Gasoline shortages in Mexico sparked by a government crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the problem persists, while lines at gas stations grew in the capital on Wednesday.
Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease and posted earnings ahead of expectations, allaying concerns of a slowdown in the broader U.S. housing market.
BlackRock Inc is giving the executive behind the company’s key iShares brand a job overseeing strategy, marketing and international businesses as the world’s largest asset manager grooms possible successors to Chief Executive Larry Fink. Mark Wiedman, who has led the company’s fast-growing index investing unit, will take the title head of international and of corporate strategy, Fink said in a memo seen by Reuters on Wednesday. Wiedman will be reporting to F
Carlos Ghosn, chief executive of French carmaker Renault and ex Nissan chairman, has not had his tax domicile France since 2012, opting instead for the more fiscally favorable Netherlands, French newspaper Liberation reported on Wednesday.
BlackRock Inc is giving the executive behind the company’s key iShares brand a job overseeing strategy, marketing and international businesses as the world’s largest asset manager grooms possible successors to Chief Executive Larry Fink.
Germany’s financial markets watchdog is requiring Deutsche Bank to re-examine the files of about 20,000 risky clients by the end of June as part of its “know your customer” process, a person familiar with the matter said on Wednesday.
Danske Bank A/S and four former top executives were sued on Wednesday by a U.S. shareholder that accused Denmark’s largest bank of defrauding investors and inflating its share price by hiding and failing to stop widespread money laundering at its Estonian branch.
The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to engaging in a scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness.
The Chrysler Building, an Art Deco masterpiece that has been a defining image of New York City’s skyline for decades, has been put up for sale, a minority owner of the building and a broker hired to market the property said on Wednesday.
Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.
The industrial situation in Airbus aircraft factories is returning to normal after a series of delays, the company’s plane-making chief said on Wednesday.
Qualcomm Inc has responded to comments made by Apple Inc Chief Executive Tim Cook in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook’s remarks “misleading.”
U.S Federal Reserve policymakers can wait on any further interest rate hikes until they have a better handle on whether growing risks will undercut an otherwise solid U.S. economic outlook, several policymakers said on Wednesday.
U.S. short-term interest-rate futures rose slightly on Wednesday just after minutes from the Federal Reserve’s most recent meeting showed policymakers want to be patient about further rate hikes.
Wall Street rallied for a fourth session on Wednesday, led by Apple, chipmakers and other trade-sensitive stocks, after signs of progress in trade talks between the United States and China.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
