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Venezeula's PDVSA debt to Russia's Rosneft shrinks to $0.8 billion

Venezeula’s PDVSA debt to Russia’s Rosneft shrinks to $0.8 billion

Russia’s largest oil producer Rosneft said on Wednesday that Venezuelan state-owned oil company PDVSA had cut its outstanding debt to the company to $800 million by the end of...
Shares shuffle higher, dollar lays low ahead of U.S. jobs data

Shares shuffle higher, dollar lays low ahead of U.S. jobs data

World shares were eyeing two-year highs and a fourth straight week of gains on Friday as the third U.S. interest rate cut of the year and a surprise...
Sterling holds steady below $1.30 ahead of Brexit Party announcement

Sterling holds steady below $1.30 ahead of Brexit Party announcement

Sterling held just below $1.30 on Friday ahead of Nigel Farage’s Brexit Party press conference where local media said he was expected to put forward fewer candidates for...
Rain, early snows delay U.S. harvest in latest blow to farmers

Rain, early snows delay U.S. harvest in latest blow to farmers

Excessive rains and an October snowstorm have stalled the harvest in the U.S. grain belt’s northern tier, one more blow to farmers already struggling with the effects of...
Oil prices dip as U.S. crude stocks and weak Chinese data weigh

Oil prices dip as U.S. crude stocks and weak Chinese data weigh

Oil prices came under pressure on Thursday from rising U.S. crude oil stocks and weak factory activity in China, with few bullish factors on the horizon.
Dollar drops after Fed rate cut, European data beat forecasts

Dollar drops after Fed rate cut, European data beat forecasts

The dollar fell to a 10-day low against a basket of major currencies on Thursday as investors evaluated whether the Federal Reserve would continue to cut rates, and...
Dollar steady as markets hunker down for Fed rate cut

Dollar steady as markets hunker down for Fed rate cut

The dollar was largely steady against other major currencies on Wednesday as investors braced for a rate cut by the U.S. Federal Reserve and an advance reading of economic...
Saudi Arabia plans to launch carbon trading scheme

Saudi Arabia plans to launch carbon trading scheme

Saudi Arabia plans to launch a carbon trading scheme as the G20 member aims to diversify its energy supplies and reduce carbon emissions, the energy minister of the world’s...
Stocks’ Return to Records Led by the Usual Suspects: Large Tech

Stocks’ Return to Records Led by the Usual Suspects: Large Tech

Stocks rose broadly Monday, but it is a handful of big technology shares that have led the S&P 500 to its latest record. Apple Inc., whose shares have...
Saudi Aramco to start IPO subscription on Dec. 4: Arabiya

Saudi Aramco to start IPO subscription on Dec. 4: Arabiya

Saudi Aramco will start subscription for investors in its initial public offering on Dec. 4, Saudi-owned news channel Al-Arabiya said in a news flash on Tuesday citing sources.