Business & Finance News
U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of 3.5%, which could assuage financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions.
Washington’s latest accusation that China is dumping wooden cabinets and vanities on U.S. shores sums up the mood between the two warring sides as they head into another round of high-level discussions.
Oil prices rose on Friday but remained on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the move to a low-carbon economy.
BP Chief Executive Bob Dudley’s decade at the helm of one of the world’s biggest oil companies almost didn’t happen.
U.S. stock index futures retreated on Friday ahead of a crucial jobs report in a dismal week for markets roiled by bleak economic data that raised fears of the world’s biggest economy sliding into a recession.
Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the transition to a low-carbon economy.
U.S. state officials are due on Friday to launch a counterattack against OxyContin maker Purdue Pharma LP over its attempt to shield the company and its controlling Sackler family from thousands of lawsuits accusing the company of fueling the opioid epidemic.
BP on Friday appointed its head of upstream Bernard Looney as chief executive to succeed Bob Dudley when he retires next year, the latest in a series of changes in senior management at some of Britain’s biggest companies.
Astronomers get to name comets and biologists get to name species, but come up with something cool in economics and you might be memorialized with a law or a rule or a “curve.”
Oil prices rose on Friday but were still on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
Indian low-cost carrier SpiceJet Ltd may consider taking some of the Boeing 737 MAX planes that were due to be delivered to now bankrupt Jet Airways but are still sitting in Seattle, its chairman said on Friday.
Global stocks were slightly higher on Friday, clawing back some ground lost in their worst week for months, and safe haven assets rose ahead of a key jobs report as investors hoped this week’s dismal data would trigger more U.S. interest rate cuts.
Oil prices rose on Friday but were still on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
Bernard Looney, boss of oil and gas production at BP , will take over from Bob Dudley as chief executive next year.
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