News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Oil Prices Waver on Pipeline Shutdown

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Global oil prices wavered between gains and losses Tuesday as traders weighed the impacts of the shutdown of a key European pipeline.

U.S. Stocks Buoyed by Gains in Telecom

Gains among telecommunications companies pushed the Dow Jones Industrial Average and S&P 500 higher Tuesday.

20% vs. 22%: The Tension Over Two Points in the Corporate Tax Rate

As House and Senate lawmakers continue hashing out differences between their tax-overhaul bills, some are pushing a less-drastic cut in the corporate tax rate to find money for a variety of interests.

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The Force Behind Bitcoin's Meteoric Rise: Millions of Asian Investors

Unlike past financial frenzies such as the dot-com bubble of the late 1990s, individual investors have been first to the party, fueling bitcoin's 1,600% rise this year.

Oil Prices Hit Year Highs Amid Disrupted Supply

A wave of oil-supply disruptions and OPEC's production cuts have lifted crude prices to their highest level in 30 months, and raised the prospects of petroleum producers from Saudi Arabia to Texas shale country.

Blast at Austrian Import Hub Chokes European Natural Gas Supply

An explosion at Austria's largest import hub for natural gas left one dead, a state of emergency in Italy and the highest gas prices in 3 years in the U.K. just as the cold winter months set in.

As the Fed Deliberates, Amazon Is Making Its Job More Difficult

Web-driven comparison shoppers are keeping a lid on inflation and weakening retailers' pricing power, complicating the Federal Reserve's deliberations on how much and how fast to raise interest rates.

How North Korea's Global Financing Web Works Around Sanctions

Researchers have identified a number of business transactions that they say show North Korea's international financing web is more sophisticated than what was previously known.

So... How Do You Buy Cobalt, Anyway?

Unless you're a miner, metals trading firm or auto maker, you probably will have a hard time getting your hands on any cobalt.

EU Prepares to Discuss a Long-Delayed Trade Deal With Britain

Following a Brexit divorce accord, European leaders may finally authorize negotiations at a summit this week on the outlines of a future trade deal with Britain.

(END) Dow Jones Newswires

December 12, 2017 13:15 ET (18:15 GMT)