Oil prices steady as US crude draw limits downside
Oil prices were steady on Thursday, after falling for four straight days as investors worried about the global demand outlook, but a decline in U.S. fuel inventories provided a floor, reports Reuters.Brent crude futures gained 31 cents, or 0.41 per cent, to $76.36 a barrel, while U.S. West Texas Intermediate...
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US jobs data point to weaker than expected market
WASHINGTON, Aug 22 (AFP): The US jobs market was probably cooler than expected in the year through March, Labor Department data showed Wednesday, signaling weaker but still-positive growth.US employers were estimated to have added 818,000 fewer jobs than initially reported for the 12-month period, meaning job growth in the world's...
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TSX futures muted as losses in gold offset US rate-cut hopes
Futures linked to Canada's main stock index were muted on Thursday as losses in gold prices countered investor optimism around US rate-cut hopes in September, reports Reuters.September futures on the S&P/TSX index were unchanged at 0.0 per cent at 6:51 a.m. ET (10:51 GMT).Materials shares will be in the spotlight...
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India surpasses China to become Russia's top oil buyer in July
NEW DELHI, Aug 22 (Reuters): India overtook China as the world's biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed.Russian crude made up a record 44 per cent of India's overall imports last...
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Walmart partners with Burger King to offer discounted deals to members
NEW YORK, Aug 22 (Reuters): Walmart said on Thursday it has partnered with Restaurant Brands' Burger King to offer discounted meal benefits to its membership customers as the retail giant looks to make its services more attractive to compete better with Amazon's Prime.Starting September, Walmart's members can avail discounts at...
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