[ad_1] NEW YORK (Reuters) – Oil prices slid 4% on Wednesday on higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks.
Wall Street eases; banks fall with prospect of rate cut, energy drops
[ad_1] NEW YORK (Reuters) – Wall Street eased on Wednesday, with bank stocks declining as prospects of a U.S. interest rate cut rose and energy shares tumbling along with oil prices. A Wall St. street
Germany raises 6.55 billion euros in epic 5G spectrum auction
[ad_1] FRANKFURT(Reuters) – Germany raised 6.55 billion euros ($7.4 billion) from its 5G mobile spectrum auction, the Federal Network Regulator (BNetzA) said on Wednesday after a near three-month battle that will see a fourth operator
Oil falls more than 2% on U.S. crude build, slowing demand fears
[ad_1] NEW YORK (Reuters) – Oil prices sank more than 2% on Wednesday, weakened by another unexpected rise in U.S. crude inventories and by a dimming outlook for global oil demand. FILE PHOTO: Oil facilities
GM to invest $150 million to boost heavy-duty pickup truck production
[ad_1] FILE PHOTO: A Chevrolet 2020 heavy-duty pickup truck is seen at the General Motors Flint Assembly Plant in Flint, Michigan, U.S. February 5, 2019. REUTERS/Rebecca Cook/File Photo FLINT, Mich. (Reuters) – General Motors Co
Trade tensions weigh on Wall Street, hopes of rate cut limit losses
[ad_1] (Reuters) – Wall Street’s main indexes dropped on Wednesday on worries of a prolonged U.S.-China trade war after Washington hardened its stance, but losses were cushioned by a muted reading on inflation that backed
U.S. sanctions Iraq-based company, says it backs Iran’s IRGC
[ad_1] FILE PHOTO: A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the U.S., Iran, China, Russia, Britain, Germany, France and the European Union
Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
[ad_1] OSLO (Reuters) – Norway’s $1 trillion sovereign wealth fund may have to sell its $1 billion stake in commodities giant Glencore, among other companies that derive more than 30 percent of their revenue from
India’s April industrial output grows 2.8%
[ad_1] A worker cuts metal inside a workshop manufacturing metal pipes in Mumbai, India August 11, 2017. REUTERS/Shailesh Andrade/File Photo NEW DELHI (Reuters) – India’s industrial output in April grew 3.4% from a year earlier,
WPP sticks to full-year outlook, Kantar stake sale remains on track
[ad_1] A logo hangs on the wall outside the WPP offices in London, Britain April 30, 2018. REUTERS/Simon Dawson/File Photo (Reuters) – WPP said on Wednesday the sale of a majority stake in data analytics