Oil prices rise as OPEC resists Trump pressure to ease supply cuts
Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.
Asia shares inch up, dollar near three-week low after Powell comments
Asian shares inched towards a five-month high on Wednesday and the dollar hovered near a three-week low after Federal Reserve Chairman Jerome Powell reinforced the U.S. central bank’s shift to a more “patient” approach on policy in the face of a slowin…
U.S.-China trade: tariff and non-tariff barriers
U.S. President Donald Trump said this week he may soon sign a deal with Chinese President Xi Jinping to end a trade war blamed for slowing global economic growth and disrupting markets.
Lockheed expects F-35 flying costs will take time to come down: executive
Lockheed Martin Corp expects it will take around 15 to 20 years to bring the cost per flight hour of the F-35 below fourth-generation fighter jets such as the F-16, the head of the F-35 program said on Wednesday.
Asia shares tick up, dollar near three-week low after Powell comments
Asian shares edged higher on Wednesday and the dollar fell to a three-week low after Federal Reserve Chairman Jerome Powell reinforced the U.S. central bank’s recent shift toward a more “patient” approach on policy in the face of a slowing economy.
Hyundai rejects Elliott’s payout call, shares rise ahead of showdown meeting
Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board members, complicating efforts to revamp South Korea’s second-biggest conglomerate.
Oil rises on OPEC-led supply cuts, report of falling U.S. crude inventories
Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.
Nevada regulators fine Wynn Resorts $20 million in settlement
Nevada casino regulators said on Tuesday they had fined Wynn Resorts Ltd $20 million in a settlement with the company involving misconduct claims against former chief executive Steve Wynn.
Papa John’s gives upbeat full-year forecast after rocky 2018, shares rise
Papa John’s International Inc forecast better-than-feared North American same-store sales on Tuesday, as the U.S. pizza chain’s investments on rebranding following its months-long spat with founder John Schnatter pay off.
Boeing unveils unmanned combat jet developed in Australia
Boeing Co on Wednesday unveiled an unmanned, fighter-like jet developed in Australia and designed to fly alongside crewed aircraft in combat for a fraction of the cost.
