Oil staged a partial rebound after slumping on Wednesday as the US dollar fell and traders weighed the potential for better demand in China.
Oi SA, the distressed Brazilian telecom operator, asked a court to shield it from creditors ahead of a major debt payment, in what may lead to a second bankruptcy protection process in seven years.
Emerging markets lit up green as Federal Reserve Chair Jerome Powell nodded at the progress made against US inflation, adding fuel to Wall Street’s bullish outlook on developing assets.
It’s been called a “carbon bomb” and a caribou killer. Now, climate activists are facing a closing window to convince President Joe Biden to quash ConocoPhillips’s $8 billion oil development in Alaska once and for all.
Bed Bath & Beyond Inc., the financially strapped home-goods retailer, missed interest payments on its bonds, a week after receiving a default notice from lenders.
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