PG&E Corp’s announcement that it will file for bankruptcy, citing massive potential liability from deadly wildfires, puts California politicians in quandary, whether to offer a bailout or risk allowing the state’s largest private utility to fail.
Regulators in the U.S. state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the release of a small amount of crude oil and gas from a well that had earlier been shut.
China will aim to achieve “a good start” in the first quarter for the economy, the state planner said on Tuesday, signaling authorities could roll out more stimulus measures in the near term to counter slowing growth.
Two recent large M&A deals in the gold sector have prompted speculation that Newcrest Mining , Kinross Gold Corp and B2Gold Corp may be among the next gold companies to combine with a rival, bankers and analysts said.
Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains.
Asian stocks pulled ahead on Tuesday, led by a bounce in Chinese shares as Beijing signaled more supportive measures to stabilize a slowing economy, while the British pound braced for a showdown in parliament over the government’s Brexit plan.
Oil prices rose by 1 percent on Tuesday amid supply cuts by producer club OPEC and Russia, although analysts said much bigger gains were unlikely because of a darkening economic outlook capped gains.
Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains.
Asian shares were on back foot on Tuesday as an unexpected drop in China’s exports heightened worries about the global economy while the British pound braced for a showdown in parliament over the government’s Brexit plan.
World stock indexes fell on Monday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.
U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off.
An anonymous trader caused a stir in the U.S. equity options market on Monday with a massive bet that recalled Warren Buffett’s famous wager on global stocks more than a decade ago.
U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off.
Air Canada is interested in further developing the use of narrowbody aircraft to serve the transatlantic market and would look at both Airbus and Boeing models, a senior executive said.
General Motors Co’s strategy to make its luxury Cadillac marque its lead electric vehicle brand is the automaker’s final opportunity to turn the unit around and make it a success, a top executive said on Monday.
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