Oil edges higher on U.S. inventory decline, escalating Mideast tensions
Oil prices edged higher on Wednesday, extending gains as rising tensions with Iran fueled concerns about supply disruptions and as U.S. inventory data showed a much bigger than expected drop in crude stockpiles.
Asia stocks welcome trade talks, euro on defensive
Asian shares on Wednesday gave a guarded welcome to hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank’s coming policy meeting.
Japan’s Nissan to double global job cuts to over 10,000: source
Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, as profit continues to plunge while the automaker grapples with management upheaval.
Oil prices gain on U.S. inventory drop, Middle East tensions
Oil prices rose on Wednesday, extending gains after an industry group reported a much bigger than expected drop in U.S. inventories, while the U.S. Navy said it may have downed a second Iranian drone last week.
WeWork looking to go public as early as September: source
Shared office space manager WeWork is looking to go public as soon as September, earlier than previously expected, a person familiar with the matter told Reuters on Tuesday.
Nissan plans to cut over 10,000 jobs globally: source
Nissan Motor Co Ltd is planning to cut more than 10,000 jobs globally to help turn around its business, a source said on Wednesday, showing a tough road ahead for the automaker which is also reeling from the ouster of former Chairman Carlos Ghosn.
Asia stocks cautious on trade talks; euro under pressure
Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank’s coming policy meeting.
Texas Instruments quarterly beat soothes demand jitters, shares up 6%
Texas Instruments Inc provided some relief that a global slowdown in microchip demand would not be as long as feared, posting quarterly profit and revenue that beat Wall Street estimates on Tuesday.
China’s credit push to small firms falters in factory heartland
China’s campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks’ reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills.
UPS adding Sunday delivery next year, joining rival FedEx
United Parcel Service Inc next year will join rival FedEx Corp in adding Sunday delivery services, efforts viewed as bids to fend off customer-turned-competitor Amazon.com Inc .
