Oil prices resume fall, shed last session’s gains
Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy.
Stocks slump as Fed’s outlook on rates disappoints
Asian shares slid on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes over the next two years, dashing investor hopes for a more dovish policy outlook.
Novartis appoints Susanne Schaffert to lead oncology business
Novartis said it appointed company veteran Susanne Schaffert to lead its oncology unit from Jan. 1, replacing Liz Barrett who is stepping down to return to the United States.
Trump tariff war with China sends U.S. retailers on buying binge
In the nearly 40 years she has spent in trade, Amy Magnus has never seen retailers hoarding so much inventory.
Bombardier delivers Global 7500 jet as corporate travel race intensifies
Canada’s Bombardier Inc will deliver its first Global 7500 corporate jet on Thursday, premiering a full-sized bed and optional en-suite shower, in a challenge to U.S. planemaker Gulfstream at the top of the luxury jet market.
Stocks tumble as Fed’s outlook on rates disappoints
Asian shares slid on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next two years, dashing investor hopes for a more dovish policy outlook.
Tokyo court decides not to extend Ghosn’s detention, may release soon
A Tokyo court on Thursday unexpectedly decided not to extend the detention of Nissan Motor Co’s ousted chairman, Carlos Ghosn, meaning he may soon be released from jail where he has been confined since his arrest for alleged financial misconduct.
Tokyo court does not extend Ghosn’s detention, may soon release him
A Tokyo court said on Thursday it decided not to extend the detention of Nissan Motor Co Ltd’s ousted chairman, Carlos Ghosn, meaning he may soon be released from jail where he has been confined since his arrest for alleged financial misconduct.
China bike-sharing firm Ofo faces ‘immense’ cash crunch, CEO vows to battle on
Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd , is battling “immense” cash flow problems and disbanding the firm has been considered as an option, its chief executive said in a letter to employees.
Oil prices resume drop, shed most of last session’s gains
Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy.
