Oil slumps to seven-month low on trade tensions, surprise U.S. stock build
Oil prices tumbled nearly 4% to a fresh seven-month low, extending recent heavy losses following an unexpected build in U.S. crude supplies and fears of...
Exclusive: Saudi Aramco valuation gap persists as IPO talks resume – sources
Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say...
Stock short-sellers net $24.75 billion gain from Aug. 5 selloff: S3 Partners
Short-sellers targeting U.S. stocks logged a one-day paper profit of $24.75 billion on the selloff on Aug. 5, according to data from financial technology and...
Wall Street sinks as U.S. bond market stokes recessionary fears
U.S. stocks plunged on Wednesday, with the Dow Jones Industrial Average falling more than 450 points, as investors were spooked by the latest signals from...
Rush into U.S. bonds sinks global stock markets; gold touches six-year high
A rush into the safety of U.S. government bonds smothered a broad rally in global stocks Wednesday as spiraling fears of a global economic recession...
Great Wall warns BMW joint venture faces uncertainties
China’s Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for...
Wall Street slumps at open as investors seek safety
U.S. stocks opened lower on Wednesday, as investors sought safety in gold and government bonds on worries about the impact of a long-drawn U.S.-China trade...
Oil slumps to new seven-month low on trade tensions
Oil prices fell further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy...
FedEx to end ground-delivery partnership with Amazon
FedEx Corp confirmed on Wednesday it would terminate its contract with Amazon.com Inc for small-package ground deliveries, as the online retailer focuses on building out...
Capri cuts sales forecast as Michael Kors demand slows
Capri Holdings Ltd missed quarterly revenue estimates and cut its full-year sales forecast on Wednesday, as the high-end fashion house struggled with slowing demand for...