Antipinsky refinery files for bankruptcy

Russia’s Antipinsky oil refinery said on Monday it had filed for bankruptcy, weeks after a London court ordered its assets be frozen in response to a lawsuit from a trading house. The refinery, which has a capacity of 9 million tonnes per year, had halted operations on several occasions in recent months because of a […]

Antipinsky refinery says filed for bankruptcy on May 18

Russia’s Antipinsky oil refinery said on Monday it had filed for bankruptcy at a court in the Russian city in Tyumen on May 18. Earlier in May, a London court issued a worldwide order to freeze 225 million euros ($251.06 million) in assets belonging to the refinery. ($1 = 0.8962 euros)

What’s the main driver for the stock market: trade, earnings or the Fed?

U.S. stocks on Friday wrapped up a Byzantine journey into negative territory, a period that began with the worst day for stocks since January, yet featured sessions marked by uncanny intraday swings that helped equities to limit losses for the week. Last week’s performance is perhaps a taste of what’s ahead, analysts and investors told […]

Bitcoin’s tumble ‘has caused a lot of technical damage’

A surge in bitcoin prices that took it well above $8,000 appears to be coming to a halt, wotj the world’s No.1 crypto asset running into sudden and sharp selling pressure within the past 24 hours. Bitcoin BTCUSD, +9.83% hit an intraday low of $6,688.78 at 11 p.m. Eastern Time on Thursday, plunging from a […]

A Small-Cap ETF For Globe-Trotting Investors

While some market participants may be doubting the efficacy of investing in stocks outside the U.S., some investors may want to consider contrarian viewpoints and visit some ex-U.S. developed markets. For small-cap investors, the Schwab International Small-Cap Equity ETF SCHC, -0.47% is a sensible way of adding some international diversity to portfolios. The Schwab International […]

Oil flows on Atyrau-Samara pipeline continue, Kazakh official says

Oil loadings on a key export pipeline between Kazakhstan and Russia continue despite disruptions to flows via Russia from contaminated oil, Kazakhstan’s deputy energy minister Magzum Mirzagaliyev said. Russia’s oil export flows have been disrupted since April, when high levels of organic chloride were found in crude pumped via the Druzhba pipeline to the Baltic […]

Duignan Sees Triple Threat Impacting Deere

Ann Duignan, U.S. Machinery Analyst and Managing Director at J.P. Morgan, discusses earnings from Deere. She says the U.S., China trade war, a glut of soft commodities and an African swine fever lead her to downgrade the stock to underweight.

Zimbabwe to Supply Interbank Forex Market With $500 Million

Zimbabwe will supply the interbank foreign exchange market with $500 million on Monday as its tries to resuscitate a currency trading system implemented in February that’s been plagued by a lack of liquidity. In February the central bank created the interbank market and said its quasi-currency, known as RTGS, would no longer be pegged to […]

Wall St. falls as trade anxieties spike

Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. While all three major U.S. indexes struggled for direction for much of the session, they turned decisively negative following a […]

NAFTA Negotiations Stall

High-level negotiators from the United States, Mexico and Canada failed to find common ground during Friday’s talks about the North American Free Trade Agreement (NAFTA), leaving analysts wondering whether an agreement will be reached before the May 17th deadline. The deadline, set by U.S. House of Representatives Speaker Paul Ryan, was chosen to give ample […]