Oil slumps 4 percent to lowest in a year as stock markets sink
Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.
Embraer to pay out $1.6-1.7 billion in extraordinary dividends: paper
Brazilian planemaker Embraer SA is planning to distribute $1.6 billion to $1.7 billion in extraordinary dividends to shareholders, using proceeds from its recent deal with Boeing Co , the Valor Econômico newspaper reported on Thursday.
Tokyo prosecutors appeal after court decides against extending Ghosn detention
Tokyo prosecutors have appealed a court decision that prevents further detention of Carlos Ghosn, a surprise ruling which could free the ousted chairman of Nissan Motor Co Ltd for the first time since his arrest for alleged financial misconduct.
Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit
Sweden’s AB Volvo has triggered its hard Brexit contingency plans, with the truckmaker building “safety stock” with its British dealers and considering alternative shipping routes to minimize disruption.
World stocks slide as Fed aggravates recession fears
World equity markets slumped on Thursday after the U.S. Federal Reserve dashed investor hopes of a more dovish policy outlook even as signs grow that global economic growth is stuttering.
Ten years on, Belgium drops case against Fortis ex-directors
Belgian prosecutors have dropped their case against former directors of Fortis, 10 years after the Belgian-Dutch bank’s collapse during the global financial crisis.
Oil slumps 3 percent, near lowest in a year as stock markets sink
Oil prices fell about 3 percent on Thursday, heading back towards their lowest levels for more than a year on worries about oversupply and the outlook for energy demand as stock markets tumbled following a U.S. interest rate rise.
Tokyo court decides against extending Ghosn’s detention
In an unexpected move on Thursday, a Tokyo court decided not to extend the detention of ousted Nissan Motor Co chairman Carlos Ghosn, meaning he may soon be released from jail where he has been since his arrest for alleged financial misconduct.
China says more trade talks with U.S. planned for January
China and the United States will hold more talks on trade in January, China said on Thursday, following detailed discussions about the issues to be tacked in the negotiations.
Aluminum plunges, Rusal shares soar as U.S. to lift sanctions
The U.S. Treasury said it will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminum giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea.
