Oil surges as Saudi attack focuses market on supply risks
Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the start of the Gulf War in 1991, after an...
OxyContin maker Purdue Pharma files for bankruptcy protection
OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company...
Fed trades ‘remarkably positive’ for ‘no precedents’ after volatile year
A year ago, U.S. Federal Reserve Chair Jerome Powell held a “remarkably positive outlook” for an economy enjoying a “historically rare” combination of good news...
Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal
Dream Global Real Estate Investment Trust said on Sunday it is to be bought by funds managed by Blackstone Group Inc in a C$6.2 billion...
Oil prices soar 10% after attack on Saudi facilities hits global supply
Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia’s...
Saudi attacks threaten U.S. gasoline price hikes, particularly in California
U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia’s oil facilities are on the West Coast,...
Oil prices surge 15% after attack on Saudi facility hits global supply
Oil prices surged more than 15% at the open on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more...
U.S. stock futures fall after Saudi oil attacks
U.S. stock futures fell 0.59% percent when trading resumed on Sunday, a day after attacks on Saudi oil facilities that risk disrupting global energy supplies. ...
U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities
U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels...
Axel Springer plans layoffs after KKR becomes biggest shareholder: report
Axel Springer is planning layoffs as part of a cost-cutting program that would mainly affect its newspapers, the German media group’s chief executive told the...