World stocks ride out May’s Brexit defeat, pound steadies
World equity markets on Wednesday rode out the heavy parliamentary defeat for British Prime Minister Theresa May’s Brexit deal, as investors saw potential for legislative deadlock to force London to delay its departure from the EU.
Salesforce in talks to buy ClickSoftware for $1.5 billion: report
Salesforce.com is in talks to acquire U.S.-Israeli software developer ClickSoftware Technologies for around $1.5 billion, the Calcalist financial news website reported on Wednesday.
Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources
Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the …
Oil firm as supply cuts point to tighter market despite weakening economy
Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown.
BOJ to cut price forecasts, keep rosy economic view: sources
The Bank of Japan is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious 2 percent target.
Global shares weather May’s Brexit debacle, pound steadies
Global share markets and the sterling weathered a UK political storm as investors wagered that London will have no choice but to delay its Brexit deadline to avoid a disorderly exit from the European Union.
GM’s Washington charm offensive sidelined by Wall Street’s push for profit
General Motors code named its November announcement to cut nearly 15,000 jobs in North America and restructure itself “Turbo,” suggesting a leaner approach for the largest U.S. automaker would “accelerate its transformation.”
On the autofarm: China turns to driverless tractors, combines to overhaul agriculture
A brand new combine harvester buzzes up and down a field in eastern China without a driver on board, chopping golden rice stalks and offering a glimpse of what authorities say is the automated future of the nation’s mammoth agricultural sector.
Ford and IBM among quartet in Congo cobalt blockchain project
Carmaker Ford , technology giant IBM , South Korean cathode maker LG Chem and China’s Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo.
Oil dips on global economic slowdown, but OPEC-led cuts provide support
Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel.
