
Oil Snaps Three-Day Advance on Fed Outlook, Rising Inventories
Oil fell as investors weighed the Federal Reserve policy outlook after another hike and digested a mixed snapshot of US supply and demand.
Oil fell as investors weighed the Federal Reserve policy outlook after another hike and digested a mixed snapshot of US supply and demand.
Toshiba Corp. accepted a buyout offer from a Japanese consortium, the Nikkei newspaper reported, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history.
The Philippine central bank slowed the pace of its interest-rate increases as it seeks to cool still-hot inflation while allowing itself some policy-maneuver room in the event of risks from a global banking turmoil.
US equity futures climbed with Asian stocks as relative calm returned to markets Thursday following a tumultuous day of losses on Wall Street.
Global funds seeking to ride out the recent volatility in financial markets have gravitated to an unlikely asset class: emerging Asian bonds.
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