U.S. sends 70 questions to WTO about China’s subsidies
The United States has accused China of hiding some trade-distorting subsidy programs from international scrutiny while disclosing others it does not need to, according to a document circulated on Wednesday at the World Trade Organization.
Stocks steady before Fed as Apple relief offsets Brexit complications
World stocks and the dollar steadied on Wednesday ahead of policy guidance from the U.S. Federal Reserve, with Apple results providing relief while market confidence that a no-deal Brexit can be avoided took a hit.
AT&T misses fourth-quarter phone subscriber estimates
AT&T Inc on Wednesday missed fourth-quarter Wall Street estimates for net new wireless subscribers who pay a monthly bill, as the company struggled to attract customers in a saturated U.S. phone market.
Alibaba revenue grows at weakest pace in three years as slowing China bites
E-commerce giant Alibaba Group Holding Ltd’s quarterly revenue grew at its weakest pace in three years, as the impact of a slowing China and a crippling Sino-U.S. trade war kept buyers away during its top-sale season.
Petrobras says deal to sell Pasadena refinery to Chevron nearly done
Brazil’s state-run oil company Petroleo Brasileiro SA said on Wednesday that its negotiations with Chevron Corp to sell its Pasadena refinery are nearly done, and the deal will be discussed by its board this Wednesday.
Exclusive: U.S. regulator drops fine against Citi over fair-lending claims – sources
A top U.S. bank regulator has decided not to fine Citigroup for discriminating against minority mortgage borrowers, dropping the public rebuke that some officials had sought, two people familiar with the matter told Reuters.
Siemens makes last ditch appeal for EU to approve rail merger
Siemens has made a last gasp appeal to European antitrust authorities not to be “backward-looking technocrats” and approve its planned rail merger with France’s Alstom.
Siemens ‘unlikely’ to make second attempt to get EU approval for Alstom merger
Siemens is “unlikely” to make a renewed attempt to win European Union approval for its planned merger of rail businesses with Alstom’s should the current attempt fail, Siemens managing board member Roland Busch said on Wednesday.
Israel, Intel agree to reciprocal spending deal: ministry
Intel Corp has committed to buy 15 billion shekels ($4 billion) of Israeli products and services over the next six years as it begins a massive expansion of its local operations, Israel’s economy ministry said on Wednesday.
Oil prices steady, torn between Venezuela sanctions and gloomy economy
Oil prices held steady on Wednesday, boosted by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a bleak outlook for the global economy.
