OPEC’s rejuvenated bid to tame crude prices could soon exhaust the world’s spare capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely-watched report comes shortly after crude had its biggest one-day drop in two years, amid heightened U.S.-China trade tensions and persistent global crude supply problems. “The […]
Read moreEuropean stocks are set to open higher Thursday morning, as markets consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-Sino trade war soured investor sentiment. The FTSE 100 is seen 25 points higher at 7,615; the CAC is expected to open up around 10 points at 5,371 while […]
Read moreThe commodities sector has been hit by escalating trade tensions between Washington and Beijing, but coal is bucking that trend as China’s demand for the fossil fuel remains high. Benchmark Australian thermal coal prices have risen 40 percent this year so far, breaking through $120 per metric ton for the first time since 2012. “We […]
Read moreA major element of China’s continent-spanning Belt and Road Initiative has nothing to do with roads, ports or power plants. Rather, the “Digital Silk Road” aims to construct communications networks across the developing world. Many fear Beijing could use those tools for electronic surveillance. The world’s second-largest economy wants to build cables, mobile structures and […]
Read moreMobile phone maker Xiaomi’s disappointing initial public offering has cast a cloud over potential new listings by Chinese companies in Hong Kong. The intensifying trade conflict between Beijing and Washington is only further deflating sentiment. Xiaomi shares closed lower Monday in Hong Kong on its first day of trading after the world’s fourth-largest mobile phone […]
Read moreMillions of people have sleep apnea, a potentially serious sleep disorder in which breathing repeatedly stops and starts. But most of them go undiagnosed. Those missed diagnoses cost an estimated $150 billion a year in the United States alone from things such as lost productivity and car accidents, according to the American Academy of Sleep […]
Read moreAsian stocks traded mostly higher on Thursday, with markets shaking off some of the trade jitters seen overnight after the Trump administration announced a list of Chinese goods that may be subject to new tariffs. The Nikkei 225 rose 0.77 percent in Tokyo morning trade, recouping some of its declines from the previous session. The […]
Read moreCNBC’s Jim Cramer might not be a foreign policy expert, but that didn’t keep him from analyzing how President Donald Trump’s comments to NATO representatives could affect stocks. On Wednesday, the president said at a press conference that Germany was “totally controlled” by Russia, criticizing Germany for doing deals with Russian energy producers. He later […]
Read moreFacebook granted a Russian company with ties to the Kremlin a data collection extension, CNN reported Tuesday. The social media company told CNN that the extension allowed Mail.Ru Group to gather friend data from Facebook users past the cut-off date. According to CNN, Facebook said Mail.Ru developed “hundreds of Facebook apps,” only two of which […]
Read moreMartin Tripp, the Tesla technician who CEO Elon Musk accused of sabotage, has filed a formal whistleblower complaint about the electric vehicle maker and hired a prominent New York law firm to represent him. In his complaint with the Securities and Exchange Commission, Tripp alleges that Tesla has made several “material omissions and misstatements” to […]
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