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...
U.S. wins backing for $7.5 billion tariffs on EU in jet subsidy clash
The United States won approval on Wednesday to impose tariffs on$7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to...
Citi says prospects for a Brexit deal look weak so brace for delay
U.S. investment bank Citi said the Brexit proposals of British Prime Minister Boris Johnson appeared to fall foul of European Union red lines so an...
Wall Street hits fresh one-month low at open on growth worries
Wall Street’s main indexes hit fresh one-month lows at the open on Wednesday, extending losses from the previous session, as a contraction in domestic factory...
Ford U.S. sales fall 5% in the third quarter
Ford Motor Co reported a 5% fall in U.S. auto sales for the third quarter, hurt by declining sales of its passenger cars including the...