Oil driven higher by tight supply expectations
(Reuters) – Oil benchmark Brent hovered above $87 a barrel as crude prices looked set to set to snap a…
Gold prices steady ahead of payrolls report, copper boosted by China
Gold prices moved little on Friday, steadying near three-week highs as markets awaited more cues on U.S. monetary policy from…
Investors lower outlook for consumers as student loans, credit card debts pile up
(Reuters) – Signs of rising consumer stress are prompting some fund managers to grow more conservative in their outlooks, even…
Futures move higher ahead of August jobs report
(Reuters) – U.S. stock index futures were higher on Friday ahead of a reading that could show job growth likely…
Asia FX muted, dollar steadies ahead of nonfarm payrolls
Most Asian currencies moved in a flat-to-low range on Friday, while the dollar steadied after an overnight recovery as markets…
Dollar unlikely to lose global dominance soon even as BRICS expand – note
(Reuters) – The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the…
China EV maker Hozon Auto appoints banks for $1 billion Hong Kong IPO -sources
(Reuters) – Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to…
In wake of Credit Suisse, Switzerland told to better prepare for bank failure
(Reuters) – Switzerland was urged to prepare properly for the failure of a big bank on Friday by a group…
Lululemon shares rise after it beats expectations and raises outlook; ‘impressive’ say analysts
Lululemon Athletica shares rose after beating expectations and raising its outlook. The athleisure apparel retailer reported second-quarter earnings per share…
Tesla launches new Model 3 in China with longer range
(Reuters) – Tesla (NASDAQ:TSLA) on Friday unveiled a restyled Model 3 with a longer driving range in China and other…