Oil claws back some losses after 6-pct plunge, but outlook still weak
Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day’s 6-percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports.
French Finance Minister spoke to Renault executives, to have briefing on Wednesday
French finance minister Bruno Le Maire will hold a briefing on Wednesday to discuss the situation with Renault, said a spokesman for the French economy ministry, with Renault boss Carlos Ghosn still in custody in Japan.
U.S. prosecutors probe Hyundai, Kia vehicle recalls: source
U.S. prosecutors are investigating if Hyundai Motor and affiliate Kia Motors’ vehicle recalls over engine defects were conducted properly, according to a person with knowledge of the matter and documents reviewed by Reuters.
Alibaba suffers rare ‘down round’ investment as Babytree’s HK IPO prices low: sources
China’s Babytree Group, a parenting website operator, has priced its Hong Kong IPO at the bottom of a marketing range, people close to the deal said, reducing its valuation and implying a ‘down round’ for investor Alibaba Group Holding Ltd .
Airbus names new finance and operational leaders
Airbus on Wednesday named the finance director of German chipmaker Infineon Technologies as its next chief financial officer to replace fellow German Harald Wihelm, who is due to step down next year.
EU should copy U.S. laws to prevent money laundering scandals: whistleblower’s lawyer
The European Union should harmonize whistleblower protection with the United States to avoid major money laundering scandals like the one in which Danske Bank is embroiled, the lawyer for the main whistleblower in the case said on Wednesday.
Harvesting in a trade war: U.S. crops rot as storage costs soar
U.S. farmers finishing their harvests are facing a big problem – where to put the mountain of grain they cannot sell to Chinese buyers.
Holiday wish list: U.S. states count on extra online sales tax to boost budget
Illinois, the U.S. state with the lowest credit rating on Wall Street, has often been chastised for using gimmicks to balance its budget.
Asia stocks slip as growth worries grip global markets
Asian stocks slipped on Wednesday as intensifying concerns about global economic growth gripped financial markets, sending Wall Street shares tumbling and driving the safe haven dollar up from a two-week low.
Tokyo court decides to keep Ghosn detained for 10 days: Kyodo
Tokyo District Court has decided that Nissan Motor Chairman Carlos Ghosn and Representative Director Greg Kelly will be detained for 10 days, Kyodo News reported on Wednesday.
