ANZ bank said that oil was being pulled down by a sharp reduction in risk appetite and a “U.S.-dollar and treasuries rally.”
American billionaires — particularly those on Wall Street — have grown richer, faster. The reason: rents.
The rate cut comes at a time when the country's economy is now showing signs that the worst is behind it.
Brent oil prices inched lower on Tuesday after hitting a seven-month high a day earlier.
The European Central Bank, already in the midst of a massive quantitative easing program, kept monetary policy unchanged Thursday.
The Nikkei skidded 1.3 percent, after the dollar sunk to a two-week low against the yen overnight following Japanese Prime Minister Shinzo Abe's decision to delay a sales tax increase.
The limited growth projected for the next few years is threatened by a potential Brexit and other developments, according to the Organization for Economic Cooperation and Development.
If Britain chooses to leave the EU, its GDP by 2030 could be more than 5 percent lower than if it stays in the bloc, the Paris-based group warned.
Noble came under the spotlight last year when it was accused of overstating its assets by billions of dollars, claims that CEO Yusuf Alireza rejected.
The Dutch technology company plans to sell down all its shares in the lighting business in the coming years to focus on its medical equipment division.
Leaders will examine potential risks to the global economy when they gather this week for their summit in western Japan.
The German automaker joins others from the industry, such as General Motors and Toyota, which have invested in app-based ride-hailing services.
Athens was offered debt relief beginning in 2018 if that is necessary to meet agreed criteria on its payments burden.
The insurance company’s planned move is part of a debate over investments in an industry widely lambasted as profiting from an unsafe product.
The ride-hailing company said Tuesday it is launching a matchmaker-type service aimed at pairing startups with venture capitalists.
Eurozone countries are expected to approve the loans, but Athens is unlikely to get debt relief because of the bloc’s differences with the International Monetary Fund.
Global stock markets edged lower while short-dated U.S. Treasury yields held near two-month highs on Monday.
Recent comments from Federal Reserve officials have convinced many analysts and investors that a rate hike in June or July is a real possibility.
Athens hopes the measures will help it unlock funds it needs to pay IMF loans and ECB bonds maturing in July.
The preliminary flash estimate, released on April 29, had pegged growth for the 19-member bloc at 0.6 percent.