade war.
Asian shares wobbly as risk sentiment sours, euro buoyant
SYDNEY/TOKYO (Reuters) – Asian shares retreated from a 2-1/2 month high on Friday as investors turned away from emerging markets due to uncertainties over global trade relations, and expectations of more U.S. rate hikes and a wind down of a massive mon…
Oil prices rise on ongoing Venezuelan supply trouble
SINGAPORE (Reuters) – Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC.
Dollar near three-week lows, weighed by lower U.S. yields and strong euro
TOKYO (Reuters) – The dollar wallowed near a three-week low against peers on Friday as U.S. Treasury yields fell sharply, while the euro’s recovery remained intact amid expectations that the European Central Bank would begin unwinding it stimulus progr…
Asian shares seen slipping as risk sentiment sours, euro buoyant
SYDNEY (Reuters) – Asian shares are set for a soft start on Friday as global risk appetite deteriorated on worries the European Central Bank was ready to start tapering its massive stimulus, although trade was expected to be cautious ahead of big diplo…
U.S. senator queries Alphabet, Twitter on ties with Huawei
WASHINGTON (Reuters) – A senior U.S. senator said on Thursday that he has asked Google parent Alphabet Inc and Twitter Inc for information about any data sharing agreements they have with Chinese vendors, after Facebook Inc this week disclosed such par…
Italy’s Illycaffe launches cold coffee as Starbucks looms
MILAN (Reuters) – Italian premium coffee maker illycaffe will launch hand-pulled cold coffee this summer, in a sign it is feeling the pressure as coffee chain Starbucks prepares to debut in its home turf.
Phony bank accounts not a ‘systemic’ issue: U.S. regulator
WASHINGTON (Reuters) – A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co’s sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a “systemic” problem.
S&P, Nasdaq fall as tech rally loses steam; Dow rises
NEW YORK (Reuters) – The S&P and Nasdaq fell on Thursday as the technology sector snapped a rally while investors turned to safer bets as they kept an eye on global trade tensions and waited for U.S. and European central bank meetings.
