U.S. crude inventories fall unexpectedly, big distillate build: EIA
(Reuters) – U.S. crude oil stockpiles fell unexpectedly last week, while distillate inventories rose sharply, the Energy Information Administration’s data showed on Wednesday.
GoPro to cut 15 percent of workforce amid sales slump
(Reuters) – Wearable action-camera maker GoPro Inc said on Wednesday it would cut about 15 percent of its workforce and shutter its entertainment business, as the one-time Wall Street favorite cuts costs to help it return to profitability.
Netflix allows subscribers to binge-watch shows offline
(Reuters) – Video streaming pioneer Netflix Inc said its subscribers would now be able to download popular shows such as “Orange is The New Black” and “Narcos” on their mobile devices at no extra cost.
Rejecting J&J could leave Actelion with ‘lot of explaining to do’
ZURICH/LONDON (Reuters) – Some Actelion shareholders would be attracted by a $27 billion bid for the Swiss biotech company from Johnson & Johnson, leaving Chief Executive Jean-Paul Clozel with some explaining to do if he turned down an offer around that level.
Bank of England sees global financial risks after Trump victory
LONDON (Reuters) – Donald Trump’s victory in the U.S. presidential election has increased the threats to the world economy from higher interest rates and less trade, the Bank of England said on Wednesday.
Plaza memories may unnerve Trump-fueled dollar bulls
LONDON (Reuters) – Parallels between Donald Trump’s U.S. economic plan and early 1980s Reaganomics have supercharged the dollar, reminding some that its rampant gains 30 years ago eventually required intervention to reverse them.
U.S. funds favor equities on hopes of fiscal stimulus: Reuters poll
(Reuters) – U.S. funds increased equity allocations to a 16-month high in November on expectations that fiscal stimulus from President-elect Donald Trump will boost stocks, a Reuters poll found.
Striking Lufthansa pilots ground nearly 900 flights
BERLIN (Reuters) – The latest strike by Lufthansa pilots grounded almost 900 flights on Wednesday and German companies and other Lufthansa staff called for an end to the protests which are costing the airline 10-15 million euros a day.
Australia’s ANZ Bank says increasingly cautious on property lending
SYDNEY (Reuters) – Australia and New Zealand Banking Group has become more cautious about lending to apartment developers and buyers due to concerns that parts of the market are oversupplied and household incomes have stagnated.
Toyota chief shifts gear, to boost electric vehicle division
TOKYO (Reuters) – Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.
