Qatar, China, Japan sought ‘extras’ after Barclays 2008 fundraising: court
Qatari, Chinese and Japanese investors all sought “extras” from Barclays as the British bank raised billions of pounds at the height of the credit crisis in 2008, a landmark London criminal trial heard on Wednesday.
Exclusive: Exxon adds veteran oil traders in Houston as it bulks up trading: sources
Exxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Paradise in Houston, as the oil major further boosts its trading capabilities, sources familiar with the matter told Reuters on Wednesday.
Qatar Airways suspended some destinations planned for Africa after Gulf boycott
Qatar Airways said on Wednesday that it had decided not to go ahead with routes to some planned destinations following a Gulf boycott, particularly in West and Central Africa, the company said in a Twitter post.
U.S., China trade talks still need heavy work to reach deal: Lighthizer
The United States and China still have hard work ahead to reach a trade deal to end a dispute that U.S. Trade Representative Robert Lighthizer told a Congressional hearing on Wednesday was the “most severe” Washington trade policy makers had faced.
Wall St. falls after Lighthizer’s comments on trade talks
Wall Street’s main indexes extended losses on Wednesday after U.S. trade representative Robert Lighthizer said the country’s issues with China were “too serious” to be resolved by promises of more purchases of U.S. goods by Beijing.
U.S. aims to combat Chinese currency manipulation in trade deal: Lighthizer
The United States is seeking to prevent China from competitively devaluing its currency as part of ongoing trade talks between the countries, following past manipulations of the yuan, U.S. Trade Representative Robert Lighthizer said on Wednesday.
Air France-KLM shares slump on surprise Dutch stake buy
Shares in Air France-KLM fell sharply as the Dutch government amassed a 14 percent stake in the airline to counter French influence, in a surprise move highlighting tensions over the company’s strategic direction.
Disney agrees to sell Fox Sports in Brazil to win antitrust nod
Walt Disney Co accepted a demand by Brazil’s antitrust regulator CADE that it sell local rights for the Fox Sports channel to win approval of its takeover of Twenty-First Century Fox Inc, the regulator said on Wednesday.
Exclusive: J.C. Penney pulls plug on clothing subscription service
J.C. Penney Co Inc on Friday will end a clothing subscription service venture, the retailer said this week, a move toward sharpening its focus on more-profitable apparel sales and exiting lines like major appliances.
Lowe’s predicts more home renovations this year after strong profit
U.S. home improvement chain Lowe’s beat Wall Street earnings forecasts on Wednesday, and predicted that more Americans would renovate their houses this year rather than buy a home in a market where prices are rising.
