Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains

Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains
NEW YORK (Reuters) – Global equity markets rallied on Tuesday, with the Nasdaq and S&P 500 indexes setting record closing highs on Wall Street, while European energy shares posted their biggest daily gain since January as crude prices surged. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville... Read More

World stocks rally, near U.S. record highs, oil gains

World stocks rally, near U.S. record highs, oil gains
NEW YORK (Reuters) – Global equity markets rallied on Tuesday as the U.S. Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Wall... Read More

Fed proposes blueprint for bank-controlling companies

Fed proposes blueprint for bank-controlling companies
WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday proposed a framework for determining when a company has taken control of a bank and must face more rigorous oversight and restrictions, a move that could remove hurdles for banks seeking to attract investors and partners. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S.,... Read More

Exclusive: After U.S. sanctions, Venezuela seeks to collect some oil payments via Rosneft

Exclusive: After U.S. sanctions, Venezuela seeks to collect some oil payments via Rosneft
MEXICO CITY (Reuters) – (This April 18 story corrects to make clear Reuters could not determine payments were made under the proposed arrangement, removes reference to Evrofinance Mosnarbank and clarifies that experts see no violation of sanctions) FILE PHOTO – A view shows a helmet with the logo of Rosneft company in Vung Tau, Vietnam April 27, 2018. Picture taken... Read More

Bumblebee movie boost transforms Hasbro first quarter; shares surge

Bumblebee movie boost transforms Hasbro first quarter; shares surge
(Reuters) – Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off “Bumblebee” charged sales of its action toys, putting the company’s shares on track for their best day in more than two decades. FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas... Read More

Weak first quarter seen for U.S. refiners, but brighter summer expected

Weak first quarter seen for U.S. refiners, but brighter summer expected
NEW YORK (Reuters) – U.S. independent refiners are expected to roll out lower than expected first-quarter profits after a spate of outages, weak gasoline margins and a surge in the price of Canadian oil, according to analysts. FILE PHOTO: An aerial view of the Valero Houston Refinery is seen in Houston, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif Major independent... Read More

Fast track: Indonesia, Malaysia rail projects may give China more deals

Fast track: Indonesia, Malaysia rail projects may give China more deals
WALLINI, Indonesia (Reuters) – In a rural part of Indonesia’s Java island, two orange-clad workers confer in Mandarin over plans to lay tracks on a stretch of a $6 billion high-speed rail project between the capital Jakarta and the textile hub of Bandung. A worker stands in front of Jakarta-Bandung High Speed Railway exhibition hall at Walini tunnel construction site... Read More

Oil jumps on U.S. plans to tighten Iran sanctions, dollar eases

Oil jumps on U.S. plans to tighten Iran sanctions, dollar eases
NEW YORK (Reuters) – Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE)... Read More