BUSINESS

Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the U.S. summer driving season.

Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world's biggest crude consumer.

Singapore's economy expanded more than initially estimated in the first quarter but annual GDP will likely be in the lower half of the government's forecast range, officials said on Wednesday, citing war in Ukraine and supply chain disruptions.

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A year after the U.S. Federal Aviation Agency (FAA) downgraded Mexico's air safety rating, Mexican airline and government representatives say regaining the coveted Category 1 rating could still be months away.

Leading U.S. environmental group the Sierra Club has warned BlackRock Inc it may pull a $12 million investment after the money manager said it would likely support fewer climate-focused shareholder resolutions at annual company meetings this year.

Several Mexican airlines plan to resume operations at a little-used airport outside Mexico City after a decision to cap flights out of the capital's crowded main airport following a series of safety incidents.

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Argentina to ease exchange control for oil and gas companies

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Petrobras shares fall after Bolsonaro fires its boss

Demand for the Federal Reserve's reverse repurchase (RRP) facility has surged in the last few weeks, as the U.S.

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"Significant issues remain" in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S.

The United States will not extend a key waiver set to expire on Wednesday that allows Russia to pay U.S.

Shares of Brazil's state-run oil company Petrobras plunged on Tuesday after the government ousted its chief executive for the second time in two months and signaled plans to alter the company's market-based fuel pricing policy.

India's Andhra Pradesh has signed renewables investment pacts worth a total of around $16 billion with three companies including India's Adani and an affiliate of Singapore's GIC sovereign wealth fund, two state government officials said.

The U.S. Federal Reserve may be forced to rethink its hawkish stance as it hikes interest rates in the face of a slowing economy and deteriorating market fundamentals, Guggenheim Partners' Global Chief Investment Officer Scott Minerd said on Tuesday.

A U.S. appeals court on Tuesday said the Securities and Exchange Commission can proceed with its overhaul of the way essential stock market data is collected and disseminated, striking a blow to exchanges that earn revenue from the data and had opposed the plan.

Stellantis NV and Samsung SDI said on Tuesday they will invest more than $2.5 billion to build a new joint venture battery plant in Kokomo, Indiana, as the Chrysler-parent ramps up electric vehicle production plans.

Walmart will expand its drone delivery to 4 million households in 2022 using the DroneUp service to reach customers faster.

Hyundai Motor America will recall 281,000 vehicles in North America over seat-belt pretensioners that could explode and project metal fragments, causing injuries.

Hyundai Motor America will recall 281,000 vehicles in North America over seat-belt pretensioners that could explode and project metal fragments, causing injuries.

Leading international banks exposed to Russia booked more than 11 billion euros ($12 billion) in provisions in the first quarter to brace for potential losses.

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US new home sales fall sharply in April amid rising prices

Saudi Arabia's policy on fiscal sustainability would ensure that reserves do not fall below a certain percentage level of the country's gross domestic product, its finance minister said.

Saudi Arabia's policy on fiscal sustainability would ensure that reserves do not fall below a certain percentage level of the country's gross domestic product, its finance minister said.