November 14, 2018

Oil seeks floor, stocks tumble, sterling braces for wild swings

Oil struggled to find a floor and stocks tumbled on Wednesday as disappointing German GDP figures heightened worries over slowing global growth, while the pound eased […]
November 14, 2018

OPEC, partners discuss oil supply cut of up to 1.4 million bpd: sources

OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day (bpd) for 2019, three sources familiar […]
November 14, 2018

Daimler to open new R&D center in China to accelerate localization

German automaker Daimler AG said on Wednesday it plans to invest 1.1 billion yuan ($158.23 million) in a second research and development center in Beijing to […]
November 14, 2018

Euro under pressure as Italy sticks to deficit target in budget

The euro hovered below $1.13 on Wednesday as Italy re-submitted its draft budget for next year to the European Commission and traders prepared for economic growth […]
November 14, 2018

South Korea regulator says Samsung BioLogics intentionally breached accounting rules

South Korea’s top financial regulator on Wednesday said it found Samsung BioLogics Co Ltd intentionally breached accounting rules in inflating the company’s value ahead of its […]
November 14, 2018

U.S. most-favored equity region, tech allocations down: BAML survey

Despite market wobbles, the United States is the most favored equity region for global fund managers, who broadly expect the S&P500 index to rise another 12 […]
November 14, 2018

Singapore Airlines finds premium economy a tougher sell on new non-stop U.S. flights

Singapore Airlines Ltd is facing no problem selling business class tickets on its ultra-long non-stop flights to the United States but is having to price premium […]
November 14, 2018

FAA, Boeing study need for 737 MAX software changes after crash

The U.S. Federal Aviation Administration and Boeing Co are evaluating the need for software or design changes to 737 MAX jets in the wake of last […]
November 14, 2018

Weaker retail sales loom over China’s economy despite some bright spots

China delivered a mixed economic report card for October on Wednesday as softening retail sales pointed to a consumption slowdown, even as a pick-up in industrial […]
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