© Reuters. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo

(Fixes typographical error in headline)

By Ahmad Ghaddar

LONDON (Reuters) -Oil prices rose on Tuesday, after sharp losses the previous session, amid tighter U.S. supplies, ending days of losses as global markets remain haunted by the potential impact on China’s economy of a crisis at heavily indebted property group China Evergrande.

gained 70 cents, or 1%, to $74.62 a barrel by 1239 GMT, having fallen by almost 2% on Monday. The

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With the Taliban’s return to energy, the US, UK, International Monetary Fund, World Bank, EU and Germany have been among the donors who have already suspended the development funds they planned to give Afghanistan. They might continue to supply humanitarian assist, but this is prone to be channelled by way of charities quite than the Taliban authorities. Collaboration and engagement are central to efforts supporting communities and marine life whereas sustainably offering power to the blue financial system. Here’s why the UN has dedicated an entire … Read More

Chinese equities updates

Hong Kong’s stock market slumped on Monday in a decline that spread to European bourses as an escalating liquidity crisis at Chinese property developer Evergrande showed signs of spreading beyond the sector.

Chinese and Hong Kong property groups were at the centre of the market slide, falling to the lowest levels in half a decade amid rising angst over the fate of Evergrande, the world’s most indebted property developer.

The group faces obligations of more than $300bn to creditors and other

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© Reuters. Foot Locker: 50% Upside Potential

Wall Street is underestimating Foot Locker’s (FL) growth potential in the new athletic retail apparel landscape, according to Quo Vadis President John Zolidis. He sees the company trading 50 percent higher in twelve months from now. I am bullish on this stock.

“The Street is underestimating the benefits from changes in Nike (NYSE:) distribution and the environment post-Covid, and therefore estimates are too low,” he says. “We see upward revisions driving valuation expansion with a potential 50% gain over one year.”

Last month, Foot Locker (NYSE:) reported a net income of $430 million,

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(If visitors didn’t want to, it in all probability would mean the expertise wasn’t nice.) The particular brokers of the Geek Squad, for example, stage such a distinctive computer-repair expertise that prospects buy T-shirts and lapel pins from the company’s Web site. If airways truly have been in the experience-staging business, more passengers would truly store in those seat-pocket catalogs for appropriate mementos. Likewise, mortgage loans would encourage family keepsakes; grocery checkout lanes would stock souvenirs in lieu of nickel-and-dime impulse items; and maybe even insurance coverage certificates could be thought of … Read More