Business News
Oil down as U.S. supply grows, OPEC considers higher output
LONDON (Reuters) – Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply.
Month: June 2018
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Oil down as U.S. supply grows, OPEC considers higher output
Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply. Benchmark Brent crude oil (LCOc1) lost $1.26 a barrel, or 1.6 percent, to a low of $75.53 before recovering to $75.89, down 90 cents, by 1125 GMT. U.S. light crude (CLc1) was 40 cents down at 65.41 a barrel. …read more […]
Business News
Former State Street executive faces U.S. fraud trial
BOSTON (Reuters) – A former executive at State Street Corp is set to face trial on U.S. charges that he participated in a scheme to defraud the bank’s clients by charging them secret commissions on billions of dollars in trades.
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9 Stocks Warren Buffett Loves More Than Ever
Berkshire added to seven of its stock positions in the first quarter …read more […]
Business News
Big Tesla investors look like firewall for Elon Musk
(Reuters) – Tesla Inc Chief Executive Elon Musk faces votes at Tuesday’s shareholder meeting that will challenge his grip on the electric carmaker, but he may be able to count on some powerful friends: big fund managers likely to be fans.
Business News
Oil down as U.S. supply grows, OPEC mulls higher output
LONDON (Reuters) – Oil prices fell on Monday as U.S. production hit a record high and as OPEC members considered boosting supply.
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The Morning After: Apple's WWDC starts today!
Good morning there! Apple’s big developer showcase starts later today. We’re …read more […]
Business News
China’s Xiaomi plans $3 billion CDRs in blockbuster July IPO: sources
HONG KONG (Reuters/IFR) – Chinese smartphone and connected device maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in Hong Kong, said people with knowledge of the matter.
Business News
Mercedes-Benz recalls 1,426 Sprinter vans in Russia: standards agency
MOSCOW (Reuters) – Russia’s technical safety watchdog Rosstandart said on Monday it had approved a plan of action with regards to a voluntary recall of 1,426 Mercedes-Benz Sprinter Classic cars sold in October-December of 2017.
Business News
Hyundai Motor says reviews investing in contract manufacturing
SEOUL (Reuters) – Hyundai Motor on Monday conducted due diligence on a contract car manufacturing plant site for possible investment, as the South Korean firm seeks ways to cut costs and conserve capital to develop new technologies such as electric vehicles.
Business News
Global shares shrug off trade tensions as U.S. data reassures
LONDON (Reuters) – Global shares rose on Monday as worries over a trade war between the United States and other major economies took a back seat, with investors focusing on an easing of political risks in Europe and strong U.S. jobs data.
Business News
Bain says will help Toshiba Memory pursue big acquisitions
TOKYO (Reuters) – Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals.
Business News
China says in principle door is open to talks with U.S. on trade
BEIJING (Reuters) – China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs.
Business News
KPMG to layoff 400 employees in South Africa after graft scandal
JOHANNESBURG (Reuters) – Global auditor KPMG said on Monday it will layoff 400 people as it closes offices in South Africa following a corruption scandal that resulted in the firm losing several major clients.
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3 Ways to Save Money Quickly That People Don't Always Take Seriously
To save money fast, start by challenging yourself to save $1,000 in a month. Shifting your focus to saving for a 30-day period can help you make saving an everyday priority, and can put you on the right track to build up a healthy emergency fund or retirement nest egg. …read more […]