July 15, 2018

U.S. oil boom delivers surprise for traders – and it’s costly

The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just […]
July 14, 2018

AirAsia mulls dual Airbus jet order but how much will it pay?

AirAsia is discussing the possible purchase of another 100 Airbus A321neo jets as the company’s chief executive officer, Malaysian entrepreneur Tony Fernandes, and Airbus go down […]
July 14, 2018

Facebook, Twitter, Alphabet to testify at U.S. House hearing

The U.S. House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc’s YouTube unit and Twitter Inc on whether […]
July 13, 2018

U.S. lifts ban on suppliers selling to China’s ZTE

The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume […]
July 13, 2018

AT&T CEO confident Time Warner deal on solid ground

The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that […]
July 13, 2018

S&P 500 at five-month high, but banks weigh after results

U.S. stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other […]
July 13, 2018

Citigroup executives see better growth ahead, but not yet

Citigroup Inc is still on track to hit its goals for efficiency and revenue growth, executives said on Friday, as analysts pressed them to explain how […]
July 13, 2018

Comcast to pay advisers as much as 243 million pound in fees for Sky takeover

Comcast expects to pay the banks, law firms and other advisers on its 25.9 billion pound ($34.23 billion) bid for Sky as much as 243 million […]
July 13, 2018

Wells Fargo’s loan book shrinks, profit misses estimates

Wells Fargo & Co said on Friday its loan book shrank and it raked in less fee revenue than a year ago, factors that contributed to […]
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