Oil prices drop as hopes for U.S.-China trade progress wilt
Oil prices slid on Thursday as hopes faded for any significant progress in U.S.-China trade talks that could dispel clouds over the global economy and gloom over prospects for weaker oil demand.
Stocks slide, safe assets gain on anxiety over trade talks
Global stocks tumbled and the safe haven yen and Swiss franc gained in early Asian trade on Thursday, on signs Washington and Beijing were still wide apart on trade issues and were making no progress in deputy-level talks.
White House denies report China’s Liu He plans to leave Washington on Thursday: CNBC
The White House has denied a report from the South China Morning Post that said that Chinese Vice Premier Liu He is planning to leave Washington on Thursday after just one day of minister-level meetings, a CNBC reporter said on Twitter.
Judge opens door to PG&E wildfire victims, noteholders filing rival reorganization plan
The judge overseeing the bankruptcy of PG&E Corp on Wednesday issued an order opening the door to a group of noteholders and wildfire victims to file their own reorganization plan for the California power provider.
Pompeo says China’s treatment of Muslims ‘enormous human right violation’: PBS interview
U.S. Secretary of State Mike Pompeo said in a television interview on Wednesday that China’s treatment of Muslims, including the Uighurs, in western China was an “enormous human rights violation” and Washington will continue to raise the issue.
Southwest, Gol ground 13 Boeing 737 NG airplanes after checks
Southwest Airlines Co and Brazil’s Gol Linhas Aereas have grounded a total of 13 Boeing Co 737 NG airplanes, the companies said, after U.S. regulators ordered urgent inspections.
U.S. stock futures tumble on report of no progress in Sino-U.S. talks
U.S. stock futures tumbled and the safe haven yen and the Swiss franc gained in early Asian trade on Thursday after a media report that the United States and China had made no progress in deputy-level trade talks earlier in the week.
ProPetro reshuffles top executives during probe into accounting disclosures
Oilfield services firm ProPetro Holding Corp on Wednesday shuffled its top executives amid an internal investigation into equipment purchases and expense reimbursements.
U.S.-China made no progress in deputy-level trade talks: South China Morning Post
The United States and China made no progress in deputy-level trade talks held on Monday and Tuesday in Washington, the South China Morning Post (SCMP) said, citing unnamed sources with knowledge of the meetings.
Massive jury award against J&J highlights risks of its legal strategy
A jury award that hit Johnson & Johnson with $8 billion in punitive damages for a case involving its anti-psychotic drug Risperdal highlights the risks of the drugmaker’s all-or-nothing legal strategy, several legal experts told Reuters on Wednesday.
