Traders book tankers in Europe to ship gasoline across Atlantic after Colonial shutdown

© Reuters. FILE PHOTO: Holding tanks are seen at Colonial Pipeline’s Charlotte Tank Farm in Charlotte, North Carolina, U.S. in an undated photograph. Colonial Pipeline/Handout via REUTERS. By Ahmad Ghaddar and Ron Bousso LONDON (Reuters) -Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that […]

Continue Reading

U.S. government working to help top fuel pipeline operator after cyberattack

2/2 © Reuters. Holding tanks are seen at Colonial Pipeline’s Charlotte Tank Farm in Charlotte, North Carolina, U.S. an undated photograph. Colonial Pipeline/Handout via REUTERS. 2/2 By Laila Kearney (Reuters) -U.S. government officials were working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware cyberattack that […]

Continue Reading

After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech

© Reuters. Huawei logo at Huawei Technologies France in Boulogne-Billancourt By David Kirton SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an […]

Continue Reading

Benin votes for president after week of violent protests

10/10 © Reuters. Britain’s Prince Philip and Prince Charles listen to speeches before the unveiling of a statue of Queen Elizabeth The Queen Mother in Poundbury 2/10 By Allegresse Sasse COTONOU (Reuters) – Benin votes on Sunday in a presidential election following a week of deadly protests against the incumbent Patrice Talon, who is heavily […]

Continue Reading

Gold up 1% on Week after Fencing With U.S. Yields, Dollar

By Barani Krishnan Investing.com – Gold prices slid on Friday but still ended the week up 1% as the yellow metal emerged partially victorious from its fencing duels with U.S. bond yields and the dollar, which were sluggish most of the week from mixed readings on inflation. on New York’s Comex settled down $ 13.60, […]

Continue Reading

Boeing Edges Lower After Flagging Possible Production Issue in Some 737 MAX Jets

© Reuters. By Dhirendra Tripathi Investing.com – Boeing (NYSE:) shares turned negative in Friday’s premarket after the company flagged fresh problems with its troubled 737 MAX airliner. The airplane maker disclosed it had asked 16 customers to address a potential production issue related to an electrical power system in certain variants of the 737 MAX, […]

Continue Reading

Spain cuts 2021 growth forecast to 6.5% after first-quarter contraction

© Reuters. FILE PHOTO: Informal Meeting of Ministers for Economics and Financial Affairs in Berlin By Belén Carreño and Nathan Allen MADRID (Reuters) – Spain’s government slashed its forecast for this year’s economic recovery on Friday to reflect a COVID-induced contraction in the first quarter and expected delays to the arrival of EU rescue funds. […]

Continue Reading

Asia shares set for choppy session after S&P 500 hits record high

© Reuters. FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan By Chibuike Oguh (Reuters) – Asian equities are set for a choppy trading session on Friday after technology stocks lifted the to a new record even as investors weighed an unexpected rise in the number of Americans […]

Continue Reading

AUD/USD slips back to test key near-term levels after early advance falters

AUD/USD trades down by 0.5% to 0.7620 levels currently Invest in yourself. See our forex education hub. Commodity currencies are among the laggards today and the aussie’s decline on the session puts it at the bottom of the pile in the major currencies space. There isn’t much of a clear catalyst with Treasury yields keeping […]

Continue Reading

Asia shares set for sluggish start after Wall Street retreats from record highs

© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Chibuike Oguh (Reuters) – Asia equities are set for a sluggish open on Wednesday after Wall Street pulled back from record highs reached in previous sessions, as investors eye the upcoming earnings […]

Continue Reading