SINGAPORE/LONDON (Reuters) -Oil edged higher on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, and supported by an industry report showing a decline in U.S. crude inventories. Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, Reuters reported on Tuesday,...

04:36 AM EST, 12/26/2024 (MT Newswires) -- US Steel's (X) pending takeover by Nippon Steel got an extended closing date of Q1 2025 from Q3 or Q4 2024 previously. The Japanese firm said Thursday it revised the terms of the nearly $15 billion bid after the Committee on Foreign Investment in the United States, or CFIUS, failed to agree on...

04:57 AM EST, 12/26/2024 (MT Newswires) -- Price: 0.67, Change: +0.085, Percent Change: +14.55 ...

Alibaba Group Holding Ltd. ( BABA )  is reportedly close to merging its South Korean operations with E-Mart Inc. in a deal valued at approximately $4 billion. This strategic move aims to bolster their position in South Korea’s competitive online retail market. What Happened: The potential joint venture would combine the e-commerce assets of both companies, creating a stronger entity to challenge local competitors...