Russian aluminum company Rusal said on Wednesday that board chairman Matthias Warnig resigned as part of a restructuring it agreed to implement in exchange for a waiver from U.S. sanctions.
U.S. stocks rose modestly on Wednesday, boosted by technology shares and an Amazon-led jump in retailers, helping pull the S&P 500 from the brink of bear market territory following punishing few sessions.
The family of a man who was killed when a Lion Air flight crashed in October has sued Boeing Co , alleging the 737 MAX 8 aircraft was “unreasonably dangerous” and demanding a jury trial in Chicago, where the U.S. manufacturer is based.
U.S. stocks opened higher on Wednesday, led by technology and retail shares, after a punishing few sessions left the benchmark S&P 500 on the brink of bear market territory.
Russian aluminum giant Rusal said on Wednesday that Matthias Warnig, chairman of its board of directors, had resigned as part of a restructuring process the company agreed to implement so that the U.S. Treasury can remove it from the sanctions list.
Wall Street was set to rise at open on Wednesday, indicating a slight respite after a punishing few sessions that left the S&P 500 on the brink of bear market territory on worries over slowing growth and the recent drama in the White House.
Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela’s navy stopping two seismic survey vessels the company had hired.
Sales during the U.S. holiday shopping season rose 5.1 percent to over $850 billion in 2018, the strongest in the past six years, according to a Mastercard report, as shoppers were encouraged by a robust economy and early discounts.
Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA.
Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales.
U.S. stock futures rose on Wednesday, indicating a slight respite after punishing few sessions that have pushed the S&P 500 near bear market territory on worries over slowing growth and the recent drama in the White House.
The big uptick in stock market gyrations this year has made a surprise winner out of a trade that has rarely delivered a win – buying and holding volatility.
Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an OPEC-led effort to tighten supply.
A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday.
A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
