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Updated: 34 min 41 sec ago

U.S. judge assessing CVS merger with Aetna orders hearing

Thu, 03/14/2019 - 20:16
A U.S. judge who has been asked to sign off on a government agreement that allowed CVS Health Corp to buy health insurer Aetna ordered a hearing for April 5.

China customs lifts suspension on Tesla Model 3 imports

Thu, 03/14/2019 - 20:15
China's customs authority has lifted its suspension on imports of Tesla's Model 3, an official in the authority's news department told Reuters on Thursday.

Mnuchin says government will shield Trump's tax returns, same as any taxpayer's

Thu, 03/14/2019 - 20:07
The U.S. Treasury will work to shield President Donald Trump from a congressional request to see his tax returns, protecting his privacy just like it would for any taxpayer, Treasury Secretary Steven Mnuchin said on Thursday.

India to buy 12 percent less Iran oil in April versus March: sources

Thu, 03/14/2019 - 19:39
Indian state refiners will lift 8 million barrels of Iranian oil in April, a decline of about 12 percent from the previous month, industry sources said, as the nation is in talks with the United States to renew the waiver from U.S. sanctions against Tehran.

Despite Andean sun, renewable energy in Colombia faces cloudy outlook

Thu, 03/14/2019 - 19:38
The 36,000 solar panels gleam in the tropical heat of a valley outside the city of Yumbo in western Colombia, feeding dozens of megawatts to a nearby soft drinks factory as well as the national grid.

Wall Street muted on trade uncertainty, housing data disappoints

Thu, 03/14/2019 - 19:24
U.S. stocks flitted between gains and losses on Thursday as uncertainty over when a trade deal between the United States and China would be reached clouded sentiment.

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

Thu, 03/14/2019 - 19:22
Abu Dhabi state investor Mubadala has suspended new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.

GE expects rebound after tough 'reset' year in 2019; shares climb

Thu, 03/14/2019 - 18:57
General Electric Co promised on Thursday that its earnings would improve in 2020 and beyond after a difficult, "reset" year in 2019, sending shares higher in midday trading.

Trump eyes big trade pact with Britain, says EU deal ongoing

Thu, 03/14/2019 - 18:54
U.S. President Donald Trump said on Thursday he anticipated a "large scale" trade agreement with the United Kingdom, as Britain faces a delay to its exit from the European Union after parliament rejected the government's Brexit deal.

Oil prices mixed as OPEC renews call for cuts, lowers demand outlook

Thu, 03/14/2019 - 18:49
Oil prices were mixed on Thursday after touching four-month highs as OPEC stressed the need to extend its production cut program past June while lowering its forecast for crude demand.

Embraer posts loss on executive-jets charge ahead of Boeing deal

Thu, 03/14/2019 - 18:19
Embraer SA reported an unexpected loss on Thursday due to a writedown in its underperfoming executive jets division, adding to concerns over its potential future earnings after it sells its profitable commercial jet unit to Boeing Co.

Toyota investing $749 million in five U.S. plants, adding 586 jobs

Thu, 03/14/2019 - 18:11
Toyota Motor Corp said on Thursday it will invest $749 million in five U.S. plants and add 586 jobs as it boosts engine production capacity and adds new hybrid models to its lineup.

Exclusive: Retailer Pier 1 taps debt restructuring lawyers - sources

Thu, 03/14/2019 - 18:08
U.S. home furnishing retail chain Pier 1 Imports Inc has tapped debt restructuring lawyers to navigate potential negotiations with lenders as it struggles with falling sales, people familiar with the matter said on Thursday.

Job boom to outweigh soft patch as Bank of Canada mulls rate moves

Thu, 03/14/2019 - 18:06
The Bank of Canada is unlikely to cut interest rates to support a flagging economy as long as job growth continues at a robust pace, an analysis of the central bank's response to past divergences in economic data suggests.

EU clinches deal on derivative clearing ahead of Brexit

Wed, 03/13/2019 - 20:51
European Union governments and lawmakers agreed on Wednesday new rules that could force large foreign clearing houses with operations in the bloc to relocate to the bloc if they want to continue servicing their EU clients.

Oil rises as U.S. crude stocks shrink, output growth seen slowing

Wed, 03/13/2019 - 20:42
Oil futures rallied more than 1 percent on Wednesday as an unexpected drop in U.S. crude inventory and a forecast of slower-than-expected supply growth from the world's top crude producer boosted prices.

Del Vecchio wants to split powers with aide as EssilorLuxottica seeks CEO

Wed, 03/13/2019 - 20:41
The top shareholder in EssilorLuxottica sought to ease concerns over governance at the merged Franco-Italian group on Wednesday by saying he would not insist on his right-hand man becoming chief executive of the combined company.

UK would cut tariffs, have no checks on Irish border in no-deal Brexit

Wed, 03/13/2019 - 20:38
Britain said it would eliminate import tariffs on a wide range of goods and keep the border between Ireland and Northern Ireland free of customs checks if it leaves the European Union without a transition deal.

Germany will not look at crashed Boeing 737 MAX black box, Canada grounds jets

Wed, 03/13/2019 - 20:31
Germany's federal agency responsible for investigating air accidents will not analyse the black box from the Ethiopian Airlines plane that crashed on Sunday, casting uncertainty over the process of finding out what may have caused the disaster.

Debenhams rejects Sports Direct complaints about its disclosure

Wed, 03/13/2019 - 20:22
British department store Debenhams on Wednesday rejected what it said were "unfounded and self-serving complaints" from shareholder Sports Direct about its communications to the market before it warned on profit earlier this month.