Malaysia fines Deloitte for breaches linked to 1MDB
Malaysia’s securities regulator on Wednesday said they had fined Deloitte for committing four breaches related to a 2.4 billion ringgit ($584.7 million) sukuk program issued by a firm linked to scandal-tainted state fund 1MDB.
Oil edges up on Venezuela sanctions, but economic outlook weighs
Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed pressure from a darkening outlook for the global economy.
Asian shares steady on Apple relief as investors eye Fed, U.S.-China talks
Asian equities steadied on Wednesday as investors awaited Federal Reserve policy guidance and the outcome of high level trade talks between the United States and China, while drawing relief from Apple Inc’s earnings.
Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant
Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originall…
Undeterred by Sanofi’s stumble, Takeda takes similar path with dengue shot
A new vaccine for the dengue virus is taking a potentially risky road to prevent the mosquito-borne disease that infects nearly 400 million people each year.
Trade wars: We’re next, European investors fear
While global markets would hail a U.S.-China trade deal, fears are growing that the European Union could be the fall guy in any breakthrough, which would allow Donald Trump to turn his attention to German cars or French luxury wines.
Fed likely to hold rates steady as it navigates data blind spots
In the six weeks since a confident U.S. Federal Reserve raised interest rates in response to a “strong” U.S. economy, consumer confidence dropped, wholesale prices weakened, financial markets wobbled and home sales fell.
Oil rises as traders expect Venezuelan supply disruptions amid U.S. sanctions
Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed downward pressure from a darkening outlook for the global economy.
Chinese EV carmaker NIO aims to raise $650 million with convertible bond
Electric carmaker NIO Inc, among rivals to Tesla in China, launched a $650 million convertible bond on Wednesday, four months after it listed in New York.
Nissan CEO eyes first talks with new Renault chairman on Thursday: NHK
Nissan Motor Co Ltd Chief Executive Hiroto Saikawa is aiming to hold his first face-to-face discussion with new Renault SA Chairman Jean-Dominique Senard on the sidelines of an alliance meeting in the Netherlands on Thursday, NHK reported.
