Target Corp signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 13%.
Oil prices rose more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced.
Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulphur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.
Global stock markets stumbled and the dollar climbed on Wednesday after China condemned U.S. Senate legislation aimed at protecting human rights in Hong Kong, the latest obstacle to reaching a deal in a prolonged Sino-U.S. trade dispute that has weighed on growth worldwide.
Small car platforms developed by France's Peugeot should be favored if plans to merge PSA and Fiat Chrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.
Wall Street edged lower on Wednesday, as hopes of a trade deal receded following an escalation in tensions between Washington and Beijing that also overshadowed upbeat forecasts from retailers Target and Lowe's.
Completion of a "phase one" U.S.-China trade deal could slide into next year, trade experts and people close to the White House say, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.
Wall Street's main indexes edged lower on Wednesday as escalating tensions between Washington and Beijing raised doubts about a trade deal, overshadowing upbeat earnings from retailers Target and Lowe's.
Federal Communications Commission chairman Ajit Pai will propose on Wednesday splitting a key band of spectrum that had been set aside for auto safety between Wi-Fi use and automakers, sources said.
A new movie could shine a spotlight on potentially toxic chemicals found all around us.
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM.
U.S. President Donald Trump said on Wednesday the United States is continuing to talk to China but gave no other details, as both sides tried to hammer out a phase one trade deal ahead of looming U.S. tariffs due next month.
Malta's biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing "severe shortcomings" that could have allowed money laundering or other criminal activities.
Treasury yields dropped on Wednesday on news a "phase one" U.S.-China trade deal may not be completed this year, according to Reuters sources.
Wall Street's main indexes fell about 1% on Wednesday after a report said a "phase one" trade deal between Washington and Beijing may not be completed this year.