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Saudi-Russia Oil Policy Shift
May.28 -- Oil is heading for its longest run of losses in almost four months as Saudi Arabia and Russia discuss reviving output. That comes as they aim to ease consumer anxiety after prices jumped to levels last seen in 2014. Russian Energy Minister Alexander Novak says no one in OPEC is interested in seeing an overheated market. He spoke to Bloomberg's Annmarie Hordern at the St. Petersburg International Economic Forum.
China Drugmaker’s 65% Rally Just the Start for Bullish Analysts
China's top-performing drugmaker stock may be about to head even higher. At least eight brokers lifted their price targets on CSPC Pharmaceutical Group Ltd. after the company reported a 43 percent surge in first-quarter profit on Friday. The result beat the market's already high expectations, according to Credit Suisse Group AG, which raised its target by 24 percent -- the most bullish among analysts tracked by Bloomberg.
Why the Trump administration is going after auto imports:…
There is no justification for framing the import of autos into the U.S. as a national security threat, says Deborah Elms of the Asian Trade Centre.
Oil sinks while stocks gain on North Korea, euro shaken by Italy
U.S. oil futures sank to six-week lows on Monday on expectations that major producers may raise output, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit. The euro bounced back from a 6-1/2-month low after the Italian president rejected a eurosceptic as a key economy minister.