Oil mixed as virus fears offset talk of OPEC cut extension
Oil was mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts.
Apple, Boeing lift Wall Street ahead of Fed decision
U.S. stock indexes rose on Wednesday, boosted by shares of Apple, Boeing and General Electric following their results, while investors assessed the economic damage of the fast-spreading coronavirus outbreak.
Trump signs USMCA, ‘ending the NAFTA nightmare’; key Democrats not invited
President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests – but not the key Democrats who helped secure congressional passage of the deal.
Argentina needs policy clarity to reinvigorate economy: IMF
Greater certainty around Argentina’s public policies could help reactivate growth and investments in the recession-hit South American country, the International Monetary Fund said on Wednesday.
Mediobanca CEO expects second-tier banks to look at M&A in 2020
Second-tier banks in Italy, Spain and possibly Germany are likely to consider mergers this year in a bid to boost returns which are insufficient to cover their cost of equity, the chief executive of investment bank Mediobanca said.
Ford’s Lincoln to partner with Rivian to make electric vehicles
Ford Motor Co owned Lincoln Motor on Wednesday confirmed its plans to make battery-powered electric vehicles in partnership with Ford-backed startup Rivian.
Canada panel urges taxes and domestic content rules for Netflix, other U.S. firms
Ottawa should require U.S. tech companies such as Netflix , Amazon and Facebook to collect the same taxes as Canadian companies and also be subject to the same requirements for supporting domestically produced content, a Canadian government-mandated …
Wall St. edges higher on Apple, Boeing strength; Fed in focus
U.S. stock indexes edged higher on Wednesday, boosted by gains in Apple, Boeing and General Electric following their results, while investors assessed the economic damage of the fast-spreading coronavirus outbreak.
Morgan Stanley warns coronavirus could drag on global, Chinese GDP growth
Morgan Stanley said on Wednesday the coronavirus outbreak in China was likely to hurt global growth in the near-term and could shave up to 1 percentage point off Chinese growth in the first quarter.
KFC to sell Beyond Meat’s plant-based ‘fried chicken’ in the southern U.S.
Beyond Meat said on Wednesday it will supply plant-based “fried chicken” to several KFC stores in Tennessee and North Carolina, after a test conducted last year showed strong consumer demand.
