Month: November 2018

Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged.

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The British pound struggled to stay afloat in Asian trade on Friday having suffered a tumultuous slide overnight, as investors feared political turmoil in the country could see it crash out of the European Union without a divorce deal.

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Asian shares shed early gains on Friday after disappointing results from U.S. chipmaker Nvidia Corp hammered its stock and sent selling rippling through the entire tech sector.

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Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses.

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The CEOs of Australia’s top banks and wealth manager will testify at a public inquiry into financial-sector misconduct in two weeks of hearings starting on Monday, in the final stages of a year-long process that looks set to transform the industry.

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Investors in the British pound remained on edge in early Asian trade on Friday after the currency suffered a tumultuous slide overnight on fears the country could crash out of the European Union without a divorce deal.

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Oil prices were stable on Friday, supported by expected supply cuts from OPEC but held back by record U.S. production.

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The Canadian province of Quebec’s securities watchdog said on Thursday it asked Bombardier Inc to halt stock trades under a plan set up to facilitate share sales by certain senior executives at the company.

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A second South Carolina jury on Thursday failed to reach a verdict in the retrial of a case by a woman whose family said her long-term use of Johnson & Johnson’s baby powder led to her death from asbestos-related cancer.

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Facebook Inc Chairman and Chief Executive Mark Zuckerberg on Thursday defended his response to Russian election meddling on the world’s largest social media network and issued a new plan aimed at stifling misbehavior while maintaining a vibrant hub for online speech.

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The British pound lay battered and bruised in Asia on Friday after a bout of political turmoil fanned fears the country could crash out of the European Union without a divorce deal.

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Sears Holdings Corp won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business.

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PG&E Corp shares soared 40 percent in after-hours trade on Thursday after a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month’s deadly wildfire in northern California.

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The Canadian province of Quebec’s securities watchdog said on Thursday it asked Bombardier Inc to halt stock trades under a plan set up to facilitate share sales by certain senior executives at the company.

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PG&E Corp shares soared 37 percent in after-hours trade on Thursday after a report that a California regulatory official told investors that the agency does not want the utility to go into bankruptcy.

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