Oil falls for a second day amid rising U.S. inventories, output
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose against expectations as production hit a record.
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose against expectations as production hit a record.
Panasonic Corp said it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers.
Cabin crew union UFO on Thursday said that wage talks it held with Lufthansa ended without results, adding that it would now prepare for industrial action at the German carrier.
Nissan Motor Co. is introducing a new, higher-tech production system globally to try to boost efficiency as it looks to reverse a slide in profitability.
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China.
A four-day rally that had lifted world stocks to near-record highs stalled on Thursday as a U.S. bill backing Hong Kong's protesters became law, provoking China's ire and threatening to derail an interim trade deal between Washington and Beijing.
Amazon is not breaching trade mark rights by stocking and shipping goods for third-party sellers, an adviser to Europe's top court said on Thursday, siding with the U.S. online retail giant against U.S. cosmetics company Coty .
China's factory activity is expected to have contracted for the seventh straight month in November amid sluggish domestic demand a Reuters poll showed, despite some optimism over chances for an interim deal to de-escalate a trade war with the United States.
Amazon does not breach trade mark rights when it stocks and transports goods for third-party sellers, an adviser to Europe's top court said on Thursday, siding with the U.S. online retail giant against U.S. cosmetics company Coty.
Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.
European Union lawmakers approved an increase in U.S. beef imports to the EU on Thursday, a move likely to ease transatlantic tensions.
China on Thursday reiterated its pledge to further widen market access for foreign capital and lower non-tariff trade barriers, as it aims to boost flagging trade amid a slowing economy and a trade war with the United States.
Axel Springer's price-comparison shopping service Idealo and 40 other European peers have accused Alphabet Inc's Google of tilting the playing field in its favor and urged EU antitrust regulators to enforce a ruling against the company.
The retail portion of Saudi Aramco's initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals ($10.2 billion), lead manager Samba Capital said on Thursday.
Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits.