December 23, 2018

Venezuela navy confronts Exxon oil ship in Guyana border dispute

Venezuela’s navy “intercepted” a ship exploring for oil on behalf of Exxon Mobil Corp in Guyanese waters over the weekend, Guyana’s foreign ministry said in a […]
December 23, 2018

Elon Musk says Tesla to pay customers for missed tax credits

Tesla Inc chief executive Elon Musk said the electric car company will reimburse customers if delays to car deliveries cause them to miss out on a […]
December 23, 2018

Japan court extends Ghosn detention by 10 days

A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Motor Co chairman Carlos Ghosn, who is facing new allegations of making […]
December 22, 2018

Judge accepts CVS offer on Aetna while reviewing consent decree

A U.S. federal judge reviewing an agreement between the government and CVS Health Corp allowing it to buy health insurer Aetna has indicated that he will […]
December 22, 2018

Trump has discussed firing Fed Chairman Powell: sources

U.S. President Donald Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell, a move that could roil already volatile financial markets, two […]
December 22, 2018

As FAANG stocks falter, fund managers make bets on survivors

A bear market in the so-called FAANG stocks – Wall Street’s most popular trade going into the year – is pushing fund managers into searching for […]
December 22, 2018

VW says diesel scandal cleanup to cost 2 billion euro in 2019: paper

Volkswagen’s cleanup of a diesel cheating scandal will cost it 5.5 billion euros ($6.25 bln) in 2018 and around 2 billion euros in 2019, Chief Financial […]
December 22, 2018

Credit Suisse chairman says on track to boost equity return: media

Cost cuts and closing a unit where Credit Suisse had parked underperforming assets will help boost return on tangible equity (ROTE) to at least 10 percent […]
December 21, 2018

Nasdaq in bear market, first of the three major U.S. indexes

The Nasdaq Composite Index confirmed on Friday it is in a bear market for the first time since 2008, underscoring fears that the longest bull run […]
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