Big Oil stuns Brazil in back-to-back auction flops
Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up promising offshore blocks and forcing officials to reconsider...
Brazil will reevaluate signing bonuses, other parameters of offshore auctions
The Brazilian government will reevaluate the terms of pre-salt auctions, including the signing bonuses and profit oil required from bidders, Brazil’s mines and energy minister...
Five new life lessons from Charles Schwab
(The writer is a Reuters contributor; the opinions expressed are his own.)...
Ralph Lauren profit gets boost from Chinese demand; shares rise 14%
Strong demand for Ralph Lauren Corp’s Polo shirts and tweed jackets in China helped the high-end apparel retailer beat quarterly profit estimates on Thursday, sending...
Power provider PG&E Corp raises 2019 cost estimates by over 50%; shares fall
Power company PG&E Corp on Thursday raised its 2019 costs estimates by more than 50% related to deadly wildfires in California and its bankruptcy, sending...
Wall Street hits fresh record high on trade progress
Wall Street’s main indexes hit fresh record highs on Thursday, rallying on signs of progress in U.S.-China trade relations and another batch of largely upbeat...
Oil rises above $62 on hopes for U.S.-China trade deal
Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an...
Risk for Uber affiliate was mispriced: insurer James River’s CEO
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become...
Eu’s Vestager says has received many concerns regarding Apple Pay
Europe’s antitrust chief Margrethe Vestager said on Thursday that she has received many expressions of concerns regarding iPhone maker Apple’s mobile payment service....
S&P 500, Dow open at record highs on trade deal optimism
The S&P 500 and Dow Jones indexes hit record highs on Thursday, helped by gains in technology stocks on signs of progress in U.S.-China trade...