Wall Street was set to rise at open on Wednesday, indicating a slight respite after a punishing few sessions that left the S&P 500 on the brink of bear market territory on worries over slowing growth and the recent drama in the White House.
Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela’s navy stopping two seismic survey vessels the company had hired.
Sales during the U.S. holiday shopping season rose 5.1 percent to over $850 billion in 2018, the strongest in the past six years, according to a Mastercard report, as shoppers were encouraged by a robust economy and early discounts.
Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA.
Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales.
U.S. stock futures rose on Wednesday, indicating a slight respite after punishing few sessions that have pushed the S&P 500 near bear market territory on worries over slowing growth and the recent drama in the White House.
The big uptick in stock market gyrations this year has made a surprise winner out of a trade that has rarely delivered a win – buying and holding volatility.
Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an OPEC-led effort to tighten supply.
A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday.
A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday.
Private buyers of Iranian crude have had “no problems” exporting it, Iran’s oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran’s oil exports.
Germany’s leading industry groups said on Wednesday that Britain’s departure from the European Union and trade disputes triggered by U.S. President Donald Trump’s ‘America First’ policies were posing the biggest risks to growth and prosperity.
Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market.
Asian stock markets retreated again on Wednesday, extending a rout that began last week as U.S. political uncertainty exacerbated worries over slowing global economic growth.
Nissan director Greg Kelly was being examined in a hospital on Wednesday, a source said, a day after he was released on bail from a Tokyo jail where his former boss Carlos Ghosn is still being detained.
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