Libya’s government says El Sharara oilfield reopened after PM’s visit
Libya’s government of national accord said on Wednesday El Sharara oilfield had reopened following the visit of Libya’s internationally recognized Prime Minister Fayez al-Sarraj to the field.
Global stocks dip after Fed decision
Global equity markets gave up earlier gains on Wednesday after the U.S. Federal Reserve announced another interest rate hike and said “some” further rate hikes would be necessary in the year ahead.
Shell forms joint venture to produce offshore wind energy in New Jersey
EDF Renewables North America said on Wednesday it had formed a joint venture with oil and gas firm Royal Dutch Shell plc’s new energies division to co-develop a lease area for offshore wind energy in New Jersey.
S&P 500 pares gains, Nasdaq turns negative after Fed statement
U.S. stocks pared gains on Wednesday, with the Nasdaq index turning negative, after the Federal Reserve raised interest rates but forecast fewer rate hikes for 2019.
Another technical tweak as Fed wrestles to control policy rate
The U.S. Federal Reserve continued its quiet battle to keep a firm grip on its policy rate on Wednesday by again narrowing the gap between the effective ceiling and floor that keeps it contained.
U.S. to lift sanctions on Oleg Deripaska’s Rusal and En+ in 30 days
The U.S. Treasury will lift sanctions on aluminum giant Rusal , its parent company En+ , and another firm tied to Russian businessman Oleg Deripaska, it said in a statement on Wednesday.
Altria nears Juul stake deal, valuing it at $38 billion: sources
Marlboro cigarette maker Altria Group Inc is nearing an agreement to buy more than a third of Juul Labs Inc, valuing the e-cigarette startup at $38 billion, people familiar with the matter said on Wednesday.
Facebook sued by Washington, D.C., over data breach accusations
The attorney general for Washington, D.C., said on Wednesday the U.S. capital city had sued Facebook Inc for allegedly misleading users about how it safeguarded their personal data, in the latest fallout from the Cambridge Analytica scandal.
U.S. Congress will not pass self-driving car bill in 2018: aides
The U.S. Congress will not vote on a bill to speed the introduction of self-driving cars before it adjourns for the year, a blow to companies like General Motors Co and Alphabet Inc’s Waymo unit, congressional aides said on Wednesday.
J&J loses bid to have $4.7 billion talc verdict set aside, vows to appeal
Johnson & Johnson failed to persuade a Missouri trial judge to set aside a July verdict awarding a record $4.69 billion to 22 women who blamed their ovarian cancer on asbestos in the company’s Baby Powder and other talc products.
