[ad_1] NEW YORK (Reuters) – Oil fell more than 1.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico
Wall Street opens lower as Netflix plunges
[ad_1] Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened lower on Thursday as shares of streaming pioneer
Morgan Stanley profit beats on wealth management gains, lower expenses
[ad_1] (Reuters) – Morgan Stanley (MS.N) reported a drop in quarterly profit but beat analysts’ expectations on gains in its wealth-management business and lower expenses. FILE PHOTO: A sign is displayed on the Morgan Stanley
Oil rises after Iran says it seized foreign tanker in Gulf
[ad_1] LONDON (Reuters) – Oil prices rose about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid rising tensions between Tehran and the West over the safety
Singapore fuel inventories hit eight-month low ahead of IMO fuel switch
[ad_1] SINGAPORE (Reuters) – Oil product inventories in the Singapore storage and trading hub fell to an eight-month low in the week ended July 17, official data showed, in one of the latest signs that
Pakistan price squeeze hits middle class as well as poor
[ad_1] ISLAMABAD (Reuters) – Prime Minister Imran Khan’s government faces mounting pressure as rising prices and tough austerity policies under Pakistan’s latest bailout from the International Monetary Fund are squeezing the middle class that helped
Truckmaker Volvo lifts market view, picks Samsung for batteries
[ad_1] STOCKHOLM (Reuters) – Sweden’s AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates. FILE PHOTO: People visit
Netflix to roll out cheaper mobile-only plan for India
[ad_1] (Reuters) – Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company
Global Markets: Stocks wobble on trade, earnings anxiety; US Treasury yields fall
[ad_1] TOKYO (Reuters) – Asian share markets faltered on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S.
Does renewables pioneer Germany risk running out of power?
[ad_1] FRANKFURT (Reuters) – Germany, a poster child for responsible energy, is renouncing nuclear and coal. The problem is, say many power producers and grid operators, it may struggle to keep the lights on. FILE