Search For Keyword.

Business

Oil dips from highs, but OPEC's cuts still support market

Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. Despite this, markets remained well supported by ongoing supply cuts led by the Organization of...

Saudi Aramco to seek pitches for IPO coordinator roles

Saudi Arabian Oil Co. is asking banks to pitch for roles as coordinators and bookrunners on its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with plans for the world’s biggest share sale. The company sent out the request...

Bitcoin rises above $14,000 on Bitstamp to record high

Bitcoin soared to a record high of $14,047.40 on Thursday, continuing its surge from below $1,000 at the beginning of the year. The cryptocurrency was last up 2.94 percent at $14,030.00 at the Luxembourg-based Bitstamp exchange BTC=BTSP. Reporting by the Tokyo markets team;...

Turkish lira gains on US dollar after Erdogan’s remarks

The lira gained ground against the dollar on Monday after the Turkish president’s remarks on capital movement abroad. The dollar/lira rate, which soared to a historic high of nearly 4 lira last month, fell below 3.90 after Recep Tayyip Erdogan said he had not given any orders to put...