Oil prices fall as U.S. crude output hits record 12 million bpd

SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle... Read more »

Asian shares tread water as investors watch trade talks

SHANGHAI (Reuters) – Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of... Read more »

Wall St. breaks run of gains as economic data disappoints

NEW YORK (Reuters) – Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish... Read more »

Nike stumbles into social media storm after basketball star’s shoe splits

NEW YORK (Reuters) – A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University... Read more »

Wall Street dragged down by healthcare stocks, weak economic data

(Reuters) – U.S. stocks fell on Thursday, pressured by weak economic data and a drop in healthcare shares led by Johnson & Johnson, with investors keeping a close watch... Read more »

Swedish watchdog calls Swedbank money laundering report ‘very serious’

STOCKHOLM (Reuters) – Sweden’s financial watchdog said allegations in a media report linking Swedbank to a Baltic money laundering scandal, involving Danske Bank were “very serious” as shares in... Read more »

Blown away by innovation or price? Samsung’s foldable phone opens up debate

(Reuters) – Samsung Electronics Co Ltd has wowed the smartphone industry with the first mainstream foldable screen, accompanied by a nearly $2,000 price tag that generated heated debate as... Read more »

StanChart fined $133 million by Britain’s financial watchdog

People walk inside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip/File Photo (Reuters) – Standard Chartered Plc said on Wednesday Britain’s financial... Read more »