Oil edges down as U.S. supplies, economic worries eclipse Venezuela turmoil
Oil prices fell slightly on Friday as concerns about U.S.-China trade talks and fresh data on surging U.S. fuel stocks sent a chill through markets.
Nestle chairman defends long-term strategy in face of shareholder activist
Nestle SA chairman Paul Bulcke said on Friday he would not pursue short-term efforts at the expense of long-term success, in the face of scrutiny from shareholder activists who know how to “pressure-point you and tease.”
Exclusive: Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout
Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar with the matter told Reuters.
U.S. bank trade group, Accenture and others back fintech startup Finxact
Accenture Plc, SunTrust Banks Inc and the American Bankers Association, a trade group for U.S. banks, said on Friday that they had joined a $30 million investment round in Finxact, a startup that develops the back-end technology used by banks to proc…
U.S. fund managers play defense during shutdown
U.S. fund managers are retreating from consumer-related stocks and increasing exposure to loan-focused companies as investors worry the U.S. government shutdown – now the longest in U.S. history – may leave some deep scars on the economy.
Market rout overshadows business growth for U.S. life insurers
U.S. life insurers are expected to report messy fourth-quarter results starting next week, with their massive investment portfolios getting hit by tumultuous markets.
D.R. Horton quarterly profit misses on higher home prices
U.S. homebuilder D.R. Horton Inc missed analysts’ estimates for first-quarter profit on Friday, as higher home prices made buyers delay purchases.
Deutsche Bank board members not pushing for Commerzbank tie-up: union
There is no desire among Deutsche Bank’s supervisory board members for a merger with rival Commerzbank in the near-term, a Deutsche board member said.
Alibaba slams U.S. treatment of Huawei, efforts to curb China’s rise
A senior Alibaba executive slammed the United States’ treatment of China’s Huawei Technologies as “extremely unfair”, saying measures by the country to curb the firm’s access to their markets was “very politically motivated”.
Exclusive: Hindu group RSS urges India’s Modi to resist U.S. push to ease e-commerce curbs
A Hindu nationalist group close to Prime Minister Narendra Modi’s party has urged him to resist pressure from the United States and not defer new regulations for the e-commerce sector, according to a letter seen by Reuters.
