Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs
European stocks and U.S. equity futures were higher on Wednesday after a report fueled optimism about progress in U.S.-China trade talks, offsetting disappointment about the...
Futures bounce on trade hopes, Micron results
U.S. stock index futures rose on Wednesday after Treasury Secretary Steven Mnuchin said the United States and China were close to reaching a trade deal,...
China’s Alibaba aims to double Tmall Global brands with English portal
Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall Global marketplace aimed at merchants, in an attempt to double the number...
Fate of opioid litigation hinges on government ‘police power’
The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question:...
Traton expected to price toward lower end of range: sources
Volkswagen’s truck unit Traton is expected to price toward the lower end of the marketing range in this week’s initial public offering, people close to...
Swiss ban planemaker Pilatus from operating in Saudi Arabia, UAE
The Swiss foreign ministry on Wednesday banned planemaker Pilatus from operating in Saudi Arabia and the United Arab Emirates, saying the company had breached rules...
Fed’s Powell resists pressure for hefty rate cut, sends global stocks down
Global stocks fell while the dollar rose on Wednesday as comments from U.S. Federal Reserve dampened excitement about an aggressive rate cut as early as...
Japan watchdog to recommend $24 million fine for Nissan over Ghosn pay: source
Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting...
Japan financial watchdog mulls fine for Nissan over Ghosn pay issue
Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting...
Oil prices jump on U.S. crude stocks fall, major refinery outage
Oil prices hit their highest level in nearly a month on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast...