Business & Finance News
An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis this year.
Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight.
Shares of FedEx Corp fell nearly 10% on Wednesday after the world’s largest packaging company cut its 2020 profit forecast for the second time as it spends heavily to expand its online delivery business and battles slowing global trade.
The S&P 500 and Nasdaq extended a record rally on Wednesday, even as FedEx limited gains after cutting its annual profit forecast for the second time this year.
Boeing Co’s decision to suspend aerospace’s biggest production line exposes contrasts in the U.S.-dominated 737 MAX supply chain, severely straining some niche machine shops while giving engine giants time to iron out their own wrinkles.
U.S. stocks opened largely flat on Wednesday as markets took a breather from a record-setting spree, while FedEx plunged after it cut its annual profit forecast for the second time this year.
Fiat Chrysler Automobiles (FCA) and Peugeot owner PSA have sealed a deal to join forces in a 50-50 share merger worth about $50 billion.
U.S. Federal Reserve Governor Lael Brainard launched a broadside against Facebook’s Libra digital currency project on Wednesday, saying it faces a “core set of legal and regulatory challenges” including clarity about how it would be tied to some basket of underlying assets.
U.S. stocks were set to open flat on Wednesday as Wall Street’s record-setting rally ran out of steam, while FedEx eyed its worst day since September after cutting its annual profit forecast for the second time this year.
German Chancellor Angela Merkel said on Wednesday she had not been told about the Chinese authorities making any threats of retaliation if Germany were to exclude Huawei from its 5G rollout.
Chancellor Angela Merkel’s conservatives and their Social Democrat partners have delayed until next year a decision on security rules for Germany’s 5G network that could bar China’s Huawei, a highly divisive issue in an unhappy alliance.
Oil prices fell on Wednesday after U.S. industry data showed a surprise build up in crude inventories but losses were kept in check by expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade row.
Cyrus Mistry has won backing from a tribunal to be reinstated as executive chairman of Tata Sons, the holding company behind Indian conglomerate Tata Group, lawyers said on Wednesday, knocking shares in group companies.
Fruit smoothies may become the new martini for Wall Street holiday parties.
Uber driver Juan Jose is quick to cover his cell phone with the red rag he keeps in his front seat whenever he spots a police officer on the streets of Bogota.
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