Oil retreats further from 4-year high as Saudi pumps more
Oil slipped on Wednesday, retreating from session peaks near a four-year high as top exporter Saudi Arabia said it increased output and after Reuters reported that Russia and Saudi Arabia had struck a deal to pump more.
North American orders for semi-trucks surge in September
North American orders for Class 8 semi-trucks jumped 92 percent in September as trucking companies continued to struggle with tight capacity in a booming U.S. freight market, FTR, a company that tracks the industry, said on Wednesday.
U.S. private payrolls growth accelerates in September
U.S. private payrolls recorded their biggest increase in seven months in September, boosted by hiring at construction sites and in the services sector, pointing to sustained labor market strength that should continue to underpin economic growth.
Oil steadies near 4-year high as Saudi pumps more and Iran sanctions loom
Oil traded near a four-year high on Wednesday, retreating from session peaks as top exporter Saudi Arabia said it increased output and after Reuters reported that Russia and Saudi Arabia had struck a deal to pump more.
Italy budget concession hopes switch risk sentiment back on
European shares rose and Italian bonds rallied on Wednesday as some of the worries that have rippled across markets this week were soothed by signs Rome was amenable to cutting budget deficits and debt in coming years.
Fed can hold rates ‘relatively indefinitely’ when mildly restrictive: Evans
U.S. interest rates could plateau for a while once they have risen to a level we they become mildly restrictive for the economy, Federal Reserve policy maker Charles Evans said on Wednesday.
Dollar lifted vs euro after confident Fed comments
The dollar strengthened against other major currencies on Wednesday after a top U.S. policymaker said inflation expectations haven’t gone up as much as he would have liked and he was comfortable with a December rate hike.
Goldman Sachs raises stake in Spain’s DIA to more than 15 percent
Goldman Sachs has raised its stake in Spanish supermarket chain DIA to 15.8 percent from 14.5 percent, a regulatory filing showed shortly after the discounter’s main shareholder disclosed it had raised its own holding close to the legal threshold for …
Honda buys in to GM Cruise self-driving unit
Honda Motor Co Ltd will invest $2 billion over 12 years in General Motors Co’s Cruise autonomous vehicle unit after paying $750 million for a stake in the project, seen as among the leaders in self-driving car development.
Dell exploring IPO option if tracking stock bid fails
Dell Technologies Inc confirmed on Wednesday it had met with some investment banks to explore an initial public offering if its plan to buy the tracking stock of VMware Inc falls through.
