December 26, 2018

Facebook shares could hit $160 in 2019: Citron

Short-seller Citron Research on Wednesday backed Facebook Inc, saying the stock could hit $160 in 2019 as the company’s revenue and user base have seen little […]
December 26, 2018

Rusal board chairman quits as part of U.S. sanctions waiver deal

Russian aluminum company Rusal said on Wednesday that board chairman Matthias Warnig resigned as part of a restructuring it agreed to implement in exchange for a […]
December 26, 2018

Wall Street opens higher after four session slide

U.S. stocks opened higher on Wednesday, led by technology and retail shares, after a punishing few sessions left the benchmark S&P 500 on the brink of […]
December 26, 2018

Oil rises to $51 after steep slide; growth fears weigh

Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an […]
December 26, 2018

German industry views Brexit, Trump as biggest risks to economy

Germany’s leading industry groups said on Wednesday that Britain’s departure from the European Union and trade disputes triggered by U.S. President Donald Trump’s ‘America First’ policies […]
December 26, 2018

Former Sinochem chief sentenced to 12 years for graft – state media

A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday. Powered by WPeMatico
December 26, 2018

Private buyers of Iran crude had no problems exporting it: oil minister

Private buyers of Iranian crude have had “no problems” exporting it, Iran’s oil minister was quoted as saying on Wednesday by state news agency IRNA, despite […]
December 26, 2018

U.S. oil edges up after tumbling to lowest since June 2017 on economy fears

Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the […]
December 26, 2018

Asian stocks retreat as U.S. political tumult adds to growth worry

Asian stock markets retreated again on Wednesday, extending a rout that began last week as U.S. political uncertainty exacerbated worries over slowing global economic growth. Powered […]
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