US, 2 Others crash oil prices Oil prices fell on Friday as surging output by the world’s three largest producers, United States, Russia and Saudi Arabia, outweighed supply concerns from the start of U.S. sanctions next week against Iran’s petroleum exports. Front-month Brent crude futures were...

Iran’s Supply Deficit Jacks up Oil Prices Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time. U.S. President Donald Trump...

Oil Prices Rise on Iran sanctions US demands that importers stop buying Iranian oil saw prices surge following fears of a global shortage, but a potential trade war with China appears to have steadied the market. Prices for Brent crude futures LCOc1 stands at 76.65 dollars...

Bankruptcy Hits Cambridge Analytica Cambridge Analytica, the firm at the centre of this year’s Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday. Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities...

ZTE Gets Lifeline from Trump, Xi U.S. President Donald Trump has said that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp “a way to get back into business, fast.” “President Xi of China, and I, are working together to...

World Bank’s Share Capital Now $13 billion World Bank shareholders have approved an increase in the bank’s lending capacity after the United States backed a reform package that curbs loans and charges more for higher income countries like China. World Bank President Jim Yong Kim said...