November 2, 2018

VW may sideline Audi, link with rivals in new 10-year plan

Volkswagen boss Herbert Diess will outline a 10-year plan on Nov. 16 to slash research costs by working with rivals, a step which would sideline Audi […]
November 2, 2018

Iranian oil: 40 years of revolution, war, sanctions and bans

Nearly 40 years after the 1979 Islamic revolution saw the exit of Western oil companies from Iran, the Iranian oil sector faces yet another costly disruption […]
November 2, 2018

Chevron profit doubles as U.S. oil production jumps, shares rise

U.S. oil and natural gas producer Chevron Corp on Friday reported that its quarterly profit doubled on record oil and gas production, sending its shares up […]
November 2, 2018

Apple loses $1 trillion status after soft holiday forecast

Shares in Apple Inc fell 6 percent on Friday, cutting its market value back to less than $1 trillion after it forecast softer-than-expected sales for the […]
November 2, 2018

Europe focuses on growth, Fed to follow mid-terms

New economic forecasts from the European Commission and services PMIs will help clarify the outlook for the euro zone economy after third-quarter growth disappointed, while mid-term […]
November 2, 2018

Trade hopes lift equity markets; best day for emerging stocks since 2016

World equity markets rallied on Friday with emerging market stocks seeing their best day since 2016 on hopes the United States and China were mending trade […]
November 2, 2018

Tesla says gets subpoena from SEC on Model 3 production estimates

Tesla Inc said on Friday it received a subpoena from the U.S. Securities and Exchange Commission regarding certain projections that the electric car maker made for […]
November 2, 2018

U.S. expected to give eight countries Iran sanctions waivers: sources

The United States is expected to spare eight countries from U.S. sanctions because they have significantly cut imports of Iranian oil, two sources familiar with the […]
November 2, 2018

U.S. job growth jumps; annual wage gain largest since 2009

U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage […]
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