Oil Hits Four-Month High as US Sanctions on Russia Sow Confusion
Oil rallied to the highest level in more than four months as a fresh wave of US sanctions against Russia’s…
Stocks and Bonds Retreat on Fed Rate-Cut Outlook: Markets Wrap
European stocks and US equity futures dropped as traders trimmed bets on Federal Reserve interest-rate cuts after Friday’s payroll data.…
Porsche’s 2024 China sales fall by 28%
German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in…
Nvidia criticizes reported Biden plan for AI chip export curbs
Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports,…
Oil in Longest Run of Weekly Gains Since July as Market Tightens
Oil headed for a third weekly gain — set for the best run since July — as signs of market…
Netherlands holds supply talks with Nvidia, AMD on AI-facility
The Dutch government said on Thursday it is in discussions with U.S. chip firms Nvidia and AMD about suppling hardware…
BP projects 44% jump in oil output from India’s largest field, ONGC says
Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India’s largest…
Pound Trading Frenzy Shows Option Market’s Fear of Truss Redux
Wednesday was the busiest day for pound options trading since the currency slumped toward an all-time low in 2022, an…
Oil steadies with weak China data and US stockpiles in focus
Oil steadied as traders assessed data that highlighted continued weakness in China’s economy, and a drawdown in US crude stockpiles.…
VW managers to take combined 300-million-euro pay cut
Volkswagen’s management will take pay cuts adding up to over 300 million euros ($310.08 million) by 2030, according to comments…