Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans
Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges of involvement in a fraud involving $2 billion in loans to state-owned companies in Mozambique, U.S. prosecutors and British police said.
Instant view: Stocks slammed, Treasury yields fall, yen surges
U.S. stocks plunged on Thursday and 2-year U.S. Treasury yields dropped below the Federal Reserve’s policy rate for the first time in more than a decade, delivering a signal the U.S. central bank could begin reversing its tightening regime before long….
Wall Street plunges as factory data, Apple warning fuel slowdown fears
Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown.
Detroit Three ready for 2019 rumble over lucrative pickup trucks
The battle for profits from sales of large pickup trucks is intensifying among the Detroit Three automakers as sales of small cars in the United States shrivel.
Apple shares dive; rare revenue warning drags global markets
Apple Inc shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors worried the rare stumble was a harbinger for slowing global growth.
Wall Street drops more than 2 percent on slowdown fears
U.S. stocks plunged on Thursday, with the S&P 500 down more than 2 percent, after slowing U.S. factory activity on the heels of a dire revenue warning from Apple fueled fears of a global economic slowdown.
Bristol-Myers to buy Celgene for $74 billion in largest biopharma deal
Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, combining two of the world’s largest cancer drug businesses in the biggest pharmaceutical deal ever.
Petrobras, Brazil government expect to resolve dispute within 100 days: minister
Brazil’s government and state-run oil firm Petroleo Brasileiro SA expect to resolve a dispute over the oil producing zone known as the ‘transfer-of-rights’ area within 100 days, a minister said on Thursday.
Father and son advised on opposite sides of Bristol-Celgene deal
For most U.S. families, the holidays are all about gathering around the fireplace, overeating at festive dinners, and playing the occasional board game. But this year, a father and son were also working on the biggest pharmaceutical acquisition of all …
Oil rises in choppy trade as OPEC supply cuts vie with demand worry
Oil prices rose more than 1 percent on Thursday in volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand.
