Oil drops after U.S. inventory build renews oversupply concerns
Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply...
DoubleLine’s Gundlach bearish on U.S. dollar, says stocks ‘lofty’
The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the billionaire chief...
Dollar nurses losses amid caution ahead of Fed
The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in...
Chinese companies put U.S. listing plans on ice as tensions mount
Chinese companies are putting off plans for U.S. listings as tensions between the world’s top two economies rise, lawyers, bankers, accountants and regulators involved in...
Cathay Pacific plans to repay Hong Kong government over three to five years
Cathay Pacific Airways Ltd said it expects to repay the Hong Kong government for HK$19.5 billion ($2.52 billion) of preference shares over a three to...
Asian shares slip after mixed Wall Street session
Asian equities slipped on Wednesday after most U.S. stocks pared gains made during their recent rally, although the Nasdaq benchmark reached its second straight day...
Pompeo chides HSBC for ‘corporate kowtow’ to Beijing
U.S. Secretary of State Mike Pompeo on Tuesday chided British bank HSBC for backing moves by China to end Hong Kong’s autonomy, saying such “corporate...
Thousands of Vodafone UK customers face call connection problems
Thousands of British customers of Vodafone Group Plc , the world’s second-biggest mobile operator, faced call connection problems on Tuesday evening, although they were resolved...
S&P 500, Dow ease as focus shifts to Fed; tech pushes Nasdaq to closing record
The S&P 500 and Dow fell on Tuesday, pausing after recent strong gains as focus shifted to the Federal Reserve, while the Nasdaq ended at...
Stocks trend lower as investors step back, safe-havens rally
A recent run of optimism in markets hit the brakes on Tuesday as investors mostly pulled back from stocks, though the Nasdaq extended its record...