Stocks recede from two-month highs; Aussie dollar dives
The Australian dollar tumbled on Wednesday after its central bank signaled a possible interest-rate cut in the latest indication a global economic slowdown is tilting policymakers toward looser monetary policy, while a gauge of world equity markets edg…
Factbox: Franco-German mergers: a difficult history
Berlin and Paris are working to change European competition rules to facilitate large cross-border mergers, after the European Union blocked Siemens and Alstom from merging their rail businesses on Wednesday.
Wall Street dips as gloomy forecasts weigh on sentiment
The three main U.S. indexes retreated slightly on Wednesday from two-month highs, as videogame makers reported disappointing revenue forecasts, while investors waited for more clarity on U.S.-China trade developments.
French Senate rejects tougher telecoms controls despite U.S. Huawei warning
The French Senate rejected on Wednesday proposed legislation aimed at toughening checks on telecoms equipment, following a U.S. warning about Chinese telecoms giant Huawei.
Winter storms, U.S. shutdown boost demand for private jets
Harsh winter weather and the partial U.S. government shutdown boosted demand for private jets in January, according to three business aviation companies that recently reported an uptick last month in deep-pocketed travelers seeking alternatives to comm…
Alstom, Bombardier stocks rise after EU blocks Siemens deal
The European Commission’s decision to block a tie-up between Alstom and Germany’s Siemens is fueling speculation about potential merger talks between France’s Alstom and Canada’s Bombardier, lifting both companies’ shares on Wednesday.
High-margin pickup trucks drive GM profit, shares rise
General Motors Co on Wednesday reported a quarterly profit that exceeded Wall Street expectations, thanks to high-margin pickup trucks and small SUVs in the U.S. market and cost cutting.
Downbeat earnings push Wall Street lower
Wall Street dipped on Wednesday as disappointing forecasts from videogame makers pulled the communications sector lower, but a boost from technology companies kept the main indexes near two-month highs.
Daimler cuts dividend as downturn, R&D costs hit Mercedes
Daimler cut its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn that has dented even the most profitable carmakers.
Carlyle expects 26 percent jump in 2019 fee earnings
Private equity firm Carlyle Group LP said on Wednesday it expects to grow the amount it earns from management fees by more than a quarter in 2019, as it wraps up a $100 billion fundraising push.
