The oil price shot to its highest in four years on Tuesday, catapulted by upcoming U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply.
A full-blown global trade war would have serious effects on global growth and there would be no winners of such a scenario, the director-general of the World Trade Organization (WTO) Roberto Azevedo said on Tuesday.
World stocks struggled to make headway on Tuesday after another round of U.S.-China tariffs kicked in and investors’ nerves were frayed by rising expectations of central bank rate hikes and oil prices near four-year highs.
Comcast , the victor in the $40 billion auction for Sky , said on Tuesday it had bought more than 30 percent of the European pay-TV group’s shares in the market.
Step into one of the more than 4,300 H&M budget fashion stores around the world and you often know what to expect: clothes racks crammed with tops, trousers and skirts in a spartan and sometimes cluttered environment.
A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods.
Brent crude oil prices hit a fresh four-year high on Tuesday amid looming U.S. sanctions against Iran and an apparent reluctance by OPEC and Russia to raise output to offset the expected to hit to supply.
Comcast , the victor in the auction for Sky on Saturday, said on Tuesday it had bought 29.1 percent of the European pay-TV group’s shares in the market.
Oil prices hit their highest since November 2014 on Tuesday, topping four-year highs from the previous day, as looming U.S. sanctions against Iran and reluctance by the Organization of the Petroleum Exporting Countries to raise output supported markets.
Oil prices on Tuesday were holding just below four-year highs hit in the previous session, as looming U.S. sanctions against Iran and unwillingness by the Organization of the Petroleum Exporting Countries (OPEC) to raise output supported the market.
Asia stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth.
Oil prices on Tuesday were within reach of four-year highs hit in the previous session, as looming U.S. sanctions against Iran and unwillingness by the Organization of the Petroleum Exporting Countries (OPEC) to raise output supported the market.
Instagram on Monday said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, with the pair giving scant explanation.
A senior Chinese official said on Tuesday that it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods.
Confrontation between China and the United States means both sides lose, and talks with Washington cannot take place under threats and pressure, the Chinese government’s top diplomat State Councillor Wang Yi told U.S. business leaders.
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