December 20, 2018

Treasury chief calls market reaction to Fed ‘overblown’

U.S. Treasury Secretary Steven Mnuchin said on Thursday that investors’ reaction to the Federal Reserve’s interest rate hikes was “completely overblown”, in an unusually direct comment […]
December 20, 2018

Exclusive: China hacked HPE, IBM and then attacked clients – sources

Hackers working on behalf of China’s Ministry of State Security breached the networks of Hewlett Packard Enterprise Co and IBM, then used their access to hack […]
December 20, 2018

U.S. senators write to regulators on Robinhood’s botched checking plans

A bipartisan group of U.S. senators sent a letter to regulators on Thursday expressing concern that financial technology startup Robinhood may not be offering full transparency […]
December 20, 2018

Nissan to lay off 1,000 Mexican workers, cites market challenges

Japanese carmaker Nissan Motor Co Ltd will lay off about 1,000 workers in Mexico at two factories, citing “challenging market conditions,” the company said on Thursday. […]
December 20, 2018

Oil prices tumble to lowest in more than a year as equities sell off

Oil prices fell about 5 percent on Thursday, hitting their lowest level in more than a year on worries about oversupply and the outlook for energy […]
December 20, 2018

GM to respond by January 7 to Canada union proposals to save Ontario plant

General Motors Co will respond by Jan. 7 to Canadian union proposals to keep an Ontario auto assembly plant open, the head of Canada’s largest private […]
December 20, 2018

Twitter Inc: Falls on short-seller Citron Research’s report

– Shares of social media company Twitter down 11.3 pct at $29.22; set for its biggest one-day pct fall in nearly five months Powered by WPeMatico
December 20, 2018

ExxonMobil shelves Canada LNG export project

U.S. oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, […]
December 20, 2018

Fate of Ohio car plant to be settled with union next year: GM

General Motors Co said on Thursday the fate of its Lordstown, Ohio, car assembly plant, which Tesla Inc Chief Executive Elon Musk has suggested he might […]
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