Japanese and Indian officials are working on ways to release national reserves of crude oil in tandem with the United States and other major economies, but the timing of such…
Category: Business
Air Canada agrees to $4.5 mln settlement over delayed U.S. passenger refunds
Air Canada (AC.TO) has agreed to a $4.5 million settlement to resolve a U.S. government investigation into claims thousands of air passenger refunds were delayed, the Transportation Department said. The…
Oil prices settle up 1% on reports OPEC+ could reassess output
Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or…
AmEx terminates some employees for inappropriately pitching certain products
American Express Co (AXP.N) said on Monday it had terminated some employees of its global commercial services division for inappropriately pitching some products, with respect to tax benefits. The company…
Cryptocurrencies post inflows in latest week, led by bitcoin -CoinShares
Cyrptocurrency products and funds posted inflows in the latest week, with investors undeterred by the latest price corrections, weekly data from digital asset manager CoinShares showed on Monday. Institutional investors…
Investment funds buy $18.193 billion 10-year note in November
Large investment managers bought $18.193 billion at a 10-year note auction held in November, compared with the $19.895 billion they purchased the previous month, data from the U.S. Treasury Department…
International energy group sees OPEC+ sticking with output increases
OPEC and its allies are expected to stick with their current plan of gradually increasing output monthly, unless disrupted by unforeseen external factors, said Joseph McMonigle, Secretary General of the…