Articles by admin

Brent crude rose more than $1 on Thursday as focus turned to a big drawdown in U.S. stockpiles, recouping some of the market’s heavy losses from the previous session that had been sparked by news that Libya would resume oil exports.

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Wal Mart de Mexico’s new e-commerce head plans to play to its strengths in grocery deliveries to help the country’s largest retailer stand apart from rivals, like Amazon.com Inc and his former employer MercadoLibre Inc , he said in an interview Wednesday.

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The dollar steadied near a six-month high against the Japanese yen and held firm against its major peers on Thursday after the latest U.S. economic data reaffirmed expectations that the Federal Reserve will hike interest rates two more times this year.

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The U.S. dollar strengthened against the Japanese yen on Wednesday as trade tensions mounted and after the Labor Department’s expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year.

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Asian stocks remained under pressure on Thursday from fears of an escalation in the U.S.-China trade war, while the dollar stood stall after rallying against its peers amid the turmoil in broader markets.

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Planemaker Embraer SA is counting on the votes of public-sector Brazilian shareholders to outweigh any potential investor objections to its tie-up with Boeing SA , two people with knowledge of the matter said.

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U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday.

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Broadcom Inc plans to acquire U.S. business software company CA Inc in a $19 billion deal aimed at diversifying Broadcom beyond semiconductors, but Wall Street analysts were immediately skeptical.

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Glencore Plc faces at least two lawsuits by U.S. shareholders accusing the big Anglo-Swiss mining company of having made false and misleading disclosures before it received a subpoena in a corruption probe, and its stock tumbled.

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Comcast Corp on Wednesday raised its offer for Britain’s Sky in a deal valuing the pay-TV group at $34 billion, topping a raised bid of $32.5 billion from Rupert Murdoch’s Twenty-First Century Fox .

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