Business

Oil climbs on mixed USA crude stocks data

Oil climbs on mixed USA crude stocks data

WTI Futures for April delivery were trading at $62.16 a barrel in Asia at 9:45pm ET, up 0.19%. for May delivery, traded in London, were up 0.20% at $65.62 per barrel. In an unusual news release Wednesday, Saudi Arabia's national oil company said it would continue cutting crude oil production, signaling its commitment to a production cap agreement after Iran called for gradually lifting output curbs.


Trump blocks Broadcom hostile bid to Qualcomm

Trump blocks Broadcom hostile bid to Qualcomm

Broadcom is officially withdrawing its $117 billion (roughly Rs. 7.6 lakh crores) bid to buy United States chipmaker Qualcomm , two days after President Donald Trump blocked the Singapore company's ambitions over national security fears.


Former Equifax executive has been charged with insider trading

Former Equifax executive has been charged with insider trading

Ying, who was next in line to become the company's global CIO, avoided more than $117,000 of losses by selling his shares, the SEC said. Ying is also facing criminal charges from the US Attorney's Office for the Northern District of Georgia, SEC said.


US eyes tariffs on Chinese goods; targeting tech, telecoms, apparel

US eyes tariffs on Chinese goods; targeting tech, telecoms, apparel

But Trump said that his country is willing to negotiate with countries that share security concerns with the US on a possible exemption before the duty implementation, so there is a possibility that exemptions could be given to more countries, including Korea.


Canada announces support for continental World Cup bid

Canada announces support for continental World Cup bid

Morocco is the only challenger to the joint Canada, Mexico and USA bid to stage the tournament. "Throughout this process, we have been in regular contact with the bid committee and other levels of government to support this bid, while protecting taxpayers", Beare said.


Pru to spin-out and float M&G

Pru to spin-out and float M&G

Meanwhile, Prudential will include the Asian, US and African operations and retain the listing status in London, Hong Kong, Singapore and NY. Its remaining business will contain its faster growth United States and Asian operations. The blue chip FTSE 100 .FTSE index closed down 0.09 percent at 7,132.69 points, slightly above the pan-European STOXX 600 .STOXX , down 0.15 percent while the Dow Jones Industrial Average .DJI was losing about 1 percent at the same time.