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Oil Futures Edge Higher ahead of Inventory Data

Oil futures moved higher Wednesday, finding support as traders awaited U.S. government inventories data after an industry trade group showed another sharp rise in American crude stocks but big drawdowns in inventories of petroleum products. West Texas Intermediate crude for April delivery rose 49 cents, or 0.8, to 64.50 a barrel on the New York Mercantile […]
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Sterling Slips; EU and UK Fall Out over Vaccine Comments

LONDON, March 10 Reuters The pound was little changed on Wednesday, slipping below 1.39 and edging up slightly against the euro, as currency markets calmed ahead of inflation data from the United States. The dollar recovered some of its losses from the previous session as market participants waited for a U.S. Treasury auction and the […]
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China Considers Adjusting Investment Limit for STAR Market

SHANGHAI, March 10 Reuters China is considering adjusting the investment threshold for Shanghais techfocused STAR Market to boost liquidity and improve rules for the registration system. We suggest adjusting the investment threshold as the liquidity conditions for the STAR Board are not that ideal, Fan Yun, a deputy to Chinas National Peoples Congress, was quoted […]
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Swedish Battery Maker Northvolt Buys U.S. Startup Cuberg

Swedish lithiumion battery maker Northvolt said on Wednesday it had bought U.S. startup Cuberg to get access to technology that would boost the range of electric vehicles that can use its batteries. Cuberg, spun out of Stanford University in 2015, has created battery cells that deliver increased range and capacity by 60 versus comparable lithiumion […]
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Credit Suisse Employees Step Aside after Greensill Collapse

The head of Credit Suisses European asset management division and two other employees who worked on the banks Greensill Capital supplychain finance funds have temporarily stepped aside, according to an internal bank memo. Credit Suisse froze 10 billion worth of funds last week that invested in securities created by the specialty finance firm. Greensill Capital […]
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Russia and China Look to Deepen Ties this Time, on Moon

Russia and China are making plans to further their geopolitical relationship, this time in space with the building of a new lunar station. The countries space agencies, Russias Roscosmos and Chinas National Space Administration, signed Tuesday a memorandum of understanding on behalf of their respective governments signaling their commitment to create a new lunar space […]
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