[ad_1] (Reuters) – Lyft Inc on Wednesday raised the price range for its initial public offering, as investors looked past the ride-hailing startup’s mounting losses to the company’s growing market share against larger rival Uber
U.S. starts anti-dumping probe of wooden cabinets imported from China
[ad_1] FILE PHOTO: Aides set up platforms before a group photo with members of U.S. and Chinese trade negotiation delegations at the Diaoyutai State Guesthouse in Beijing, China February 15, 2019. Mark Schiefelbein/Pool via REUTERS
Swedish authorities widen Swedbank inquiry to include suspected fraud
[ad_1] STOCKHOLM (Reuters) – Sweden’s Economic Crime Authority (EBM) widened its Swedbank investigation to include suspected fraud following a raid on Wednesday on the Swedish bank’s headquarters in an inquiry into its handling of money
S&P 500 slides, bond yields fall on slowdown worries
[ad_1] NEW YORK (Reuters) – The S&P 500 and Nasdaq fell on Wednesday as U.S. bond yields fell again and a prolonged inversion in the yield curve fanned growth worries. Traders work on the floor
Palladium tumbles seven percent as stunning rally hits buffers
[ad_1] (Reuters) – Palladium prices plummeted around 7 percent on Wednesday, the biggest daily percentage drop in more than two years, as investors worried that prices had risen too far too fast and breaks below
Saudi Aramco agrees to buy PIF’s stake in SABIC for $69.1 billion
[ad_1] RIYADH/DUBAI (Reuters) – Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp (SABIC) from Saudi Arabia’s sovereign wealth fund for $69.1 billion, in a deal which the world’s
Saudi Aramco agrees to buy PIF’s stake in SABIC for $69.1 billion
[ad_1] RIYADH/DUBAI (Reuters) – Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp (SABIC) from Saudi Arabia’s sovereign wealth fund for $69.1 billion, in a deal which the world’s
U.S. authority probes Swedbank over money laundering allegations; HQ searched
[ad_1] STOCKHOLM (Reuters) – Swedish authorities searched the head office of Swedbank on Wednesday as part of an investigation into the bank’s handling of money laundering allegations at its Baltic branches. Swedbank’s headquarters are pictured
China’s ZTE Corp lost $1 billion in 2018, despite last quarter rebound
[ad_1] FILE PHOTO: People walk next to ZTE booth at the Mobile World Congress in Barcelona, Spain February 25, 2019. REUTERS/Rafael Marchante/File Photo HONG KONG (Reuters) – China’s ZTE Corp made a net profit of
Ford to exit Russian car market, cede control in joint venture
[ad_1] MOSCOW (Reuters) – Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450