Factbox: Where’s the fit? Sensor specialist AMS eyes lighting group Osram
Austrian sensor specialist AMS plans to buy Osram Licht in a deal that would value the bigger, German group at 4.3 billion euros ($4.8 billion).
Ford extends warranties on 560,000 Focus, Fiesta models
Ford Motor Co said on Wednesday it was extending warranties on clutch and related hardware in 560,000 Focus and Fiesta cars in the United States and Canada after reports of problems with their six-speed transmission.
Trump sees Fed rather than trade war as source of market turmoil
With global markets flashing concern about the fallout from the U.S.-China trade war and the near-term strength of the American economy, U.S. President Donald Trump on Wednesday targeted Federal Reserve policy as the culprit for recent market turmoil.
U.S. yield curve inverts for first time in 12 years, flags recession
The U.S. Treasury yield curve inverted on Wednesday for the first time since June 2007, in a sign of investor concern that the world’s biggest economy could be heading for recession.
Exclusive: China curbs gold imports as trade war heats up
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
Wall Street tumbles on growing recession fears
Wall Street main indexes slumped more than 2.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China.
No concessions from China as Trump postpones some tariffs: U.S. officials
China made no concessions to the United States after President Donald Trump postponed threatened tariffs on some Chinese imports until mid-December, senior U.S. officials said on Wednesday, adding that talks aimed at resolving the trade fight would con…
China requests removal of additional tariffs as per Osaka consensus: Global Times editor in chief
China is asking that it and the United States remove all additional tariffs in line with a consensus reached between the two sides in Osaka, Japan, at the G20 summit at the end of June, the editor in chief of China’s Global Times newspaper wrote on Wed…
WeWork to test IPO investor appetite with widening losses
WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month.
Oil tumbles 5% on weak global economic data, U.S. crude build
Oil prices sank roughly 5% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.
