Articles by admin

Fears of a global economic slowdown weighed on Wall Street’s main indexes on Wednesday, and along with a prolonged inversion in the U.S. yield curve kept investors at bay.

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A gauge of world stocks slipped on Wednesday amid new signs of concern for the global economy, while benchmark U.S. Treasury yields sank to fresh 15-month lows and German bond yields fell further below zero.

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U.S. health insurer Centene Corp on Wednesday said it would buy smaller rival WellCare Health Plans Inc for $15.27 billion in stock and cash, in a move to bulk up its government-backed Medicare and Medicaid businesses while reducing exposure to Obamacare healthcare exchanges.

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The United States has made progress in convincing the European Union of the risks in using technology from China’s Huawei and will continue to push them on the issue, U.S. Secretary of State Mike Pompeo said on Wednesday.

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Swedish authorities searched the head office of Swedbank on Wednesday as part of an investigation into the bank’s handling of money laundering allegations at its Baltic branches.

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Commerzbank’s chief executive was paid 32 percent less in 2018, contrasting with sharp rises for the top management at its potential merger partner Deutsche Bank.

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U.S. Transportation Secretary Elaine Chao told a Senate committee on Wednesday it was “very questionable” why some Boeing 737 MAX safety features were not required, but she stopped short of saying the government would require retrofitting all aircraft.

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Swedbank is under investigation by the New York Department of Financial Services (DFS) for giving misleading information during a probe related to the Mossack Fonseca tax evasion and money laundering scandal, Swedish public service broadcaster SVT reported on Wednesday.

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Wall Street’s main indexes treaded water on Wednesday as global growth fears lingered and the U.S. yield curve extended an inversion, prompting investors to stay on the sidelines.

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Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450 million to $500 million.

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The U.S. trade deficit narrowed by the most in 10 months in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines.

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Commerzbank’s chief executive’s pay fell by 32 percent in 2018, in sharp contrast to hefty rises for top management at its potential merger partner Deutsche Bank.

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Deutsche Bank’s challenge may be that it is too small to reap the benefits of scale, the lender’s supervisory board chairman said on Wednesday, a week after the bank announced merger talks with rival Commerzbank.

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Hewlett-Packard botched its $11.1 billion acquisition of Autonomy and then tried to cover up its own mismanagement by accusing the British software company’s founder Mike Lynch of fraud, a London court was told on Wednesday.

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U.S. stocks opened flat on Wednesday as global growth fears and a prolonged inverted U.S. yield curve prompted investors to stay on the sidelines.

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