Trafigura forms JV with Phillips 66 for deepwater Texas oil port
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in...
Fed’s Bullard: U.S. rate cuts ‘a possibility’ if coronavirus intensifies, not base case
Federal Reserve rate cuts are ‘a possibility’ if the outbreak of coronavirus intensifies into a global pandemic with death rates approaching yearly flu outbreaks, St....
Coty taps Jimmy Choo boss Pierre Denis as next CEO
Coty Inc on Friday named Jimmy Choo boss Pierre Denis as its next chief executive officer, replacing Pierre Laubies, betting on deep luxury fashion sector...
U.S. consumer spending slows in January; income surges
U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered...
Revival gives Rolls-Royce confidence despite coronavirus
Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any...
Wall Street plunges at the open as pandemic fears heighten
U.S. stocks opened sharply lower on Friday as investors dumped equities amid a rapidly spreading coronavirus outbreak, which has raised fears of a possible global...
Wall Street set for another big drop as pandemic fears heighten
U.S. stock indexes were set for another sharp fall at the open on Friday as the rapidly spreading coronavirus outbreak raised the alarm for a...
Coronavirus panic wipes $6 trillion off world stocks this week
Coronavirus panic sent world share markets skidding again on Friday, putting them on course for their worst weekly fall since the 2008 global financial crisis,...
Stock futures fall as coronavirus-led rout continues
U.S. stock index futures dropped on Friday as a surge in coronavirus cases, which have already wiped nearly $3 trillion off stocks listed on the...
Volkswagen reaches $900 million deal with consumers over diesel scandal
Volkswagen and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action...