BRUSSELS: European Union countries are struggling to agree oil sanctions against Russia over its invasion of Ukraine, nearly four weeks after the European Commission proposed them. Why is it proving so difficult? Read full story
In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and sold well over the asking price. Now, home-buyers have become hard to find. “You’re not getting the bidding wars anymore,” said Tim Keung Read full story
Roman Abramovich (pic) has completed the sale of Chelsea and related companies to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday. Read full story
MORE than 25 years ago, while still a student, Adrian Yu started dabbling in the personal computer (PC) reselling business. Read full story
WE are seeing global central banks shifting away from an ultra-low interest rate environment, especially in advanced economies, including the Federal Reserve (Fed), Bank of England (BoE), and European Central Bank (ECB). Read full story
NEW YORK: Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Read full story
NEW YORK: Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark U.S. Treasuries fell after data showed that U.S. consumer spending rose in April and the uptick in inflation slowed, two signs the world’s largest economy could be on track to grow this quarter. Read full story
HOUSTON: Oil prices rose on Friday, closing out the week with gains ahead of the U.S. Memorial Day holiday weekend, the start of peak U.S. demand season, and as European nations negotiate over whether to impose an outright ban on Russian crude oil. Read full story
LONDON: The FTSE 100 inched higher on Friday, recording its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government’s windfall tax plan this week. Read full story
JAKARTA: Indonesia will allocate about 1 million tonnes of palm oil for export, prioritising companies that have been registered for the government’s bulk cooking oil programme, a senior trade ministry official said on Friday. Read full story
NEW YORK: Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday. Read full story
Once a poor “skinny kid” from Malaysia, Hock Tan was going head-to-head with a legendary U.S. technology mogul for a transformative acquisition. Read full story