Wall Street set to open lower on tariff woes, social media stocks in focus
U.S. stocks were set to open lower on Wednesday, as investors weighed the likelihood of President Donald Trump going through with plans to slap a fresh round of U.S. tariffs on Chinese goods right after a public comment period ends on Thursday.
Bayer cuts forecasts on Monsanto delay as lawsuits pile up
Bayer cut its earnings forecast on Wednesday due to delays to its $63 billion takeover of Monsanto, and said sales of its consumer care products fell, hitting its shares, already reeling from a legal battle over the weed killer Roundup.
Goldman drops bitcoin trading plans for now: Business Insider
Goldman Sachs Group Inc is ditching plans to open a desk for trading cryptocurrencies as the regulatory framework for crypto remains unclear, Business Insider reported on Wednesday, citing people familiar with the matter.
Unilever confronts the ‘chairdrobe’ as consumers rethink laundry
On any given day, the chair in Raven Rose’s Ewing, New Jersey, bedroom might be draped with shirts, pants or pyjamas.
Steinhoff’s former CEO rues joint venture with Austrian businessman Seifert
Steinhoff’s former chief executive Markus Jooste told a parliamentary inquiry his main mistake during his tenure as the retailer battled an accounting scandal was agreeing to a joint venture with Austrian businessman Andreas Seifert.
Facebook, Twitter face U.S. Congress over foreign bids to tilt politics
Top executives from Facebook Inc and Twitter Inc will defend their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.
EU, U.S. trade chiefs to mend ties after Trump tariff detente
U.S. and EU trade chiefs will hold a first meeting in Brussels on Monday to pursue closer transatlantic ties after U.S. President Donald Trump agreed to drop his threat of tariffs on EU cars.
Steinhoff’s former CEO says not aware of accounting irregularities
Steinhoff’s former chief executive Markus Jooste was not aware of any accounting irregularities when he left the retailer in December, he told a South African parliamentary inquiry on Wednesday which is examining an accounting scandal that rocked the …
Steinhoff’s former CEO says not aware of accounting irregularities at company
Steinhoff’s former chief executive, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the retailer that he was not aware of any accounting irregularities when he left the firm in December.
Emerging markets and equities reel as dollar flexes muscles
The sell-off in emerging markets gathered pace on Wednesday and global stocks fell for the fourth day in a row as a looming deadline in the U.S.-China trade conflict kept the dollar holding firm near two-week highs.
