Oil rises 1 percent on deepening OPEC supply cuts, sanctions on Venezuela
Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela's oil exports.
Category Archives: businessNews
Venezuela turns to India for oil exports as U.S. sanctions bite
Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.
Mnuchin hopes for ‘productive’ trade meetings in China
U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hopes for "productive" trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.
Oil prices rise on OPEC supply cuts, Venezuela sanctions
Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela's oil exports.
Asian stocks touch four-month peak on U.S.-China trade deal hopes
Asian stocks edged up to a more than four-month high on Wednesday, lifted by optimism that the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.
Venezuela turns to India as sanctions cut oil flow to U.S., Europe
Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.
No evidence that Fed’s balance sheet is behind market swings: Mester
Cleveland Fed President Loretta Mester on Tuesday said she has not seen evidence that the Federal Reserve's shrinking balance sheet has caused disruption in financial markets.
U.S.’ Mnuchin hopes for ‘productive’ trade meetings in China
U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hopes for "productive" trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.
Twitter CEO says his and other tech firms have not combated abuse enough
Twitter Inc Chief Executive Jack Dorsey said on Tuesday that Silicon Valley companies, including his own, have not done enough to protect victims of online abuse, calling it a "huge fail."
Asian stocks lifted by U.S.-China trade talk hopes
Asian stocks pulled ahead and safe-haven government bonds came under further pressure on Wednesday on optimism the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.
Exclusive: Venezuela’s self-declared president Guaido to nominate own Citgo board – sources
Advisers to Venezuela's self-declared president Juan Guaido have proposed he appoint six executives to a transitional board for U.S. refiner Citgo Petroleum Corp, Venezuela's most important foreign asset, four people close to the talks said.
Ford told UK PM May it is preparing alternative production sites: The Times
Ford Motor Co told British Prime Minister Theresa May that it is stepping up preparations to move production out of Britain, The Times reported on Tuesday.
Amazon, GM in talks to invest in electric pickup truck maker Rivian: sources
Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.
Exclusive: Walmart, Google-backed Deliv end online grocery partnership
Walmart Inc and logistics firm Deliv pulled the plug on a key same-day grocery delivery partnership, dealing a setback in the retailer's race against rival Amazon.com Inc to deliver groceries to customers' homes.
Fed to finalize plans to end balance sheet runoff ‘at coming meetings’: Mester
The Federal Reserve will chart plans to stop letting its bond holdings roll off "at coming meetings," Cleveland Fed President Loretta Mester said on Tuesday, signaling another major policy shift for the Fed after pausing interest rate hikes.
Vale CFO says miner’s top managers were unaware of dam risk report
Senior management at Brazilian miner Vale were never shown internal security documents indicating that its dam at Brumadinho was at risk of collapse, the company's chief financial officer said on Tuesday.
