Surprise drop in U.S. crude stocks lifts oil prices
Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories and offset weak economic readings in the United States that have depressed global stock markets.
Tesla’s China production to start, eyes on mass production timing: sources
Tesla Inc’s China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said.
Tesco CEO Dave Lewis to step down in 2020
Tesco boss Dave Lewis will step down next summer after completing the turnaround of Britain’s biggest retailer and hand the baton to Ken Murphy, a former executive at Walgreens Boots Alliance .
Global shares slip to one-month low after U.S. manufacturing shock
Global shares fell to one-month lows on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from the U.S.-China trade war is spreading to the U.S. economy.
Credit Suisse says risk calculation, hedging change to reap $250 million
Credit Suisse on Wednesday said it expects an estimated $250 million boost in annual profit from higher net interest income it expects to reap by calculating risk-weighted assets in dollars rather than Swiss francs.
Oil prices rise after surprise fall in U.S. crude stocks
Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the United States that have depressed global stock markets.
UK to fly back another 7,100 people on Wed after Thomas Cook collapse
UK’s Civil Aviation Authority said 44 flights are scheduled to fly on Wednesday to bring back 7,100 people back to the country, following the collapse of travel firm Thomas Cook.
Goldman Sachs reshuffles Asia M&A leadership as John Kim joins Carlyle – memo
Tech specialists Raghav Maliah and Jung Min have been appointed co-heads of Goldman Sachs’ mergers and acquisitions in Asia Pacific excluding Japan as former head John Kim moves to global private equity giant Carlyle Group.
Johnson & Johnson settles Ohio lawsuits to avoid federal trial
Johnson & Johnson said on Tuesday it will pay $20.4 million to settle claims by two Ohio counties, allowing the U.S. healthcare giant to avoid an upcoming federal trial seeking to hold the industry responsible for the nation’s opioid epidemic.
Oil recovers ground after U.S. data shows crude stock build
Oil rebounded from several days of declining values after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the United States that have depressed global stock markets.
