November 21, 2018

Abu Dhabi’s IPIC files lawsuit against Goldman Sachs, others over 1MDB case

Abu Dhabi’s International Petroleum Investment Co (IPIC) said on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs and others to recover losses […]
November 21, 2018

World stocks, oil climb after rout; euro rises on Italy budget hopes

World stock markets and oil prices climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, while the euro rose on […]
November 21, 2018

Volkswagen strikes deal with Broadcom to end patent lawsuit: source

Germany’s Volkswagen has struck a deal with U.S. semiconductor maker Broadcom , ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source […]
November 21, 2018

U.S. business spending slowing; housing market weak

New orders for key U.S.-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of an acceleration in business spending […]
November 21, 2018

Atlanta Fed leaves U.S. fourth-quarter GDP growth view at 2.5 percent

The U.S. economy is expanding at a 2.5 percent annualized rate in the fourth quarter, based on data on durable goods orders and home resales in […]
November 21, 2018

Stock market volatility: Options traders expect more, more, more

A new normal is taking root in U.S. stock markets, and the word that best sums it up starts with a “V”. Powered by WPeMatico
November 21, 2018

New York regulator to end supervision of Standard Chartered for compliance failings

New York’s Department of Financial Services (DFS) will end a period of monitoring of Standard Chartered on Dec. 31, the DFS said on Wednesday, bringing to […]
November 21, 2018

Oil rebounds after previous session’s slide, but glut worries persist

Oil prices rose nearly 4 percent on Wednesday, recovering from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but […]
November 21, 2018

Wall Street regains footing as tech shares recover

U.S. stocks recovered from a brutal two-day selloff on Wednesday as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of […]
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