January 15, 2020

Oil falls on U.S. gasoline, distillate stock builds, record crude output

Oil prices on Wednesday fell about 1% to their lowest in over a month, after a U.S. report showed big increases in gasoline and distillates inventories […]
January 15, 2020

OPEC expects lower demand for its oil as U.S. hits new milestone

OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and […]
January 15, 2020

Bank of America beats on bond trading boost, loan growth

Bank of America Corp beat analysts’ estimates for quarterly profit on Wednesday, as a boost from bond trading and growth in its loan book helped the […]
January 15, 2020

U.S., China set to sign massive purchases deal, easing trade war

The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign […]
January 15, 2020

BlackRock posts 40% jump in quarterly profit

BlackRock Inc , the world’s largest asset manager, reported a 40.3% rise in fourth-quarter profit on Wednesday, as more money rolled into its low-risk exchange-traded funds […]
January 15, 2020

Record high stocks pause to gauge China-U.S. trade outlook, company earnings

World stocks eased off record highs on Wednesday and U.S. and German bond yields slipped, as euphoria over a U.S.-China trade deal was tempered by U.S. […]
January 15, 2020

U.S. judge hears closing arguments in T-Mobile-Sprint merger trial

U.S. wireless carriers T-Mobile US Inc and Sprint Corp are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion […]
January 15, 2020

As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion

The talk’s all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer […]
January 15, 2020

Factbox: Abu Dhabi’s ADNOC attracts billions from foreign investors

Over the past three years, Abu Dhabi National Oil Company (ADNOC) has expanded its oil and gas business and quietly raised more than $19 billion in […]
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