U.S. Crude Climbs 1% on Retail Sales, PPI
U.S. crude futures settled 1% higher, bolstered by data that showed retail sales rose for the first time in four months and producer prices climbed at the fastest pace in five months.
PIRC Opposes Vedanta Chairman Re-election, Expresses Concern on India Political Donations
Shareholders of U.K.-listed mining company Vedanta Resources PLC (VED.LN) should withhold voting on its annual report and accounts and oppose the election of its executive chairman at the company's Aug. 28 annual general meeting, an independent U.K.-based shareholder advisory body said in a report
Samsung Focuses on Alleged Apple Infringement
SAN JOSE, Calif.--Samsung Electronics Co. (SSNHY, 005930.SE) accused Apple Inc. (AAPL) of violating three Samsung patents as the high-stakes patent trial between the companies continues its second phase.
Spain Probes Ryanair Emergency Landings
Spanish air authorities have opened an investigation into Ryanair after the Irish low-cost carrier requested three emergency landings in July due to fuel shortages, officials said Tuesday.
SEC Was Looking at Knight in Midst of Errant Trade
The SEC was in the middle of an examination of Knight Capital's risk-management systems just as the firm’s now-infamous trading error sparked a massive loss that nearly sunk the trading house.
Citgo's Illinois Refinery FCCU Remains Shuttered
An important gasoline-making fluid catalytic cracking unit at Citgo Petroleum Corp.'s oil refinery in Lemont, Illinois, remains shuttered with no estimate for restart, a Citgo official said Tuesday.
Former Top Treasury Official: Go Tough on Standard Chartered
A Treasury Department official under President George W. Bush who enforced U.S. law on dealings with foreign countries under economic sanctions says the $340 million fine Standard Chartered agreed to pay due to its New York branch’s dealings with Iran is a disappointment.
OIL FUTURES: Crude Rises on Strong U.S. Retail Sales
Oil prices rallied Tuesday following strong U.S. retail sales figures and respectable economic results out of major European economies, which reignited bullish sentiment among some market participants.