Virgin’s Branson halts talks on $1 billion Saudi investment in space ventures
British billionaire Richard Branson said on Thursday that his Virgin Group would suspend its discussions with Saudi Arabia’s Public Investment Fund over a planned $1 billion investment in the group’s space ventures, in light of the disappearance of Sau…
Mexico to protect steel exporters from Canadian measures: statement
Mexico laments trade protections announced earlier in the day by Canada covering some steel products and will take action to protect its own exporters in the short term, according to a statement from Mexico’s economy ministry on Thursday.
Abbvie settles Humira patent disputes with Novartis unit
Abbvie Inc said on Thursday it settled all patent disputes with Novartis AG, granting it a non-exclusive license to manufacture and sell a copycat version of blockbuster drug, Humira.
Exclusive: Shell seeks to sell Venezuela JV stake to France’s Maurel & Prom – sources
Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas.
Wall Street tumbles again, world equities at one-year low
Wall Street extended its slide into a sixth session and a global equity index fell to a 1-year low on Thursday as investors feared an escalating U.S. trade war with China and risks from a recent climb in interest rates.
Canada sees little chance of quick end to U.S. metals tariffs: sources
Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said.
Machines take the blame as U.S. stock market sells off
Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines.
Explainer: What are risk-parity funds?
The market’s quick and hard-to-explain declines this week led some investors to point fingers at number-crunching fund strategies designed to control and balance risk.
Wall St. extends slide with trade and rates in focus
Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff.
U.S. safety agency OKs advanced headlights for road use
The U.S. National Highway Traffic Safety Administration on Thursday said it was moving to allow advanced headlights known as “adaptive driving beams” to be used in vehicles on U.S. roads that could help prevent nighttime crashes.
