Oil prices rise on drop in U.S. crude stocks, refinery outage
Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected.
Fate of opioid litigation hinges on government ‘police power’
The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company use a bankruptcy to stop lawsuits from cities and states?
Volkswagen’s Traton expected to price IPO toward lower end of range: sources
Volkswagen’s truck unit Traton is expected to price its initial public offering (IPO) this week toward the lower end of the marketing range, people close to the matter said.
Swiss ban planemaker Pilatus from operating in Saudi Arabia, UAE
Switzerland has banned planemaker Pilatus from operating in Saudi Arabia and the United Arab Emirates (UAE), saying on Wednesday the company had breached Swiss rules on giving logistical support to foreign armed forces now engaged in a war in Yemen.
U.S. Treasury Secretary says U.S.-China trade deal is 90% done: CNBC
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the trade deal between the United States and China is “about 90%” complete, CNBC reported.
China’s Alibaba aims to double Tmall brands with English portal
Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall marketplace aimed at merchants, in an attempt to double the number of international brands on the platform to 40,000 in the next three years.
Fed’s Powell resists pressure for hefty rate cut, sends global stocks down
Global stocks fell while the dollar rose on Wednesday as comments from U.S. Federal Reserve dampened excitement about an aggressive rate cut as early as July from the world’s most important central bank.
Japan watchdog to recommend $24 million fine for Nissan over Ghosn pay: source
Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting of former Chairman Carlos Ghosn’s compensation, a source said.
Japan financial watchdog mulls fine for Nissan over Ghosn pay issue
Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting of former Chairman Carlos Ghosn’s compensation, a source said.
Oil prices jump on U.S. crude stocks fall, major refinery outage
Oil prices hit their highest level in nearly a month on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected.
