Oil prices declined at the start of trading on Tuesday, continuing the downward trend from the previous session. Concerns among investors about an increase in supply later in the year contributed to the decline.
J&J must pay $260 million in latest talc trial, Oregon jury says
In a recent verdict, Johnson & Johnson has been ordered to pay $260 million to a woman from Oregon who claimed that she developed mesothelioma, a fatal cancer associated with asbestos exposure, from using the company’s talc powder.
Dollar wallows at multi-month lows as Fed cut bets grow
The US dollar remained weak against the euro and sterling on Tuesday, hitting its lowest level since April. This was due to indications of a weakening US economy, which further supported the argument for earlier interest rate cuts by the Federal Reserve.
US senator urges FAA to ensure accountability in Boeing quality plan
A U.S. senator responsible for aviation matters is calling on the head of the Federal Aviation Administration (FAA) to ensure transparency and accountability in Boeing’s efforts to improve quality.
BHP Faces a Test of Patience After $49 Billion Anglo Bid Falters
Following BHP Group’s unsuccessful attempt to acquire Anglo American Plc for $49 billion, investors are advising Chief Executive Mike Henry to remain composed. BHP believes that their restraint in the Anglo takeover is commendable,
Oil Pushes Lower as OPEC+ Plan Spurs Concerns About Ample Supply
Oil prices continued to decline after OPEC+’s decision to increase production earlier than anticipated raised concerns about a potential oversupply. Brent crude dropped below $78 per barrel following a 3.4% decrease in the August contract on Monday.
Asian Shares Fall After Weak US Manufacturing Data: Markets Wrap
Asian stocks fell as concerns about the US economy overshadowed hopes for early Federal Reserve policy easing. Shares in Japan and South Korea declined, while those in Hong Kong and mainland China experienced fluctuations. US equities futures remained stable.
In Asia, Treasury yields stabilized after a rise on Monday triggered by d
Hedge Fund Dymon Expands Hong Kong Office, Bucking Trend
Hedge fund firm Dymon Asia Capital is expanding its presence in Hong Kong’s central business district, despite the city facing an increase in office vacancies and falling rental rates. Dymon has secured a lease for a 7,000 square-foot office in the Edinburgh Tower,