Exclusive: Venezuela eyes first-ever use of foreign oil for contracts – documents
HOUSTON (Reuters) – Venezuela is considering refining foreign crude for the first time to produce fuels like gasoline or diesel, according to internal planning documents seen by Reuters on Wednesday, in the latest sign of the country’s strain to meet o…
Wall Street ends lower in wake of Fed hike
NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday in a choppy session after the Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes in the coming months.
Volkswagen fined one billlion euros by German prosecutors over emissions cheating
BERLIN (Reuters) – Volkswagen was fined one billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday.
Fed lifts rates amid stronger inflation, drops crisis-era guidance
WASHINGTON (Reuters) – The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession.
Fox shares pop ahead of expected Comcast bid
(Reuters) – Twenty-First Century Fox Inc’s shares hit a record high on Wednesday as approval for AT&T Inc’s $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox’s assets.
Madoff customers’ recovery tops 75 percent with Merkin settlement
NEW YORK (Reuters) – The court-appointed trustee liquidating Bernard Madoff’s firm on Wednesday announced a $280 million settlement with one of the swindler’s earliest investors, enabling customers to recoup more than 75 percent of the principal they l…
Wall Street loses ground as Fed signals two more hikes this year
(Reuters) – U.S. stocks lost some ground and were trading lower on Wednesday after the Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes in the coming months.
Renault boss Ghosn faces tight shareholder vote on pay
PARIS (Reuters) – Renault boss Carlos Ghosn faces another nail-biting salary vote when the French government, the carmaker’s largest shareholder, is expected to oppose his 7.4 million euro ($8.7 million) 2017 payout at Friday’s annual shareholder meet…
Wall Street flat as Fed decision awaited
(Reuters) – U.S. stocks were little changed on Wednesday, ahead of a widely expected interest rate hike by the Federal Reserve, with focus on its guidance on the economy and monetary policy.
VW fined one billion euros by German prosecutors over emissions cheating
BERLIN (Reuters) – Volkswagen was fined 1 billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday.
