By Noel Randewich (Reuters) – Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. Market sentiment brightened further this week after the United States […]
By Laila Kearney NEW YORK (Reuters) – A federal judge on Wednesday said he was prepared to approve Philadelphia Energy Solutions’ bankruptcy plan which includes the sale of the largest East Coast oil refinery to a Chicago real estate developer for $252 million. The refinery, which had capacity to process 335,000 barrels of crude oil […]
TOKYO (Reuters) – Japan’s economy likely shrank at the fastest pace since 2014 in the December quarter as a sales tax hike and a typhoon dented consumer spending and sluggish exports hit capital expenditure, a Reuters poll showed on Friday. Adding to pressure to the outlook is China’s virus outbreak, which has threatened exports and […]
