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Oil prices rise on U.S. weather disruption, OPEC action speculation

August 30, 2016 by · Leave a Comment 

Oil futures rose on Tuesday supported by production suspensions in the U.S. Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures were trading at $49.73 per barrel at 0924 GMT, up 47 cents from the previous close. U.S. West Texas Intermediate (WTI) crude was up 45 cents at $47.43 a barrel.

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Oil prices rise on U.S. weather disruption, OPEC action speculation

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EU demands Apple pay Ireland up to 13 billion euros in tax

August 30, 2016 by · Leave a Comment 

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits…

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EU demands Apple pay Ireland up to 13 billion euros in tax