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The S&P 500 and the Nasdaq bounced on Wednesday after a five-day selloff, but inflation and rate hike worries capped the gains after a higher-than-expected rise in September producer prices.The La
Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue…
Wild swings in asset prices following Russia’s invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities in recent weeks could hit other markets. At issue is liquidity – or the ease at which investors can buy or sell an asset without affecting ...
Libya’s National Oil Corporation (NOC) on Tuesday lifted force majeure on Sharara oilfield and resumed production there, NOC said in a statement. Two engineers at Libya’s main Sharara field said operations had paused on March 3 after a pipeline valve was shut. Source: Reuters Reporting by Yomna Ehab; Writing by Enas Alashray; Editing by Tom ...
Australia’s Fortescue Metals, the world’s fourth-largest iron ore miner, on Wednesday said first-half profit tumbled a third on higher material and labour costs and lowered its interim dividend, sending its shares more than 4% lower. Fortescue said costs for the half jumped by a fifth. Australian miners have been burdened by a shortage of workers ...