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Oil falls amid first signs of expanding US crude stockpiles

Bloomberg Oil dropped as US crude inventories rose for the first time in more than a month. Futures dipped as much as 1 percent on Wednesday in New York. Nationwide, crude stockpiles expanded by 1.85 million barrels last week, the first increase since early August, the Energy Information Administration said. Refiners are buying less crude as post-summer maintenance work ramps ...

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IATA slams Brexit impasse as ‘unprofessional, crazy’

Bloomberg The head of an industry group representing almost 300 of the world’s biggest airlines slammed an impasse that threatens to ground planes after Brexit as unprofessional and showing disdain for passengers who have bought tickets in good faith. A deal removing the risk of disruption to flights when Britain leaves the European Union on March 29 must be hammered ...

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Amazon intruding on Shopify turf, says CEO Tobias Lutke

Bloomberg The head of Shopify Inc. said Amazon is encroaching on its turf — and it’s confident it can compete. “They are creating products now that help small businesses market their products better which is frankly the space we are in,” Tobias Lutke, chief executive officer of Ottawa-based Shopify, said in an interview with BNN Bloomberg TV at a tech ...

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