Oil prices edge up on supply cuts, but weakening economic outlook caps gains
Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains.
Asian shares on defensive, sterling braces for Brexit vote
Asian shares were on back foot on Tuesday as an unexpected drop in China’s exports heightened worries about the global economy while the British pound braced for a showdown in parliament over the government’s Brexit plan.
Weak China trade weighs on stocks; risk-off trade in play
World stock indexes fell on Monday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.
China worries weigh on Wall Street, earnings expectations fall
U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off.
Doing a Buffett? Bet on S&P 500 causes flap on options market
An anonymous trader caused a stir in the U.S. equity options market on Monday with a massive bet that recalled Warren Buffett’s famous wager on global stocks more than a decade ago.
Wall Street falls as China prompts global slowdown worries
U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off.
Airbus steps up pressure on suppliers over Canadian jet
Europe’s Airbus is ratcheting up pressure on suppliers like United Technologies to cut costs for its Canadian-developed A220 jetliner as it expands factory facilities to cope with anticipated demand for the former Bombardier model.
Air Canada would study Airbus, Boeing for transatlantic narrowbody needs
Air Canada is interested in further developing the use of narrowbody aircraft to serve the transatlantic market and would look at both Airbus and Boeing models, a senior executive said.
GM electric vehicle strategy last chance for Cadillac’s success: executive
General Motors Co’s strategy to make its luxury Cadillac marque its lead electric vehicle brand is the automaker’s final opportunity to turn the unit around and make it a success, a top executive said on Monday.
Nissan CEO calls for Renault board to review Ghosn findings
Nissan expects alliance partner Renault’s board to back its ousting of Chairman Carlos Ghosn once it sees evidence from the Japanese carmaker’s investigation, Chief Executive Hiroto Saikawa said in a Monday newspaper interview.
