Analysts cut estimates for Exxon’s third-quarter profit on weaker oil prices
Analysts on Wednesday trimmed their profit estimates for Exxon Mobil Corp after the largest publicly traded oil producer pointed to weaker third-quarter results in a...
Investors retreat from U.S. stock funds amid impeachment inquiry
Investors pulled nearly $14 billion out of mutual fund and exchange-traded funds that hold U.S. stocks last week, ending what had been the largest surge...
Huawei CFO’s phone passcodes were shared to Canada police in ‘error’: document
Canada’s border security agency admitted making an “error” while sharing passcodes of phones belonging to Huawei chief financial officer Meng Wanzhou with Canadian federal police,...
Pick-up trucks remain mainstay for Detroit Three in third quarter
General Motors , Ford Motor and Fiat Chrysler on Wednesday reported higher pick-up truck sales for the third quarter in the United States, as lower...
London forex trader sues Citigroup over ‘malicious’ forex prosecution
A London-based former Citigroup trader is suing the U.S. bank for more than $112 million, alleging it made materially false and malicious statements to U.S....
U.S. wins backing for tariffs on Europe in Airbus clash
The United States won approval on Wednesday to slap import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus,...
Oil slides 2.5% as U.S. inventories build, weak economic data weighs
Oil prices fell more than 2.5% on Wednesday after official data showed a rise in U.S. crude inventories, adding to worries about an oversupplied market...
Wall Street eyes steepest slide in nearly six weeks on growth worries
U.S. stocks fell to more than a one-month low and were set to post their sharpest drop in nearly six weeks on Wednesday, as monthly...
Job done – Tesco boss to quit next year
Tesco boss Dave Lewis, credited with saving Britain’s biggest retailer from collapse in 2014, will step down next summer after declaring its turnaround complete, handing...
Website that allowed Huawei phones to install Google apps taken down
A China-based website that allowed for manual installation of Google’s Android apps on Huawei’s newly launched Mate 30 devices went offline on Wednesday after a...