Oil rises after Saudi output pledge, declining U.S. inventories
Oil prices rose on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, and after an industry group reported a surprise decline in U.S. oil inventories.
Global stocks greet sign of trade truce extension with glee
Investors hungry for progress on resolving a U.S.-China trade war seized on U.S. President Donald Trump’s comment that he could let a March 1 deadline for a deal with China “slide”, taking this as a cue to buy stocks and sell bonds on Wednesday.
Stock futures gain on trade optimism; inflation data eyed
U.S. stock index futures rose on Wednesday, driven by optimism over the ongoing U.S.-China trade talks, and as investors awaited the latest inflation data.
Exclusive: BT executives knew of accounting fraud in Italy unit – prosecutors
A preliminary criminal investigation into an accounting scandal at the Italian unit of British telecom firm BT has alleged that three top executives of the group were aware of bookkeeping fraud at the unit, according to a document prepared by Italian p…
Mnuchin says trade talks in China are ‘so far, so good’
U.S. Treasury Secretary Steven Mnuchin said on Wednesday trade talks with China are progressing well, as the world’s two largest economies try to iron out an agreement to resolve their trade dispute.
Investors taking stock of whether AIG will hit profit target
As American International Group Inc reports its fourth-quarter results on Wednesday, investors will be looking to see if the insurer is closing in on an elusive profit target.
Lampert reveals plans for Sears after bankruptcy: WSJ
Sears Holdings Corp will sell or sublease some of the 425 stores of the retail chain and open smaller stores with more focus on tools and appliances than on apparel, said Chairman Edward Lampert in an interview with the Wall Street Journal.
Thyssenkrupp employees will not support Tata JV at any price
Labor leaders, who hold half the seats on Thyssenkrupp’s supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said.
Dish reports 5 percent drop in quarterly revenue
Dish Network Corp on Wednesday reported a nearly 5 percent drop in quarterly revenue, as the U.S. satellite TV service provider lost more-than-expected pay-TV subscribers.
Hilton profit beats on higher room rates
Hotel operator Hilton Worldwide Holdings Inc reported a better-than-expected quarterly profit on Wednesday, as healthy travel demand helped it boost room prices.
