U.S. Congress won’t support military intervention in Venezuela: Engel
Congress will not support U.S. military intervention in Venezuela despite comments hinting at such involvement by President Donald Trump, the Democratic chairman of the House Foreign Affairs Committee said on Wednesday.
India’s IndiGo to cut number of flights in February, March
India’s IndiGo Airlines, the country’s largest domestic carrier, said on Wednesday it would cut the number of flights it operates by 2 percent in February due to bad weather.
Bain, Carlyle in bid talks with German lightmaker Osram
Bain Capital and Carlyle Group are considering a joint offer for Osram, the German lighting group which has been the subject of bid speculation said on Wednesday.
Oil gains on Saudi output cuts; rally limited by U.S. output
Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day’s gains.
T-Mobile CEO defends Sprint deal in Congress
T-Mobile US Inc Chief Executive John Legere defended his company’s $26 billion deal to buy rival wireless carrier Sprint Corp in Congress on Wednesday, stressing the jobs it will create and how it will benefit construction of the next generation of wir…
Flexport in talks to raise $500 million in SoftBank-led deal: Axios
Freight logistics provider Flexport Inc is in talks to raise around $500 million in a deal led by SoftBank Group Corp, news website Axios reported on Wednesday citing sources familiar with the matter.
Nestle set to sell first Starbucks coffee under $7.15 billion deal
Nestle will sell Starbucks-branded coffee at grocery stores and online in Europe, Asia and Latin America from this month as it seeks to increase its lead over rivals such as JAB.
Slim’s America Movil applies for license to offer pay TV in Mexico
America Movil will spend $8.5 billion on capital expenditures in 2019, the company’s executives said on a call with investors on Wednesday, as the firm makes another bid to offer television in Mexico after a long prohibition.
Fed’s Mester sees limited inflation risk from rising wages
Cleveland Federal Reserve President Loretta Mester sounded a moderate tone about the effect of rising wages on inflation on Wednesday, underscoring the Fed’s pivot to a wait-and-see approach on rate hikes.
Wall Street rises on U.S.-China trade deal hopes
U.S. stocks extended a rally from the prior session on Wednesday, powered by rising expectations that the United States and China could strike a deal during their ongoing trade talks, with benign inflation data also lifting sentiment.
