Sterling extends losses on report of possible Brexiteer move
The sterling fell to session lows against the euro and dollar on Wednesday following a BBC report that Brexit proponents in the Tory party in the U.K. parliament might call for a no confidence vote on their leader and Prime Minister Theresa May on Thur…
Oil rebounds after plunge, world stock markets fall for fifth day
Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while a gauge of global stock markets fell for a fifth straight session as declines in tech and financial shares pressured Wall Street.
Ackman’s Pershing Square exits Mondelez, sees better places to invest
William Ackman’ hedge fund Pershing Square Capital Management sold out of snack maker Mondelez International during the third quarter some three years after first making the investment.
BMW, Vodafone, Ericsson urge EU to consider 5G car standard
BMW, Vodafone and Ericsson made a last-ditch effort on Wednesday to persuade the European Commission to open the way for the use of 5G technology in cars, concerned about the EU executive’s preference for a wifi-based technology being pursued by their …
Publicis’ chief sees consultancy and ad group merger wave
Publicis’s boss Arthur Sadoun predicted on Wednesday a wave of mergers between consultancy and advertising groups to keep up the race with U.S. tech giants online and offer end-to-end solutions to ever-more demanding clients.
Ericsson doesn’t see sales lift after security concerns hit Chinese rivals
Telecom networks equipment maker Ericsson said on Wednesday security concerns about its Chinese rivals and wider trade tensions had not translated into more orders for the Swedish firm’s products.
Dialog Semi says not seeing hit to demand from Apple
Dialog Semiconductor said on Wednesday it was not seeing a hit to demand from its main customer, Apple Inc , after some suppliers issued profit warnings due to weakness in iPhone sales.
Vodafone may replicate elements of UK tower sharing venture elsewhere
Vodafone may replicate elements of its British mobile towers joint venture in other markets but not necessarily to the extent of sharing radio equipment in major cities, its chief executive said on Wednesday.
Airbus likely sold 10 A330neo jets to Delta: sources
U.S. carrier Delta Air Lines has emerged as the probable buyer for 10 Airbus A330neo jets worth $3 billion, industry sources said, in a boost for the becalmed European model.
U.S. Postal Service loss triples, even as package deliveries rise
The U.S. Postal Service lost almost $4 billion in 2018 even as package deliveries rose, according to results released on Wednesday, potentially giving U.S. President Donald Trump ammunition against Amazon.com Inc , which he claims pays too little for …
