A year after the crash, oil markets risk more trouble ahead
SINGAPORE/LONDON/NEW YORK/TOKYO (Reuters) – A year on from the start of one of the biggest oil price crashes in history, the driving force behind the slide remains intact: there is still too much crude.
Euro zone return to inflation confirmed as energy impact wanes
BRUSSELS (Reuters) – The euro zone economy returned to inflation in May, the European Union’s statistics office Eurostat confirmed on Tuesday, as more expensive food, tobacco and services outweighed the impact of lower energy prices.
Caution reigns as Fed and Greek uncertainty rumble on
LONDON (Reuters) – Investors in most asset classes traded cautiously on Wednesday as they waited for a signal from the U.S. Federal Reserve on its first rate hike and whether the euro zone would pull another Greek rabbit out of its hat.
Nestle scales back Africa workforce
(Reuters) – Swiss food and drinks company Nestle is cutting 15 percent of its workforce in 21 African countries, the company confirmed on Wednesday.
Chase Carey to stay at Fox to advise newly promoted Murdoch sons
(Reuters) – Twenty-First Century Fox Inc’s Chase Carey will remain at the company for another year to support James and Lachlan Murdoch in their new positions running the media company.
Wall Street up with eyes on Greece, Fed; M&A supports
(Reuters) – U.S. stocks rose on Tuesday following back-to-back daily declines, with merger activity more than offsetting market concerns as Greece struggles to avoid a default on its debt.
Bondholders clash with Colt as U.S. gun maker’s bankruptcy begins
WILMINGTON, Del (Reuters) – Bondholders of gun maker Colt ripped into the bankrupt company’s private equity owner in a court hearing on Tuesday, saying the firm sped up its decline by starving it of cash and investment.
JPMorgan wins dismissal of shareholder lawsuit over London Whale
NEW YORK (Reuters) – JPMorgan Chase & Co officials including Chief Executive Officer Jamie Dimon do not have to face a shareholder lawsuit claiming they failed to properly investigate the “London Whale” trading scandal that caused $6.2 billion in losses, a federal appeals court ruled on Tuesday.
Adobe profit beats analysts estimates; forecast disappoints
(Reuters) – Photoshop maker Adobe Systems Inc reported a better-than-expected profit for the sixth straight quarter, helped by a 12 percent sequential jump in annualized recurring revenue in its digital media segment.
A year after the crash, oil markets risk more trouble ahead
SINGAPORE/LONDON/NEW YORK/TOKYO (Reuters) – A year on from the start of one of the biggest oil price crashes in history, the driving force behind the slide remains intact: there is still too much crude.
