Futures climb, all eyes on Fed
U.S. stock index futures climbed 0.8 percent on Wednesday, with investors hoping the Federal Reserve will give them an early Christmas present by signaling fewer rate hikes given the turmoil in financial markets and rising fears of a recession.
Oil steadies after sell-off but oversupply still drags
Oil stabilized on Wednesday after one of its biggest falls in years, but remained under pressure from oversupply and concern that a slowing global economy would depress demand.
Nissan boss Saikawa fails to meet Renault’s Bollore: source
Nissan Motor Co CEO Hiroto Saikawa failed to secure a hoped-for meeting this week with the acting boss of partner automaker Renault to discuss the arrest of top executive Carlos Ghosn, a source told Reuters on Wednesday.
World stocks and oil try to scrabble higher after plunge
Global equity and crude oil markets attempted on Wednesday to claw their way out of a three-day long plunge that saw investors seek out the safety of bonds amid mounting pessimism over world growth.
J&J says Indian drug regulators visited facilities, took talc samples
Indian drug authorities visited some of Johnson & Johnson’s facilities on Wednesday and took “tests and samples” of its talcum powder, the company said in a statement.
BP launches $3 billion sale of U.S. onshore assets to fund BHP deal: sources
Britain’s BP has launched the sale of U.S. oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP , industry and banking sources said.
Volkswagen buys connected car unit from Volvo
Volkswagen said it would take over Volvo’s WirelessCar, a Stockholm-based digital service developer, specializing in connected driving.
SoftBank telco suffers $9 billion slump on debut after record IPO
SoftBank Corp shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei.
Malaysia charges another ex-Goldman Sachs banker over 1MDB
Malaysia on Wednesday charged a second former banker at Goldman Sachs Group Inc in connection with a suspected money-laundering scheme at state fund 1MDB and said it had issued a summons to the bank.
J&J says Indian drug regulators visited facilities, company provided talc samples
Johnson & Johnson said on Wednesday that Indian drugs authorities visited some of its facilities and it provided them with “tests and samples” of its talcum powder.
