The dollar rose on Friday to a two-week peak against a basket of currencies after data showing a record Chinese trade surplus, which may add fuel to U.S.-China trade tensions, spurring more investors to pile into the safety of the greenback.
U.S. President Donald Trump will discuss substantial reductions to nuclear weapons when he meets Russian President Vladimir Putin in Helsinki on Monday.
U.S. President Donald Trump said on Friday he looked forward to finalizing a post-Brexit trade deal with Britain, marking an abrupt change from a newspaper interview when he said Prime Minister Theresa May’s strategy would kill such an agreement.
Wells Fargo & Co posted a quarterly profit that fell short of analyst estimates on Friday as expenses increased due to former missteps and lending activity dropped, sending its shares down 4 percent in early trade.
U.S. President Donald Trump said on Friday he looked forward to finalizing a post-Brexit trade deal with Britain, striking a contrasting tone to a newspaper interview when he said Prime Minister Theresa May’s strategy would kill such an agreement.
Citigroup Inc’s quarterly profit topped Wall Street estimates on strength in its consumer banking business, but revenue missed expectations, weighed down by lower debt underwriting.
U.S. stock index futures were flat on Friday after a mixed bag of results from the three big Wall Street banks kicked off what is expected to be a strong corporate earnings season.
Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.
Ferrellgas (FGP) expects the recently-acquired Diamond Propane to be accretive to earnings and enable business expansion in northern New York. …read more […]
Goldman Sachs economists said on Friday they placed a 60 percent chance the Trump administration would impose duties on an additional $200 billion worth of Chinese imports that were recently targeted.
U.S. import prices fell the most in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods, pointing to benign import inflation pressures.
New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.
The present contract for the Makassar Strait block is set to expire in 2020 and Chevron (CVX) has decided to withdraw its extension proposal. …read more […]
Citigroup Inc’s quarterly profit topped Wall Street estimates on Friday, helped by strength in its consumer banking business in Mexico, North America and Asia.
Trump claims victory in convincing European allies to raise defense spending, giving defense stocks a big boost on Thursday. …read more […]
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