Brent North Sea crude hit a near six-month high above $75 per barrel Thursday on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran.Full Story
Detained former Nissan chairman Carlos Ghosn paid 500 million yen ($4.5 million) in bail, the Tokyo District court said Thursday, signaling he would likely soon be released.
Ghosn was arrested in November, released on bail in March but re-arrested in April on new allegations and taken to the Tokyo Detention House.Full Story
Japan will fail to reach its two-percent inflation target even by 2022, the central bank predicted on Thursday as it also revised down its estimate for growth in the world's third-largest economy.Full Story
Saudi Arabia has no immediate plans to raise oil output after the United States ends sanctions waivers for buyers of Iranian crude, energy minister Khalid al-Falih said Wednesday.Full Story
Two top American officials will head to Beijing next week to continue talks on the bruising trade war between the US and China, the White House said on Tuesday.Full Story
Oil prices jumped to near six-month highs on Monday as the Trump administration cracked down on Iranian oil exports, announcing it would no longer grant waivers from US sanctions.Full Story
Japanese authorities on Monday hit former Nissan boss Carlos Ghosn with a fresh charge of aggravated breach of trust, the fourth formal indictment against the auto sector tycoon.Full Story
Tokyo prosecutors will indict former Nissan chief Carlos Ghosn on a new charge on Monday when his detention period over suspected financial misconduct expires, local media reported Friday.Full Story
British annual inflation was unchanged in March, official data showed Wednesday, easing the pressure on the Bank of England to hike rates amid ongoing uncertainty over Brexit.Full Story
The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world's central banks and from U.S. and Chinese trade negotiators.
Global finance leaders gathered from the spring meetings of the International Monetary Fund and the World Bank agree that the global economy has lost momentum this year. But they expect growth to pick up in the second half of 2019, as central bankers ease up on interest rates.Full Story