Oil Falls as Traders Weigh Ukraine Deal, Venezuela
Oil fell as traders weighed progress on a deal to end Russia’s war in Ukraine, a possibly bearish development for an oil market staring down a glut.
Oil fell as traders weighed progress on a deal to end Russia’s war in Ukraine, a possibly bearish development for an oil market staring down a glut.
Newly-inaugurated New York City Mayor Zohran Mamdani’s housing agenda is facing its first test as the city balks at the bankruptcy sale of thousands of rent-stabilized apartments owned by Pinnacle Group, where residents have railed against living conditions.
A group of banks has kicked off a roughly $7 billion leveraged loan sale to help fund the buyout of medical-device maker Hologic Inc., one of the biggest acquisition financings expected to hit the market in the coming months for junk-rated borrowers.
KBC Securities and Van Lanschot Kempen Investment Banking agreed to combine their equities businesses into an equal joint venture as they seek to broaden stock coverage and increase heft in their markets.
Oracle Corp. will likely maintain its investment-grade bond rating in the near term despite borrowing tens of billions of dollars to expand its artificial-intelligence push, according to UBS Group AG.
Bank of Nova Scotia’s international business could benefit from a rightward political shift in Latin America alongside rising US influence in the region, Chief Executive Officer Scott Thomson said.
A record-sized block trade was placed in the fed funds futures market Tuesday, just days ahead of a key set of US labor data that could shape US interest-rate expectations.
US stocks climbed for a third straight day on Tuesday, led by advances in materials, industrials and financials as a market rotation into laggards gathered pace and catapulted the benchmark toward a fresh all-time high.
Makers of cooling systems saw their stocks plunge on Tuesday after comments by Nvidia Corp.’s chief executive raised fears about demand for their products from data centers.
Venezuelan oil production is at risk of severe decline within weeks as storage tanks approach full capacity and many ships steer clear of Caribbean waters to avoid a US naval blockade, according to maritime intelligence firm Kpler Ltd.