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World Trading News

Barani Krishnan Commodities 18/05/2022 10:00:00
Oil Snaps 4-Day Rally After Waddling Over EU Move on Russia

Oil prices fell for the first time in five days as market participants showed their displeasure at Europe’s continued waddling over its proposed ban on Russian oil. The inclination to wait out industry data on U.S. stockpiles, due after Tuesday’s market settlement, also led to choppy price ...

Sinéad Carew, Devik Jain and Anisha Sircar Stock Markets 04/06/2022 06:00:00
Wall St ends down with strong jobs data keeping the pressure on for rate hikes

U.S. stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve's aggressive policy-tightening which is needed to cool decades-high inflation.

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Hyunjoo Jin Stock Markets 04/06/2022 02:00:00
Exclusive - Tesla's Musk feels 'super bad' about economy, needs to cut 10% of salaried staff

Tesla (NASDAQ:TSLA) CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of salaried staff at the electric carmaker, he said in emails seen by Reuters.

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Barani Krishnan Commodities 03/06/2022 22:00:00
Oil Nudges $120 as Biden Doubts Will Make Saudi Visit to See Crown Prince

Crude prices settled at almost $120 a barrel on Friday after President Joe Biden played down the likelihood that he will travel to Saudi Arabia to meet the kingdom’s Crown Prince Mohammed bin Salman, who would be key to deciding whether OPEC puts out more barrels to provide relief to a market choked by sanctions on Russian oil.

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