the-protection

Oil edges lower amid scepticism about output freeze

Oil prices inched lower on Wednesday as market participants remained skeptical that producers will reach an agreement to freeze output to rein in a global supply glut. London Brent crude for November delivery was down 4 cents at $47.22 a barrel by 2018 EST,

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Oil edges lower amid scepticism about output freeze

the-protection

U.S. judge grants Hanjin temporary protection from U.S. creditors

Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as they have in other countries. U.S. Bankruptcy Judge John Sherwood approved a motion by the world's seventh largest container carrier that sought to extend to the United States the protection from creditors that…

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U.S. judge grants Hanjin temporary protection from U.S. creditors