Former Barclays chairman ‘not aware’ of Qatar fee document, court told
Barclays’ former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari investors in the British bank four years after the payment was agreed.
CVS Health’s full-year profit forecast misses estimates
CVS Health Corp forecast full-year profit well below Wall Street estimates on Wednesday due to weakness in its long-term healthcare services business, sending its shares down 5 percent.
Stock futures flat as investors assess U.S.-China trade talks
U.S. stock index futures were subdued on Wednesday after a handful of downbeat earnings reports and as investors weighed the latest developments in trade talks between the United States and China.
Airbus says A320neo India deliveries back on track
European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet’s Pratt & Whitney engines, a senior company executive said on Wednesday.
British PM May says Honda plant closure can’t be blamed on Brexit
British Prime Minister Theresa May said Honda’s announcement that it would close its factory in England in 2021 was deeply disappointing, but could not be blamed on the country’s upcoming departure from the European Union.
VW South Africa targets record production in 2019: official
German carmaker Volkswagen’s South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with union members, its managing director said.
Southwest cuts unit revenue outlook on government shutdown
Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit from the longest partial U.S. government shutdown in history.
Exclusive: Kinder Morgan to expand Chicago ethanol hub to calm price manipulation concerns – sources
Kinder Morgan Inc will expand loading capacity at its ethanol terminal in Chicago to address producer concerns that trade at the terminal – a benchmark for global ethanol prices – is vulnerable to manipulation, three people briefed on the company’s pla…
Sainsbury’s-Asda deal in jeopardy as UK regulator condemns plan
Britain’s competition regulator has dealt a potentially fatal blow to Sainsbury’s planned $9.5 billion takeover of Walmart’s Asda, saying the supermarket groups are unlikely to be able to address its “extensive” concerns about the deal.
French court ruling due in UBS $6 billion tax case
A French court will rule on Wednesday whether UBS, Switzerland’s largest bank, helped wealthy French clients evade taxes between 2004 and 2012 and launder the proceeds.
