Dollar fails to find foothold as market awaits Yellen
LONDON (Reuters) – The dollar struggled to climb off 3-1/2-month lows on Wednesday as worries over a global economic slowdown weighed and traders waited for more tips on the likely course of U.S. interest rates from Federal Reserve Chair Janet Yellen.
Twitter results need to wow to reassure investors
(Reuters) – When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery.
Oil rises toward $31 as Russia floats idea of supply cut
LONDON (Reuters) – Oil rose toward $31 a barrel on Wednesday after four days of declines, supported by the prospect of OPEC and rival producers cooperating to tackle a supply glut that has sent prices to a 12-year low.
Credit Suisse CEO says bank has a strong balance sheet: FT
ZURICH (Reuters) – Credit Suisse Chief Executive Tidjane Thiam told the Financial Times the Swiss bank’s capital position has never been better.
Nokia holds 91 percent of Alcatel after second round of offer
HELSINKI (Reuters) – Finnish telecoms network equipment maker Nokia on Wednesday said it holds about 91 percent of the shares in France’s Alcatel-Lucent following the second round of its 15.6 billion euro ($17.6 billion) all-stock offer.
Banks lead Europe shares higher, oil up before Yellen
LONDON (Reuters) – European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday’s steep falls.
Nobel Upstream says buys Shell’s stake in Maclure North Sea field
LONDON (Reuters) – Nobel Upstream, a privately held British oil explorer, said on Wednesday it had agreed to buy Shell’s 7.59 percent stake in the Maclure North Sea oilfield for an undisclosed sum.
BMW sales rise 7.5 percent in January on demand in Europe, China
FRANKFURT (Reuters) – BMW reported a 7.5 percent rise in monthly car sales to 152,879 vehicles in January, as growth in Europe and China more than offset a slide in the United States, where winter storms deterred car buyers.
HSBC sued by families of victims in drug money laundering case
(Reuters) – HSBC has been sued by the families of U.S. citizens murdered by drug gangs in Mexico, claiming the bank let cartels launder billions of dollars to operate their business.
Exclusive: In boost to self-driving cars, U.S. tells Google computers can qualify as drivers
WASHINGTON/DETROIT (Reuters) – U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomo…
