December 26, 2018

U.S. holiday shopping season best in six years: report

Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report on […]
December 26, 2018

Morgan Stanley unit to pay $10 million fine for anti-money laundering violations

Wall Street’s industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley $10 million on Wednesday for compliance failures in the firm’s anti-money laundering program, […]
December 26, 2018

Lawsuit against Boeing over Lion Air crash demands Chicago jury trial

The family of a man who was killed when a Lion Air flight crashed in October has sued Boeing Co, alleging the 737 MAX 8 aircraft […]
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
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