US crude stockpiles post surprise build as imports jump, EIA says
By Stephanie Kelly NEW YORK (Reuters) -U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline…
Category: Business
Barrick Gold said to seek buyers for its last mine in Canada, Bloomberg News reports
(Reuters) -Canada’s Barrick Gold is looking to sell its last mine in the country in a push to capitalize on…
Tesla shorts up $11.5 billion for the year with positioning bearish
(Reuters) -Tesla short sellers are up an estimated $11.5 billion for the year-to-date and positioning is bearish going into the…
Elliott wants BP to boost free cash flow to $20 billion by 2027, source says
By Shadia Nasralla (Reuters) -Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion…
Baker Tilly and Moss Adams set to merge in $7 billion deal, WSJ reports
(Reuters) – Accounting firms Baker Tilly and Moss Adams have agreed to merge in a $7 billion deal, making it…
Toyota, Daimler near merger of truck units, Nikkei Asia reports
(Reuters) -Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany’s Daimler Truck, are moving…
US bank regulator lays out plans for 20% staff reduction, emails says
By Pete Schroeder WASHINGTON (Reuters) -A top U.S. bank regulator told staff on Monday that it plans to cut its…
Factbox-Citi raises three-month gold price target to $3,500 per ounce
(Reuters) – Citi Research raised its gold price target for the next three months to $3,500 per ounce from $3,200,…
Bankers get creative to sign M&A deals in Trump’s trade war
By Milana Vinn, Amy-Jo Crowley and Abigail Summerville (Reuters) – After U.S. President Donald Trump’s tariffs sent global markets sideways,…
Ford halts shipments of vehicles to China amid tariffs, WSJ reports
(Reuters) -Ford Motor has halted shipments of its SUVs, pick-up trucks and sports cars to China in the wake of…