Oil erased losses in New York after the initial reaction to US President Donald Trump’s tweet on “artificially Very High” prices fizzled.

Asia’s super-wealthy are increasingly opting for second-hand private jets rather than buying new ones, as private buyers look for deep discounts and shorter waiting times, aircraft brokers said.

Chinese banks extended 1.9tn yuan ($302bn) in new property loans in the first quarter of 2018, reflecting still solid demand for housing even as curbs on speculation continue to bite, central bank data showed yesterday.

Wells Fargo will pay $1bn in fines to address deficiencies identified by regulators in its mortgage and auto loan businesses, US officials said yesterday.

The pound fell yesterday after Bank of England governor Mark Carney shook the market’s confidence in an early interest rate hike, dealers said.

On Wednesday, the second blackout in a week hit Puerto Rico as the decrepit power system went out again.

General Motors’ South Korean unit delayed a decision to file for bankruptcy protection until Monday afternoon, after the automaker failed to reach a wage deal with its labour union in time to meet a yesterday deadline.

Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500mn, under a review of its Asian operations, three people with knowledge of the matter said.

In a bid to attract dollar investment from millions of overseas Pakistanis, the government has sought applications for selection of lead managers in order to launch offshore retail bond for obtaining $1bn investment from Gulf countries including Saudi Arabia, UAE, Qatar and others.

The chaotic shakeup at Deutsche Bank AG sent more aftershocks through the bank’s top ranks as its chief operating officer was ousted and its head of investor relations quit.

Two Russian banks are on the verge of taking a substantial equity stake of Croatia’s biggest retailer, expanding Moscow’s reach in a corner of the European Union that has for years tried to fend off Russian investment.

General Electric Co posted quarterly results that topped expectations yesterday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher.