[ad_1] LONDON (Reuters) – Oil prices hovered around six-month highs on Wednesday after data showing rising U.S. stocks countered fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.
Gold slips towards 4-month low as robust dollar dents appeal
[ad_1] (Reuters) – Gold prices fell on Wednesday to hover around a four-month low touched in the previous session, as the dollar gained after strong U.S. housing data dampened concerns about an economic slowdown in
Sensex, Nifty end higher on heavyweight boost in late trade
[ad_1] The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai, India, August 24, 2015. REUTERS/Danish Siddiqui/File Photo (Reuters) – Indian shares posted sharp gains in the last hour of
Undeterred by Khashoggi murder, global executives return to Saudi Arabia
[ad_1] RIYADH (Reuters) – Global finance chiefs who boycotted a Saudi investment summit last year following the murder of journalist Jamal Khashoggi returned to Riyadh this week as the Gulf kingdom gets business back on
SAP vows to sharpen game as Elliott reveals 1.2 billion euro stake
[ad_1] FRANKFURT (Reuters) – U.S. activist investor Elliott revealed a 1.2 billion euro ($1.3 billion) stake in SAP and said it supported a new management efficiency drive, sending shares in the German business software maker
Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low
[ad_1] TOKYO (Reuters) – Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States, just as it adjusts to life without Carlos Ghosn
Truckmaker Volvo profit tops forecast as supply chain squeeze eases
[ad_1] STOCKHOLM (Reuters) – Truckmaker Volvo beat first-quarter operating profit forecasts on Wednesday as it sold more higher priced vehicles and margins benefited from an easing of supply chain pressures. The logo of Swedish automobile
Novartis boosts 2019 outlook on rising Cosentyx, Entresto sales
[ad_1] FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – Swiss drugmaker Novartis on Wednesday
Asian shares fall despite strong Wall Street; dollar near 22-month high
[ad_1] SHANGHAI (Reuters) – Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy shows signs of regaining its
South Korean steelmaker POSCO warns of rising costs after first-quarter profit drop
[ad_1] The logo of POSCO is seen at the company’s headquarters in Seoul, South Korea, July 20, 2016. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – South Korean steelmaker POSCO on Wednesday said its first-quarter operating profit