Wall Street slides on rising tensions ahead of pivotal trade talks
U.S. stocks tumbled on Thursday, with focus on a high-stakes meeting between the United States and China that could decide the fate of a long-awaited trade deal, even as additional tariffs on Chinese goods loomed.
U.S. March wholesale inventories revised down
U.S. wholesale inventories were a bit weaker than initially thought in March as sales increased by the most in 10 months.
Reckitt chairman aims for swift decision on CEO succession
Reckitt Benckiser is working to resolve both its search for a new chief executive and its position relating to U.S. charges of wrongdoing at a former business, its chairman told investors at its annual general meeting on Thursday.
OPEC in the dark on oil supply as Russia, Iran cut exports
OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to fears of a price crash, sources in the organization said.
Wall Street to open lower as tensions escalate ahead of trade talks
Wall Street was set to open lower on Thursday, with focus on a high-stakes meeting between the United States and China that could decide the fate of a long-awaited trade deal, even as additional tariffs on Chinese goods loomed.
Chevron drops $33 billion pursuit of Anadarko, hands win to Occidental
Chevron Corp abandoned its pursuit of Anadarko Petroleum Corp on Thursday, outmaneuvered by a higher rival bid of $38 billion that included more than three times as much cash.
Tata Motors says no truth in speculation of Jaguar Land Rover sale
India’s Tata Motors said on Thursday there was no truth to a report saying a sale of Jaguar Land Rover to French automotive group PSA could be imminent.
Facebook co-founder says it is time to break up the company
Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes has called for the break up of the social network in an opinion piece in the New York Times.
How Total’s CEO pounced on Anadarko’s African energy assets
It took Total’s chief executive and a small group of advisers just days to line up the French energy major’s biggest acquisition in almost two decades when it agreed to buy the African assets of U.S. firm Anadarko.
UAE’s aviation authority says timing of lifting of Boeing 737 MAX ban still unknown
The United Arab Emirates’ civil aviation authority said on Thursday it is unable to specify when the ban on the grounded Boeing 737 MAX will be lifted, state news agency WAM reported.
