Aramco bonds’ modest gains suggest demand was inflated: sources
Saudi Aramco’s debut $12 billion bonds booked at best modest gains on Wednesday, their first trading day after some $100 billion in orders, suggesting part of the record-breaking demand was inflated, three banking and investment sources said.
Delta lifts 2019 revenue forecast after quarterly beat
Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express.
Wall Street edges higher at open, Fed minutes awaited
U.S. stocks opened slightly higher Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve’s latest meeting and the start of the corporate earnings season.
Rising gasoline, rents boost U.S. consumer prices in March
U.S. consumer prices increased by the most in 14 months in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth.
Germany’s Scholz: Must avoid escalation in EU-U.S. trade dispute
German Finance Minister Olaf Scholz has said financial leaders must use talks in Washington this week to avoid any escalation in trade disputes as political risks pose the biggest threat to a slowing world economy.
Exclusive: U.S. lawmakers introduce bill to boost electric car tax credits
A bipartisan group of U.S. lawmakers will introduce legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to General Motors Co and Tesla Inc before the existing cre…
AT&T not planning to sell HBO Europe: WarnerMedia CEO
WarnerMedia Chief Executive John Stankey denied a report on Wednesday that parent company AT&T was considering selling its HBO Europe business, calling it “baseless and inaccurate”.
Airbus proposes Rene Obermann as next chairman from 2020
European planemaker Airbus said it would propose former Deutsche Telekom chief Rene Obermann as its next chairman starting from 2020, completing the shift to what current chairman Denis Ranque called a “new generation of management”.
Freenet helps block advance authorization for Sunrise capital hike
Sunrise Communications’ top shareholder, Freenet, on Wednesday blocked plans to authorize a potential capital increase, flexing its muscles as Sunrise seeks to buy Liberty Global’s Swiss business.
Ford names company veterans to lead auto, mobility units
Ford Motor Co on Wednesday named two company veterans to lead its auto and mobility businesses as the No.2 U.S. automaker shifts its focus to autonomous vehicles and realigns its automobile portfolio.
