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Oil prices higher as U.S. sanctions limit Iran exports

LONDON (Reuters) – Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil ...

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Oil falls on rising output from OPEC and United States

SINGAPORE (Reuters) – Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October ...

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JD.com’s billionaire CEO released after U.S. arrest

BEIJING (Reuters) – The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released after what the company said was a false accusation. FILE PHOTO: JD.com founder Richard Liu ...

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U.S. fund managers trim bank stocks on profit worries

NEW YORK (Reuters) – U.S.-based mutual fund managers worried about the outlook for bank earnings have been trimming financial stocks from their portfolios, although some value-oriented portfolio managers and analysts said they still see attractive opportunities in the sector. Traders work on the floor of the New York Stock Exchange ...

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