Oil shipping rates soar as U.S. supertanker sanctions rattle crude trade
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by...
Wells Fargo names BNY Mellon’s Charles Scharf as CEO
Wells Fargo & Co on Friday named Charles Scharf, the chief executive officer of Bank of New York Mellon , to its top job....
Austria’s AMS ups takeover offer for German lighting group Osram
Austrian sensor maker AMS has increased its takeover offer for German lighting group Osram to 41.00 euros per share from 38.50 euros, heating up a...
Precious metals net second biggest weekly inflows on record: BAML
Precious metals enjoyed their second biggest inflows in the week to Wednesday, Bank of America Merrill Lynch said on Friday, as festering trade tensions and...
Oil prices headed for weekly loss on demand jitters
Oil prices were steady on Thursday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and...
Toyota deepens Japan partnerships with Subaru stake boost
Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage...
Global oil shipping rates soar as U.S. supertanker sanctions rattle crude trade
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by...
Toyota to boost stake in Subaru to 20%
Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday as they leverage...
Australia’s AMP under pressure as pension clients exit
Australia’s AMP Ltd has lost at least one major pension contract while other companies are reviewing their relationship with the wealth manager, which has struggled...
Oil sinks amid threats to demand growth, fading Saudi supply concerns
Oil prices fell on Friday as economic headwinds revived concerns of slowing global demand growth and a faster-than-expected recovery in Saudi crude oil output eased...