Business & Finance News
Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by around 20 percent since early October.
AirAsia X Bhd , which has yet to firm up a tentative order for 34 Airbus A330neo widebody jets placed in July, is considering switching some of them to narrowbody A321neos, the CEO of its Malaysian arm said on Friday.
Asian stocks pulled back from a one-month high on Friday as the Federal Reserve appeared poised to deliver another interest rate hike next month, paring gains made earlier this week after U.S. midterm elections triggered a global equities rally.
Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month.
Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on Nov. 30, Mexico’s economy minister said on Thursday.
Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by 20 percent since early October.
Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month.
The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG , Switzerland’s largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up to the 2008-09 global financial crisis.
Walt Disney Co results beat Wall Street estimates on Thursday thanks to summer crowds that swarmed into its theme parks and filled theaters showing Marvel movie “Ant-Man and the Wasp.”
Volkswagen intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla rivals, a source familiar with the plans said.
Almost three-quarters of Japanese firms said the recent data falsification scandal involving KYB Corp, a maker of earthquake shock absorbers, has hurt Japan’s corporate image, a Reuters poll found, although few saw any impact on their businesses.
Half of Japanese companies expect new trade talks with Washington to boost their U.S.-bound exports, a Reuters poll found, despite President Donald Trump’s intensifying drive to cut the trade gap between the two major economies.
The U.S. government on Thursday filed a civil fraud lawsuit against UBS AG , accusing the Swiss bank of defrauding investors in connection with its sale of residential mortgage-backed securities in 2006 and 2007.
Walt Disney Co reported a quarterly profit that topped Wall Street estimates on Thursday, driven by summer crowds at the company’s theme parks and big audiences for Marvel movie “Ant-Man and the Wasp.”
Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker’s wayward chief executive who has dragged the company through months of turbulence.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
