Wall Street’s heavy hitters are back in Saudi Arabia but the terms of engagement have changed.
Sterling pares losses after PM calls for election; stocks inch up
The pound was weaker but pared losses against the dollar on Thursday in the wake of British Prime Minister Boris Johnson’s call for a Dec. 12 election to break the country’s deadlock over its planned exit from the European Union, while global stock markets edged up.
Oil extends gains despite weak demand outlook
Oil prices extended their gains on Thursday, with Brent rising above $61 a barrel as a surprise drop in U.S. crude inventories and the prospect of further market-supporting action by OPEC and its allies offset some concern over the outlook for demand.
Zuckerberg reassures U.S. Congress on Facebook’s digital currency plans
Facebook Inc CEO Mark Zuckerberg sought to reassure sceptical U.S. lawmakers on Wednesday that the company’s planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system.
Should I Refinance My Mortgage?
Mortgage rates dropped below 4% within the last few months. Does that mean it’s time for you to refinance and lock in a lower rate? Homeowners refinance for all sorts of reasons: to lower their monthly payments, to change the amount of time they have to repay their loan, to get some of their equity […]
Air taxi startup Lilium expands production as prototype exceeds 100 km/h
Berlin, Reuters – A prototype flying taxi has achieved speeds in excess of 100 km/h (62 mph), its German developer Lilium said on Tuesday, giving it confidence to expand production capacity ahead of a planned commercial launch in 2025.
Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial
Four large drug companies reached a last-minute $260 million (£200 million) legal settlement over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.
Shun Malaysia, India’s palm oil buyers told amid Kashmir standoff
India’s top vegetable oil trade body on Monday asked its members to stop buying palm oil from Malaysia, an unprecedented call aimed at helping New Delhi punish the country for criticising India over its policy towards Kashmir.
Trump hopes U.S.-China trade deal will be signed by middle of November
U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
China says will work with the U.S. to address each other’s core concerns
Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other’s core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world.