Stocks deepen losses as U.S. puts yuan in trade war crosshairs
Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in...
Global stocks deepen losses as U.S. brands China currency manipulator
Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in...
Valero Port Arthur, Texas, refinery shuts HCU, SRU for overhaul: sources
Valero Energy Corp shut a hydrocracking unit (HCU) and sulfur recovery unit (SRU) at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Monday, said sources...
Asset managers farm out trading as costs and complexity climb
It’s 10 o’clock at night, and Benjamin Arnold’s day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia...
Two Democratic senators question Pentagon delay on cloud contract
Two Democratic senators asked U.S. Defense Secretary Mark Esper on Monday if “outside” influence caused him to delay awarding a $10 billion cloud computing contract,...
Big U.S. investors use summer sell-off to ramp up bets
The summer sell-off is finally here – and not all U.S. investors are rattled by it....
Bosch sees sales stagnating in 2019: CEO in Sueddeutsche Zeitung
Automotive supplier Bosch expects sales to stagnate this year, its chief executive told a German newspaper, blaming the worsening outlook in the car industry that...
Ackman’s Pershing Square exited ADP and United Tech investments: source
William Ackman’s Pershing Square Capital Management has sold its positions in Automatic Data Processing Inc and United Technologies Corp and built a new position in...
Ackman’s Pershing Square exited ADP and UTX investments: source
William Ackman’s Pershing Square Capital Management has sold its positions in Automatic Data Processing and United Technologies and built a new position in a company...
Stock market slump raises fears of deeper pain
Sharper losses could be in store for Wall Street....