Oil edges further above $63 on Mideast tensions

Oil edges further above $63 on Mideast tensions
LONDON (Reuters) – Oil edged further above $63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran’s seizure of a British tanker last week, although signs of faltering demand capped gains. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer/File Photo Iran’s... Read More

LG Display says to diversify suppliers due to South Korea-Japan spat

LG Display says to diversify suppliers due to South Korea-Japan spat
SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) said it is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry. FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo... Read More

ECB, Fed rate cut hopes lift global stocks, sterling sags

ECB, Fed rate cut hopes lift global stocks, sterling sags
TOKYO (Reuters) – Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October... Read More

Warren Buffett’s charity lunch with cryptocurrency entrepreneur postponed

Warren Buffett’s charity lunch with cryptocurrency entrepreneur postponed
FILE PHOTO: Warren Buffett, Chairman, CEO and largest shareholder of Berkshire Hathaway takes part in interviews before a fundraising luncheon for the nonprofit Glide Foundation in New York September 8, 2015. REUTERS/Lucas Jackson/File Photo HONG KONG (Reuters) – Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet... Read More

Power traders tackle renewables puzzle in Danish ‘Silicon Valley’

Power traders tackle renewables puzzle in Danish ‘Silicon Valley’
AARHUS, Denmark (Reuters) – Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks. FILE PHOTO: View of Aboulevarden in the centre of the city of Aarhus, Denmark July 10, 2019.... Read More

Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook

Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook
SINGAPORE (Reuters) – Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied. FILE PHOTO: Pumpjacks are seen against the setting... Read More

Oil inches up amid Middle East tensions; frail demand outlook caps gains

Oil inches up amid Middle East tensions; frail demand outlook caps gains
SINGAPORE (Reuters) – Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied. FILE PHOTO: Pumpjacks are seen against the setting... Read More

Hopes of ECB, Fed rate cuts boost global stocks, British pound sags

Hopes of ECB, Fed rate cuts boost global stocks, British pound sags
TOKYO (Reuters) – Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October... Read More