Oracle CEO Mark Hurd to take leave on health grounds; misses quarterly revenue
Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a leave of absence due to health-related reasons, and the business software maker posted first-quarter revenue that missed Wall Street expectations.
Hong Kong Exchange faces uphill battle with $39 billion bid for LSE
Hong Kong Exchanges and Clearing Ltd (HKEX) unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles.
Trump’s call for negative rates threatens savers
U.S. President Donald Trump’s push for low interest rates reached a new pitch on Wednesday, when he demanded the Federal Reserve take the extraordinary step of sending them below zero.
ECB to turn stimulus taps back on to prop up ailing economy
The European Central Bank is set to unveil fresh stimulus measures on Thursday to prop up the ailing euro zone economy, but its exact moves are far from certain and a decision that underwhelms markets risks pushing up borrowing costs.
Factbox: Key ECB policymaker comments ahead of Thursday’s rate meeting
The following are key comments by European Central Bank policymakers ahead of the Thursday’s policy meeting, which is expected to approve a fresh stimulus package to prop up growth.
Note to Trump: Negative rates have delivered few positive results
U.S. President Donald Trump tweeted with envy on Wednesday about the ultra-low, even negative interest rates in other parts of the world, berating what he called the “boneheads” at the Federal Reserve for not following suit.
Purdue Pharma reaches tentative opioid settlement with some: sources
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing the settlement offer in bankruptcy proceedings as…
Hong Kong Exchange in $39 bln bid for LSE, rivaling Refinitiv deal
Hong Kong Exchanges and Clearing Ltd (HKEX) made a $39 billion takeover approach to the London Stock Exchange Plc on Wednesday, aiming to create a global trading powerhouse and thwart the latter’s $27 billion acquisition of financial data provider Re…
Trade hopes buoy Wall Street as China extends olive branch
Wall Street moved higher on Wednesday, led by tariff-sensitive technology and industrial stocks after China extended an olive branch ahead of next month’s trade negotiations with the United States.
Stocks buoyed by trade hopes, bond yields up with ECB on deck
A gauge of global equity markets climbed on Wednesday on signs of gradual progress in the trade war between the United States and China, while bond yields rose as investors remained unconvinced what stimulus measures the European Central Bank will prov…
