Futures slip on renewed U.S.-China trade war concerns
U.S. stock index futures dipped on Wednesday as a new U.S. bill taking a hard line on China stoked fresh concerns about a prolonged trade war, but more positive results from the banking sector provided some relief and signaled a solid start to the thir…
Bayer expects significant surge in number of U.S. glyphosate cases
Bayer expects the number of claims in the United States related to Roundup herbicide to have surged in the third quarter, as the German drugs and pesticides maker tries to reach a settlement after earlier court rulings against it.
Oil steadies below $59, weaker economic outlook weighs
Oil steadied below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.
BNY Mellon beats profit estimates on cost controls
Bank of New York Mellon Corp reported a better-than-expected quarterly profit on Wednesday, as the world’s largest custodian bank cut costs to counter weakness in its investment management business and lower interest rates.
Sterling falters as Brexit approaches its endgame
Sterling came off five-month highs and stocks traded sideways on Wednesday as the European Union and Britain sought to avert a disorderly Brexit before an EU summit on Thursday.
Volvo Cars aims to be climate neutral by 2040
Volvo Cars, owned by China’s Geely Holding, is targeting a 40% reduction in the carbon footprint of each car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it said in a statement on Wednesday.
Oil eases further below $59 on weaker economic outlook
Oil edged further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.
Bank of America beats profit estimates on stock trading, lending gains
Bank of America Corp , the second-largest U.S. bank by assets, beat analysts’ estimates for quarterly profit as gains from trading in stocks and robust loan growth helped cushion it from lower interest rates.
Huawei’s third-quarter revenue jumps 27% as smartphone sales surge
Huawei Technologies Co Ltd’s third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.
Ride-hailing companies Uber, Lyft won’t testify before Congress: report
Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources.
