Qatari, Chinese and Japanese investors all sought “extras” from Barclays as the British bank raised billions of pounds at the height of the credit crisis in 2008, a landmark London criminal trial heard on Wednesday.
Exxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Paradise in Houston, as the oil major further boosts its trading capabilities, sources familiar with the matter told Reuters on Wednesday.
Qatar Airways said on Wednesday that it had decided not to go ahead with routes to some planned destinations following a Gulf boycott, particularly in West and Central Africa, the company said in a Twitter post.
The United States and China still have hard work ahead to reach a trade deal to end a dispute that U.S. Trade Representative Robert Lighthizer told a Congressional hearing on Wednesday was the “most severe” Washington trade policy makers had faced.
Wall Street’s main indexes extended losses on Wednesday after U.S. trade representative Robert Lighthizer said the country’s issues with China were “too serious” to be resolved by promises of more purchases of U.S. goods by Beijing.
The United States is seeking to prevent China from competitively devaluing its currency as part of ongoing trade talks between the countries, following past manipulations of the yuan, U.S. Trade Representative Robert Lighthizer said on Wednesday.
Walt Disney Co accepted a demand by Brazil’s antitrust regulator CADE that it sell local rights for the Fox Sports channel to win approval of its takeover of Twenty-First Century Fox Inc, the regulator said on Wednesday.
J.C. Penney Co Inc on Friday will end a clothing subscription service venture, the retailer said this week, a move toward sharpening its focus on more-profitable apparel sales and exiting lines like major appliances.
U.S. home improvement chain Lowe’s beat Wall Street earnings forecasts on Wednesday, and predicted that more Americans would renovate their houses this year rather than buy a home in a market where prices are rising.
Global stock indexes fell on Wednesday after U.S. Trade Representative Robert Lighthizer said it was too early to predict an outcome in U.S.-China trade talks, while oil prices rallied after inventory data.
Shares in Air France-KLM fell sharply on Wednesday after the Dutch government said it would take a 14 percent stake in the airline, highlighting tensions between France and the Netherlands over control of the company.
Qatar Airways said on Wednesday it is suspending some planned new destinations, especially in West and Central Africa, due to the Gulf boycott, the company said in a Twitter post.
U.S. issues with China are “too serious” to be resolved with promises from Beijing to purchase more U.S. goods and any deal between the two countries must include a way to ensure commitments are met, U.S. Trade Representative Robert Lighthizer said in testimony at a Congressional hearing on Wednesday.
German drugs and lab supplies maker Merck KGaA has offered $5.9 billion, including debt, for Versum Materials, in a cash deal that tops an offer from U.S. group Entegris, as both seek to boost their electrochemicals operations.
Best Buy Co Inc shares surged 16 percent on Wednesday after it gave an upbeat profit forecast for the year and reported better-than-expected holiday-quarter sales.
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