Senator wants Apple to answer questions on slowing iPhones
WASHINGTON (Reuters) – The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter seen by Reuters on Wednesday….
Berkshire promotes potential Buffett successors Abel, Jain
(Reuters) – Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their status as the most likely successors to Warren Buffett to run the conglomerate.
Bond yields hit multi-month highs on report China may slow U.S. bond purchases
LONDON (Reuters) – Major government bond yields hit multi-month highs on Wednesday, extending earlier gains on a report that Chinese officials have recommended slowing or halting purchases of U.S. government bonds.
Futures sink on report China may slow U.S. bond purchases
(Reuters) – U.S. stock market futures pointed to a 100 point fall for the Dow Jones Industrial Average on Wednesday, spooked by a report that China is considering slowing or halting purchases of U.S. government debt.
Fitch reiterates U.S. downgrade warning
LONDON (Reuters) – Fitch reiterated its warning on Wednesday that the United States could lose its prized triple-A credit rating if the country’s debt ceiling is not raised in the coming months.
Exclusive: Saudi Aramco working to raise cheap loans before IPO – banking sources
DUBAI (Reuters) – Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said.
Global air freight demand on track for a seven-year high: IATA
(Reuters) – Demand for global air freight, measured in freight tonne kilometers, rose 8.8 percent in November, compared with a year earlier, the International Air Transport Association (IATA) said on Wednesday.
U.S. oil hits highest since 2014, worries grow of overheated market
LONDON (Reuters) – U.S. oil prices hit their highest since 2014 on Wednesday as OPEC-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating.
Ryanair keeps big investors onside after rocky 2017
LONDON (Reuters) – Several institutional investors are backing Ryanair to bounce back from a pilot rostering mess-up and a decision to recognize unions that jolted confidence in Europe’s most profitable airline.
Bond yields hit multi-month highs on BOJ tweak, heavy supply
LONDON (Reuters) – Major government bond yields hit multi-month highs on Wednesday on heavy supply and as investors reevaluated the likelihood of continued easy-money policies by the world’s major central banks.
