Hurricane-related shut-ins curb 82% of oil, 59% of natural gas output in U.S. Gulf of Mexico, regulator says

Hurricane-related shut-ins curb 82% of oil, 59% of natural gas output in U.S. Gulf of Mexico, regulator says

U.S. energy companies on Saturday continued to restaff offshore oil and gas production facilities in the U.S. Gulf of Mexico, according to data released by the U.S. Department of Interior.
August 29, 2020 at 03:03 pm EDT
Crude oil or cooking oil? For some U.S. refiners, it's now a choice

Crude oil or cooking oil? For some U.S. refiners, it's now a choice

Refiners have always produced fuel using crude oil. Now some are using grease.
August 27, 2020 at 07:29 am EDT
Tech stocks defy downbeat data as dollar, global equities retreat

Tech stocks defy downbeat data as dollar, global equities retreat

The dollar eased and global equity markets fell on Thursday, even as the tech-heavy NASDAQ index touched a record high and looked past the growing signs of prolonged economic weakness. Gold also rose...
August 20, 2020 at 02:44 pm EDT
Gold accelerates higher on fragile economic recovery hopes

Gold accelerates higher on fragile economic recovery hopes

Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging virus cases continue to pummel the U.S. economy.
August 06, 2020 at 03:13 pm EDT
Gold strides further above $2,000/oz, dollar weakens

Gold strides further above $2,000/oz, dollar weakens

Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on...
August 05, 2020 at 02:28 pm EDT
Canada's Barrick Gold considers switching primary stock listing to NYSE:  WSJ

Canada's Barrick Gold considers switching primary stock listing to NYSE: WSJ

Canadian gold miner Barrick Gold Corp is weighing moving its main listing from Toronto to New York, the company's chief executive said, a step that would weaken its traditional links to Canada,...
August 05, 2020 at 01:12 pm EDT
Gold charges toward $2,000, stocks climb on stimulus hopes

Gold charges toward $2,000, stocks climb on stimulus hopes

Gold surged to a record high on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy and a broad swath of Wall Street edged up...
August 04, 2020 at 11:17 am EDT
China says to penalise Luckin Coffee for accounting fraud

China says to penalise Luckin Coffee for accounting fraud

Chinese regulators said they would penalise Luckin Coffee after confirming accounting fraud that has already forced the company to delist from the U.S. Nasdaq exchange.
July 31, 2020 at 06:24 am EDT
Equities dip, safe havens rise as U.S. stimulus talks stall

Equities dip, safe havens rise as U.S. stimulus talks stall

An impasse in U.S. economic stimulus negotiations and mixed corporate earnings reports in Europe pushed global equities lower and sent investors into safe-haven assets like government bonds and gold,...
July 28, 2020 at 02:07 pm EDT
Gold eyes $2,000 mark in speedy record-breaking run

Gold eyes $2,000 mark in speedy record-breaking run

Gold's record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19's global economic toll, as reflected in dollar weakness,...
July 27, 2020 at 12:58 pm EDT
Shares retreat globally on U.S.-China tensions, gold soars

Shares retreat globally on U.S.-China tensions, gold soars

Shares worldwide skidded further on Friday as a pickup in U.S. and European business activity did little to ease jitters about rising U.S.-China tensions, while gold broke above $1,900 an ounce on its...
July 24, 2020 at 04:24 pm EDT
Fear factor:  Investors rush into gold and other havens as stocks near highs

Fear factor: Investors rush into gold and other havens as stocks near highs

Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent...
July 22, 2020 at 11:16 am EDT
Alibaba Health Information Technology :  Want to make profits from coffee in China? It's actually a grind

Alibaba Health Information Technology : Want to make profits from coffee in China? It's actually a grind

Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still be in business.
July 21, 2020 at 08:24 pm EDT
Luckin Coffee ousts chairman Lu, names Guo as CEO

Luckin Coffee ousts chairman Lu, names Guo as CEO

Luckin Coffee Inc has ousted co-founder and chairman Charles Zhengyao Lu and replaced him with Jinyi Guo, who will also be the chief executive officer, the embattled coffee chain disclosed on Monday.
July 13, 2020 at 03:28 pm EDT
Luckin Coffee chairman ousted by shareholders:  Bloomberg, citing report

Luckin Coffee chairman ousted by shareholders: Bloomberg, citing report

Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News...
July 05, 2020 at 11:48 am EDT
Luckin Coffee's Lu holds on to chairman role

Luckin Coffee's Lu holds on to chairman role

Luckin Coffee Inc said on Thursday co-founder Charles Zhengyao Lu will stay on as chairman of the embattled coffee chain after a proposal to oust him, stemming from an internal fraud investigation,...
July 02, 2020 at 02:46 pm EDT
coffee :  Luckin Coffee winds up internal probe ahead of vote on chairman removal

Coffee : Luckin Coffee winds up internal probe ahead of vote on chairman removal

Luckin Coffee Inc said on Wednesday it was winding up an internal probe on fake annual sales of about $300 million as it prepares to vote on a proposal to remove Founder-Chairman Charles Zhengyao Lu...
July 01, 2020 at 08:29 am EDT
Daily price chart °4948

BRENT CRUDE OIL SPOT : Oil: The Holy Grail of rebalancing at your fingertips?

What a twist. Two months after crossing the absolute zero line, US crude oil is trading at $41, up more than 90% since May 1st. The trajectory is similar for the European benchmark, which is trading...
Our Logo June 23, 2020 at 09:29 am EDT
Prepping portfolios for next market storm? Not just gold and govvies

Prepping portfolios for next market storm? Not just gold and govvies

By Saikat Chatterjee and Dhara Ranasinghe G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets to...
June 09, 2020 at 05:57 am EDT
New York Cotton :  U.S. senator Cotton cautions Britain over Huawei cooperation

New York Cotton : U.S. senator Cotton cautions Britain over Huawei cooperation

U.S. Republican Senator Tom Cotton cautioned Britain on Wednesday that a decision to allow China's Huawei a role in 5G networks could hurt military cooperation and be an issue in trade talks. ...
June 03, 2020 at 04:31 am EDT