Trump renews attack on OPEC, says oil prices too high
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday renewed his attack on OPEC and again criticized the coalition of petroleum producing countries for rising oil prices.
Investors challenge WPP over Sorrell’s departure
LONDON (Reuters) – The world’s biggest advertising agency WPP faced a shareholder revolt on Wednesday over its handling of the departure of former CEO Martin Sorrell, who quit under a cloud but is still entitled to share awards worth millions.
Media, telecom shares lift futures; Fed awaited
(Reuters) – A court approval for AT&T’s $85 billion takeover of Time Warner lifted media and telecom shares on Wednesday, helping U.S. stock futures ahead of the U.S. Federal Reserve’s policy announcement.
Fall of founder Sorrell to dominate WPP investor meeting
LONDON (Reuters) – Investor anger over the departure of WPP boss Martin Sorrell will burst into the open on Wednesday when shareholders tackle management over its handling of a boardroom battle that has gripped the British corporate scene.
Nissan doubles down on emerging markets as U.S. sales slow
YOKOHAMA (Reuters) – Nissan Motor Co Ltd said on Wednesday it expects vehicle sales in some markets to beat industry growth, driven by countries including Saudi Arabia – crucial for the Japanese firm that is struggling with slowing sales in the United…
World stocks slip as trade tensions and central bank expectations dampen mood
LONDON (Reuters) – World stocks retreated on Wednesday from one-month highs, with investor focus turning from the U.S.-North Korea summit to an expected U.S. interest rate rise and the risk of a fresh outbreak of trade tensions between China and the Un…
Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech com…
Property agents abandon China’s resort island as sales plunge on cooling measures
HONG KONG (Reuters) – Tough measures to cool the property market in China’s resort island of Hainan have put the brakes on a real estate boom and underscore the policy risks developers and investors face as the government tries to rein in prices.
Investors wipe $3 billion off China’s ZTE as U.S. settlement sinks in
HONG KONG (Reuters) – Investors wiped about $3 billion off embattled Chinese telecommunications giant ZTE Corp’s market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government.
Asian stocks step back as investors brace for Fed, eye trade row
TOKYO (Reuters) – Asian shares fell on Wednesday as investors braced for a Federal Reserve policy decision later in the day and any clues it might give on future rate hikes that could alter the course of global economic growth and corporate earnings.
