OTTAWA (Reuters) – Producer prices in Canada gained 0.4% in June from May, primarily on higher prices for energy and petroleum products, Statistics Canada said on Friday in a preliminary flash estimate. Energy and petroleum prices jumped 11.7%, the agency said... More »
NEW YORK (Reuters) – Global benchmark oil prices traded as much as $3 a barrel lower as the market opened for Monday’s trading session, reflecting fears of oversupply after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut p... More »
CARACAS (Reuters) – A price war between world oil producers has slashed Venezuela’s revenue for its top export and exacerbated the country’s financial crisis as it also faces the coronavirus pandemic, U.S. sanctions and sliding crude output. More than 90% of V... More »
BOSTON (Reuters) – A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S. regulatory filing. BNY Mellon said it provided cap... More »
LONDON (Reuters) – Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to competition and fe... More »
(Reuters) – U.S. Food and Drug Administration chief Scott Gottlieb on Thursday questioned whether rebates that drugmakers provide to health insurers should remain protected by federal law, sparking new concerns on Wall Street over efforts to curb drug pricing.... More »
SINGAPORE (Reuters) – Top oil exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai crude, trade sources said on Monday. The official selling price (OSP) for fl... More »
Oil prices are unlikely to rise much beyond this month's two-year highs this year, as concern among analysts persists that growing U.S. shale output will hamper the rebalancing between global crude supply and demand, a Reuters poll showed. More »
Whole Foods shoppers may be premature in cheering Amazon.com's (AMZN.O) steep price cuts on staples like bananas, avocados and beef, according to one analysis released on Tuesday that suggested the premium grocery chain has not yet shed its "Whole Paycheck" re... More »
Hikma Pharmaceuticals Plc's U.S. subsidiary has raised the price of a common diarrhea drug by more than 400 percent and is charging more for five other medicines as well, the Financial Times reported on Sunday. More »
A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader OPEC will have to extend its oil output curbs in order to sust... More »
FILE PHOTO – A sign is seen outside the E*Trade offices can be seen in New York November 12, 2007. REUTERS/Lucas Jackson Discount brokerage E*Trade does not plan to follow its competitor Charles Schwab’s price cuts, the online trading platform’s chief financia... More »
U.S. Democratic presidential nominee Hillary Clinton listens as U.S. Senator Bernie Sanders speaks about college affordability during a campaign event at the University of New Hampshire in Durham, New Hampshire, United States September 28, 2016. REUTERS/Brian ... More »
SINGAPORE Iran has set its June official selling prices (OSPs) for heavier crude grades it sells to Asia at the biggest discounts to Saudi and Iraqi oil since 2007-2008, raising the stakes in its fight to regain market share. This is third time Iran has change... More »
BAGHDAD Iraq’s Oil Minister Adel Abdul Mahdi has expressed hope that oil prices will rebound in 2016 on improved global economic growth, according to an interview with Assabah newspaper published on Monday.”There is big hope that, in the first half or by the e... More »
BEIJING Growth in Chinese new home prices quickened in October from a year ago, two private surveys showed, adding to signs of stabilization in the housing market after a raft of government support measures. Prices of new homes in 288 cities rose an average 1.... More »
BNY Mellon Corp’s (BK.N) computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc. On Thursday, for example, 1,30... More »
