Category: Mining

Oil prices firm on trade hopes, but record U.S. output drags

WallStreetReview
Oil prices firm on trade hopes, but record U.S. output drags
SINGAPORE (Reuters) – Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo Despite this, prices remained just below 2019 peaks reached... Read More

Italian ruling-party lawmakers push for Huawei ban: paper

WallStreetReview
Italian ruling-party lawmakers push for Huawei ban: paper
FILE PHOTO: The logo of Huawei Technologies in front of the German headquarters of the Chinese telecommunications group in Duesseldorf, Germany, February 18, 2019. REUTERS/Wolfgang Rattay/File Photo MILAN (Reuters) – A group of lawmakers from Italy’s ruling coalition is pushing the government to ban China’s Huawei Technologies Co Ltd from supplying equipment for the country’s rollout of 5G mobile communications,... Read More

China rebound drives Asian shares higher

WallStreetReview
China rebound drives Asian shares higher
SHANGHAI (Reuters) – Shares in Asia recouped early losses on Friday, buoyed by strong gains in China as signs of progress in trade talks with the United States offset worries about a deteriorating global economic outlook. A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13,... Read More

Oil prices stable on trade hopes, but record U.S. output weighs

WallStreetReview
Oil prices stable on trade hopes, but record U.S. output weighs
SINGAPORE (Reuters) – Oil prices reversed earlier falls on Friday, lifted by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo Despite this, prices remained below 2019 peaks reached... Read More

Apple teams with Ant Financial, banks for interest-free iPhone financing in China

WallStreetReview
Apple teams with Ant Financial, banks for interest-free iPhone financing in China
SHANGHAI (Reuters) – Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales. FILE PHOTO: A new iPhone X is sold at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo... Read More

Asia shares fall as weakening global outlook offsets trade progress

WallStreetReview
Asia shares fall as weakening global outlook offsets trade progress
SHANGHAI (Reuters) – Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai/File Photo After inching higher in early trade, MSCI’s broadest... Read More

Oil prices fall as U.S. crude output hits record 12 million bpd

WallStreetReview
Oil prices fall as U.S. crude output hits record 12 million bpd
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30,... Read More

Oil dips as U.S. crude output hits record 12 million barrels per day

WallStreetReview
Oil dips as U.S. crude output hits record 12 million barrels per day
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June... Read More

Oil prices dip as U.S. crude output hits record 12 million barrels per day

WallStreetReview
Oil prices dip as U.S. crude output hits record 12 million barrels per day
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June... Read More

Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream

WallStreetReview
Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream
HONG KONG (Reuters) – Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned. Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration... Read More