Business & Finance News
Shares of Saudi Aramco were down 1.7% in late afternoon trade on Sunday, hitting 34.55 riyals ($9.21) per share, its lowest level since it started trading last month after a record initial public offering (IPO).
Japan ordered stricter immigration procedures on Sunday in response to the daring escape of ousted Nissan Motor Co boss Carlos Ghosn, the first official response to an episode that has rocked the nation’s legal system.
German automaker Daimler AG said on Saturday it will recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years because the sunroof glass panel could detach and pose a hazard.
Amazon.com is considering opening stores in Germany, its second biggest market after the United States, the ecommerce company’s head in the country was quoted as saying on Saturday.
A manager at Turkish jet operator MNG Jet has told authorities that he assisted unwittingly in the escape of ex-Nissan boss Carlos Ghosn from Japan because he had been threatened by a former acquaintance, Hurriyet newspaper reported on Saturday.
Ousted Nissan boss Carlos Ghosn left his Tokyo residence after a private security firm hired by Nissan Motor Co stopped monitoring him, three sources familiar with the matter told Reuters on Saturday.
Ousted Nissan boss Carlos Ghosn left his Tokyo residence after a private security firm hired by Nissan Motor Co stopped monitoring him, three sources familiar with the matter told Reuters on Saturday.
Federal Reserve policymakers who last year were frequently at odds over where to set U.S. borrowing costs opened 2020 telegraphing confidence in the state of the economy and signaling broad agreement that monetary policy is right where it should be.
Cleveland Federal Reserve Bank President Loretta Mester, among the Fed policymakers most concerned that easy monetary policy would risk excessive inflation, said on Friday she has put those fears to rest for now and is willing to leave rates at their current level absent some substantial change in the economy.
Axon Enterprise Inc on Friday sued the U.S. Federal Trade Commission in a bid to have antitrust proceedings over an acquisition heard in a federal court and not in an internal FTC process, claiming that the FTC’s ability to both prosecute and judge cases deprives companies of their constitutional rights.
Exxon Mobil Corp’s fourth quarter operating results will decline from a year ago due to weakness in chemicals and refining, according to a regulatory filing and analyst comments on Friday.
The Federal Trade Commission (FTC) on Friday challenged police body camera maker Axon Enterprise Inc’s completed acquisition of rival Vievu, saying it allowed the company to impose substantial price increases.
The Federal Reserve could find itself fighting too-low inflation for years to come, San Francisco Federal Reserve President Mary Daly said on Friday, and may need a new policy framework to lift inflation back up to the Fed’s 2% goal.
Wall Street’s major indexes fell from record highs on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East and a bigger-than-expected contraction in the U.S. manufacturing sector raised concerns of slowing economic growth.
Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles due to sanctions, lack of cash and staff, according to a former oil minister, an opposition lawmaker and industry sources.
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