Category: Business

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 a release remains unclear, seven government sources with knowledge of the plans said. Such an announcement could come as early as Tuesday, according to a […]

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 proposed settlement, which still must be approved by an administrative law judge, would resolve the U.S. Transportation Department investigation into what it said were “extreme […]

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 if the coronavirus pandemic dampens demand. Brent crude futures rose 81 cents, or 1%, to settle at $79.70 a barrel. WTI crude futures rose 81 […]

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 said the issue primarily involved Premium Wire, which enables businesses to send wire payments globally, and that it had hired a law firm to investigate […]

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 poured in $154 million in the crypto sector in the week ended Nov. 19, with a year-to-date total of $9.2 billion, already exceeding total inflows […]

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 released on Monday showed. Overseas investors, another major group of holders of U.S. government debt, bought $14.134 billion of the latest 10-year supply, compared with […]

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 Riyadh-based International Energy Forum (IEF). OPEC+, as the wider group is called, has said it intends to stick to plans for a gradual increase in […]