Brexit hopes keep sterling, euro bid; dollar bulls take a breather
The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks.
Cathay Pacific executives grilled over data breach ‘crisis’
Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled the incident.
Crude oil struggles for traction after plunge, stocks sag
Oil prices struggled for traction on Wednesday after sinking on worries about weakening world demand and oversupply, while global shares sagged with slowing growth concerns overshadowing potential positives such as progress in the Brexit saga.
China industrial output, investment beat forecasts; retail sales miss
China reported a mixed bag of economic data for October on Wednesday, but industrial output and investment grew faster than expected, suggesting a flurry of support measures may be starting to take hold.
U.S. FAA launches high-priority probe of Boeing’s safety analyses: WSJ
The U.S. aviation regulator has launched a high-priority probe of the safety analyses performed over the years by Boeing Co , following the crash of a Lion Air jet in Indonesia last month, the Wall Street Journal reported on Tuesday.
Oil struggles to find footing after 7 percent slump, sentiment stays weak
Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the specter of faltering demand keeping investors on edge.
Exclusive: Snap reveals U.S. subpoenas on IPO disclosures
The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday.
Sterling and euro rise on Brexit hopes, dollar slips on profit-taking
The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks.
Asia stocks shaken by plunge in crude oil, growth worries
Asian shares edged lower as investors fretted about slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply.
Elon Musk’s ‘Teslaquila’ drink faces clash with Mexican tequila industry
Tesla Inc co-founder Elon Musk and Mexico’s tequila producers could be headed for a collision after the agave-based drink’s industry group opposed the flamboyant billionaire’s efforts to trademark an alcoholic drink dubbed “Teslaquila.”
