Oil prices slip as OPEC+ considers coronavirus action
Oil futures gave up early gains on Thursday despite potential action from the OPEC+ group of producers to counter an expected fall in oil demand as a consequence of the coronavirus outbreak.
AB InBev gets relief against New Delhi sales ban
A tribunal in New Delhi has put on hold a sales ban imposed last year on Anheuser-Busch InBev , an order seen by Reuters showed, allowing the world’s largest brewer to resume sales of its beer products in the city for now.
U.S. productivity rebounds in fourth quarter; labor costs growth slows
U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check.
Swiss investor adviser calls for Credit Suisse chairman to go
Prominent Swiss investment adviser Ethos Foundation has called on Credit Suisse Chairman Urs Rohner to step down to take responsibility for the Swiss bank’s spying on executives.
Exclusive: Prudential eyes full control of China venture, considers U.S. options
Prudential is in talks that could lead to it taking full control of its 50:50 joint venture with China’s CITIC and is considering selling some or all of its U.S. business to sharpen its focus on Asia, a source told Reuters.
Equinor broadens scope of carbon targets to match rivals
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers.
Fiat Chrysler’s profit rises ahead of Peugeot merger
Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France’s PSA .
Twitter notches first $1 billion quarterly revenue, beating estimates
Twitter Inc pulled in $1 billion in quarterly revenue for the first time, beating expectations as efforts to make its platform more user-friendly brought in more people.
Futures climb on China plan to cut tariffs on U.S. products
U.S. stock index futures rose on Thursday as China’s plan to halve additional tariffs on some American goods helped allay fears over the financial fallout of the coronavirus epidemic.
ICE profit drops 27% on weak growth in transaction and clearing unit
Intercontinental Exchange Inc , which owns the New York Stock Exchange, reported a 27% fall in fourth-quarter profit on Thursday, hurt by muted growth in its transaction and clearing business.
