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Oil prices regain ground as investors eye U.S. election fallout
Oil prices edged up on Thursday following a sell-off triggered by the U.S.
presidential election, as risks to oil supply from a Trump presidency and a
hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and
higher inventories.
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Dollar slips in choppy trading as traders grapple with Fed's giant rate cut
The U.S. dollar slipped in choppy trading on Wednesday as markets grappled with
the supersized 50 basis point interest rate cut, as well as the switch to an
easing monetary policy stance delivered by the Federal Reserve.
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Dollar slips after Fed, Sterling, Aussie, Norwegian crown outperform
The U.S. dollar dropped on Thursday after the Federal Reserve cut its interest
rate by 50 basis points and revised its monetary policy outlook, with sterling,
the Australian dollar and the Norwegian crown outperforming their peers.
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Oil market deficit seen temporarily supporting Brent prices in Q4 - Citi
Brent crude oil prices could be bolstered in the near-term by demand possibly
outstripping supply in the fourth quarter, according to analysts at Citi.
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Google buys carbon removal credits from Brazil startup, joining Microsoft
Alphabet (NASDAQ:GOOGL) unit Google has agreed for the first time ever to
purchase nature-based carbon removal credits from a Brazilian startup, its first
engagement with carbon projects in the South American country.
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US stock index futures soar after Fed cut; FedEx earnings, jobless claims due
U.S. stock index futures surged Thursday in the wake of the Federal Reserve
starting its easing cycle with a substantial half percentage point reduction.
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AlShaya Starbucks franchise stake sale talks on hold, sources say
The sale of a stake in the Middle East, North Africa and central Asia Starbucks
(NASDAQ:SBUX) franchise operated by Kuwait's AlShaya Group is on hold, two
people with knowledge of the process said.
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