Oil rises ahead of OPEC output talks
Oil gained on Wednesday ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in U.S. crude stockpiles.
Stocks back to ‘risk-on’ after Trump trade war scare
European stocks recovered on Wednesday from their losses the day before, when U.S. President Donald Trump surprised world markets by saying a trade deal with China could wait until after the 2020 presidential election in November.
Ryanair warns of base closures, job losses on delay in Boeing MAX delivery
Ryanair Holdings Plc said on Wednesday it would receive just half of the planned 20 Boeing 737 MAX aircraft deliveries, leading to closure of two bases and cutting of its summer capacity at other bases, putting jobs at risk.
Futures jump on report of U.S., China nearing phase-one trade deal
U.S. stock index futures shot up on Wednesday, putting Wall Street’s main indexes on course to snap a three-day losing streak, following a report that the United States and China were moving closer to signing a ‘phase-one’ trade deal.
Oil up nearly 2% ahead of OPEC output talks
Oil gained on Wednesday ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in U.S. crude stockpiles.
Sole CEO means simpler business for Alphabet: analysts
Alphabet’s change of leadership should simplify the company’s unorthodox management structure under new boss Sundar Pichai without creating unwanted turbulence in strategy at one of Silicon Valley’s biggest names, Wall Street analysts said on Wednesday…
Amazon Air provider hit with ‘no confidence’ vote as holiday shipping ramps up
ABX Air pilots who fly for Amazon.com Inc and other clients cast a near-unanimous vote of “no confidence” against company management as the holiday shipping season, which depends on airplanes for fast delivery, takes off.
Elon Musk due back on witness stand in defamation trial stemming from tweets
Tesla Chief Executive Elon Musk was due to resume testifying in his own defense on Wednesday at the trial for a defamation lawsuit filed by a British diver whom the Silicon Valley billionaire called “pedo guy” on Twitter.
OPEC gearing up for deeper oil cuts, Russia yet to agree
OPEC is gearing up to deepen oil supply cuts later this week but still needs to strike an agreement with allies such as Russia on details of a deal to support prices and prevent a glut next year.
Tesla Model X gets 5-star rating from European safety agency
Tesla Inc said on Wednesday its Model X SUV has been awarded a five-star rating by the European New Car Assessment Programme (NCAP) in tests that are standards for Europe.
