Oil falls for third day amid growing concern over China virus
Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may...
Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper
Elliott Management sold all its shares in Hyundai Motor Group companies last year after it was thwarted in its campaign for huge special dividends and...
Asian shares wilt, oil tumbles as China virus spreads
Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions...
Yen firm over China virus concern; Aussie jumps on jobs data
The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus...
PG&E strikes deal with creditors over restructuring
Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival...
ECB to launch review that will redefine its mission and tools
European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine...
Commonwealth Bank of Australia’s pension arm hit with another class-action lawsuit
Commonwealth Bank of Australia said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting in customers...
Canadian judge approves C$196.5 mln Volkswagen fine for diesel emissions
A judge in Canada approved a C$196.5 million ($149.7 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts...
Australia’s Westpac hires veteran banker McFarlane as chairman to tide over crisis
Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman, entrusting the former Barclays boss to help steer it through the fallout of...
Boeing’s new CEO orders rethink on key jetliner project
Boeing Co’s new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in...