Oil market watchers are torn between dramatically different forecasts for crude prices, even after OPEC’s upbeat forecast for crude demand in 2022. OPEC’s outlook sees the world consuming 99.13 million barrels per day of crude in the first quarter of 2022, an increase of 1.1 million...
The Democrats' spending bill gets pruned. Netflix (NASDAQ:NFLX) earnings disappoint as Squid Game fails to translate immediately into a revenue bump. Tesla (NASDAQ:TSLA) and IBM (NYSE:IBM) report after the bell, while NextEra Energy (NYSE:NEE), and Verizon (NYSE:VZ) head a full early slate of earnings. The European Central...
Chinese stocks rose on the first day of trade after a week-long holiday, tracking other stock markets across Asia-Pacific as markets on Wall Street rallied. Data on Friday also showed that the services activity in China returned to positive levels. Mainland Chinese stocks pared earlier gains...
Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after two hurricanes. Brent crude rose 9 cents, or 0.1%, to $76.28 a barrel at 0856 GMT. U.S. West Texas...
Shares in major Asia-Pacific markets mostly slipped in Thursday trade, with casino shares in Hong Kong mostly seeing another day of sharp losses. Shares of Wynn Macau in Hong Kong dropped 5%, Sands China fell 6.65% and Melco International Development shed 4.47%. Meanwhile, Galaxy Entertainment Group gained 1.4%. Those moves followed a Wednesday plunge...
A Greenpeace challenge against the UK government over a decision to allow a North Sea oilfield is "largely procedural and opportunistic", a court has heard. The environmental group believes permission should not have been granted for the Vorlich field. At the Court of Session, it is calling...
Chinese stocks led declines among major Asia-Pacific markets on Thursday, as U.S. markets surged to record highs overnight. Meanwhile, South Korea’s central bank hiked interest rates. China’s Shenzhen component fell 1.25%, while the Shanghai composite declined 0.50%. Hong Kong’s Hang Seng index tumbled 1.44%. Alibaba was down 1.77%, and Meituan tumbled 1.94%. Apple supplier AAC Tech dived...
U.S. stocks are seen edging higher Friday, with a generally positive week coming to an end, boosted by a rebounding labor market and strong corporate earnings. At 7:05 AM ET (1105 GMT), the Dow Futures contract was up 35 points, or 0.1%, S&P 500 Futures traded 2 points, less than...
Shares in Asia-Pacific were mixed on Thursday. Investors also monitored Hong Kong-listed shares of firms related to the Chinese video game sector after China’s state media once again took aim at the industry. By Thursday’s market close in Hong Kong, shares of Tencent in the city slipped 3.9%...
Oil was up Wednesday morning in Asia, boosted by a draw in U.S. crude supplies that reinforced expectations that fuel demand will outstrip supply growth. However, increasing numbers of COVID-19 cases globally capped the black liquid’s gains. Brent oil futures gained 0.65% to $74 by 11:26 PM ET (3:26...
