Wall Street slides as trade tensions fuel growth fears
Wall Street’s main indexes hit a near three-month low on Wednesday, as growing fears of a protracted trade war between the United States and China sent investors scurrying for the safety of government bonds.
Shell pledges to reveal the taxes it pays in every country
Oil and gas giant Royal Dutch Shell PLC will disclose how much tax it pays in every country in which it operates, an executive told a Dutch parliamentary panel on Wednesday, in a report to be published later this year.
Exxon shareholders reject splitting CEO, board chair roles
Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have split the roles of the chief executive officer and board chairman at the largest publicly traded oil producer.
Outside of Tesla, future EV sales in U.S. may be thin for most brands: study
U.S. demand for electric vehicles, including hybrids, could rise to 1.28 million by 2026, a new study projected on Wednesday, but most brands will struggle to make money on the new models.
Nissan CEO sees no big downside to FCA-Renault merger
Nissan sees no major downside to partnering with a combined Renault and Fiat Chrysler (FCA), it said on Wednesday in a lukewarm endorsement of the proposed $35 billion tie-up, which would complicate an already uneasy alliance.
Overdose victim’s father testifies in Oklahoma opioid trial of J&J
The father of a university football player who died of a drug overdose provided emotional testimony about the personal cost of the nationwide opioid epidemic on Wednesday during the second day of trial in a lawsuit by the state of Oklahoma accusing drugmaker Johnson & Johnson of fueling the crisis.
Don’t see particularly negative aspects in Renault deal: Nissan CEO
Nissan Motor Co doesn’t see any particularly negative aspects for it in a possible merger of alliance partner Renault with Fiat Chrysler, the chief executive of the Japanese automaker said on Wednesday.
U.S. exchanges must face renewed high-frequency trading claims: judge
A Manhattan federal judge has ordered seven U.S. stock exchanges to face proposed class-action claims that they defrauded ordinary investors by quietly enabling high-frequency traders to trade faster and at better prices.
Stocks drop, bond prices rally as trade tensions fan growth fears
Fears that an escalating trade war between the U.S. and China will slash global economic growth pulled world stock markets down to near two-and-a-half-month lows on Wednesday and continued to feed a rally in safe-haven government bonds.
Japanese partners not left in the dark on Renault talks with FCA, Mitsubishi says
The Japanese partners of Renault SA have not been left in the dark by the automaker over its merger talks with Fiat Chrysler, the chairman of Mitsubishi Motors Corp said on Wednesday.
