Business


Oil mixed amidst Irma demand fears, Saudi cut extension talks

The price for October futures of West Texas Intermediate (WTI) grew by 0.06 percent and stood at $49.12 per barrel. The U.S. lost more than 20% of its refining capacity in the days after Harvey (http://www.marketwatch.com/story/more-refineries-come-off-line-in-harveys-wake-2017-08-30), though many refineries have since started to come back online.


Toshiba still considering chip unit bidders

Toshiba still considering chip unit bidders

Toshiba's head office is pictured in December 2015. Western Digital shares are up 2.03% premarket. Following a string of losses from the bankruptcy of Westinghouse (Toshiba's nuclear energy division in the United States), a sale of the chip division could remove uncertainty for stockholders over the future of the company.


S&P 500 chalks up record high as fear-gauge drops

S&P 500 chalks up record high as fear-gauge drops

The US dollar rose against major peers as Irma, while devastating, didn't reach the feared Category Five storm that some had anticipated and looks to have spared Miami. The services measure is also scheduled for Monday. There were no major U.S. data releases due in the first trading session of the week. Health-care stocks led the procession as Canopy Growth jumping 26 cents, or 2.8%, to $9.44, while Valeant Pharmaceuticals leaping 70 cents, or 4.2%, to $17.22.


China supports United Nations action on North Korea while urging talks

China supports United Nations action on North Korea while urging talks

As the UN Security Council gears up for another round of sanctions on North Korea , it will become clearer whether China is willing to cut off trade enough to cripple the North Korean government's ability to develop weapons capable of destroying United States cities.


Inflation rises 3.36% in August, IIP growth mild at 1.2% in July

Inflation rises 3.36% in August, IIP growth mild at 1.2% in July

Consumer food price inflation, a metric to gauge changes in monthly kitchen costs, continued to remain soft, with prices showing gradual improvement at 1.52 per cent from a decline of 0.36 per cent in July 2017 against 5.91 per cent in the same period in 2016.