Global stocks extend losses after U.S. trade rep comments; oil jumps
Global stock indexes fell on Wednesday after U.S. Trade Representative Robert Lighthizer said it was too early to predict an outcome in U.S.-China trade talks, while oil prices rallied after inventory data.
Air France-KLM shares slump after Dutch government steps in
Shares in Air France-KLM fell sharply on Wednesday after the Dutch government said it would take a 14 percent stake in the airline, highlighting tensions between France and the Netherlands over control of the company.
Qatar Airways suspends some destinations in Africa due to Gulf boycott
Qatar Airways said on Wednesday it is suspending some planned new destinations, especially in West and Central Africa, due to the Gulf boycott, the company said in a Twitter post.
Purchase promises not enough to solve U.S.’s China trade issues: Lighthizer
U.S. issues with China are “too serious” to be resolved with promises from Beijing to purchase more U.S. goods and any deal between the two countries must include a way to ensure commitments are met, U.S. Trade Representative Robert Lighthizer said in …
Air France KLM: will look to ensure new Dutch stake does not impact company
Air France KLM’s board will try and ensure that the stake in the airline taken by the Dutch government will not have a negative impact on the company, the airline said.
French Finance Minister: Dutch move on Air France KLM was ‘incomprehensible’
The Dutch government’s decision to increase its stake in Air France KLM was both “incomprehensible” and unexpected, said French Finance Minister Bruno Le Maire on Wednesday.
Factbox: Dutch state secretively takes 12.7 percent stake in Air France KLM
The Dutch government in recent days has secretively built a 12.68 percent stake in Air France KLM, which it said was needed to protect Dutch interests from growing French dominance in the airline group.
Best Buy shares surge 16 percent on upbeat profit view, robust holiday quarter
Best Buy Co Inc shares surged 16 percent on Wednesday after it gave an upbeat profit forecast for the year and reported better-than-expected holiday-quarter sales.
U.S. goods trade deficit deteriorates; factory orders edge up
The U.S. goods trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter.
Wall Street extends losses after comments from U.S. trade representative
U.S. stocks added to losses on Wednesday after U.S. Trade Representative Robert Lighthizer said U.S. issues with China are “too serious” to be resolved by promises of more purchases of U.S. goods by Beijing.
