Lower Oil Revenues
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Oil Edges Higher But Is on Track for Weekly Loss
Crude futures inched higher as traders assessed the geopolitical and macroeconomic backdrop after a bearish week for oil, while focus turned to U.S. jobs data for insight on the interest-rate outlook.The Wall Street Journal - World -
Dollar Could Fall Further if U.S. Jobs Data Is Weak
ING said weaker U.S. jobs data could cause the dollar to extend falls, after it hit a three-week low against a basket of currencies.The Wall Street Journal - World -
US regulator’s Opec collusion claim sets off tremor in oil patch
CEOs weighing mergers may think twice after FTC bars industry veteran from Exxon’s boardFinancial Times - Business -
How Belgium’s Socialists want to plug the EU’s spending gaps
Also in this newsletter: why immigration is reopening old Brexit wounds in IrelandFinancial Times - World -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World -
Apple's revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone rivals in China.
Apple’s revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone rivals in China.The Wall Street Journal - World -
Cost of Birmingham council equal-pay claim probably far lower than £760mn
City councillors say inflated ‘worst-case’ estimate has been used to justify major cuts and asset sales in local authorityFinancial Times - World -
Oil prices head for steepest weekly drop in three months; markets brace for US jobs report – business live
Rolling coverage of the latest economic and financial news. Rail ticket platform Trainline are the top riser on the FTSE 250 after doubling its operating profits in the last year.. Trainline reported that its operating profits rose by 101% in the ...The Guardian - World -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.The Wall Street Journal - World -
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.The Wall Street Journal - World