Oil prices rose about 3 percent on Wednesday, recovering somewhat from a sharp sell-off during the previous session, after U.S. data showed strong demand for refined products.
U.S. stocks climbed 0.7 percent on Wednesday, boosted by the technology sector, while banks rose ahead of a much anticipated Federal Reserve announcement that investors hope will point to a more moderate pace of interest rate hikes next year, which could spark a year-end rally.
Facebook’s lead regulator in the European Union on Wednesday said it was assessing a report in the New York Times that the social network allowed some tech companies far greater access to data than it had disclosed.
From an eye shadow that opens with the flick of a thumb, Zippo-style, to a barely-there foundation in subtle blue-gray packaging: men’s make-up is getting a makeover as manufacturers bid to take it more mainstream.
General Mills Inc reported a quarterly profit above Wall Street estimates on Wednesday as the maker of Cheerios cereal raised prices and eked out higher margins from cost savings.
Daimler told European regulators late last month that it will have to recall 127,847 Mercedes vehicles to replace the R134a coolant, trade publication kfz-betrieb reported on Wednesday, not citing the source of its information.
A group whose members include Amadeus and Expedia , stepped up their fight against German airline Lufthansa on Wednesday, urging EU regulators to investigate booking fees it levies on travel agents.
Volkswagen (VW) is buying a controlling stake in Volvo’s WirelessCar, a digital service developer specializing in connected driving, for 1.1 billion Swedish crowns ($122 million), the companies said on Wednesday.
Uber [UBER.UL] has lost its latest court bid to stop its British drivers being classified as workers, entitling them to rights such as the minimum wage, in a decision which jeopardizes the taxi app’s business model.
Canadian mortgage lender Home Capital Group Inc said on Wednesday that Warren Buffett’s stake in the company will drop to less than 10 percent after the completion of a share buyback.
U.S. home sales unexpectedly rose in November, but recorded their biggest annual decline in 7-1/2 years, adding to other data that have painted a grim picture of the housing market.
Global equity markets edged higher on Wednesday after a three-day sell-off which had investors seeking safety in bonds due to mounting pessimism over world economic growth.
U.S. stocks climbed on Wednesday, boosted by technology stocks, and financials also gained ahead of a highly awaited Federal Reserve announcement where investors will watch for signals of fewer rate hikes, which could spark a year-end rally.
Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd , has “immense” cash flow problems and has considered applying for bankruptcy, the Financial Times reported on Wednesday.
Facebook Inc said it did not give companies access to personal data of users without their permission, after the New York Times reported on Tuesday that the social network allowed some tech giants far greater access to data than it had disclosed.
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