Venezuelan opposition condemns Goldman for $2.8 billion bond deal Goldman Sachs Group Inc's statement that it never transacted directly with the government of Venezuelan President Nicolas Maduro when it bought $2.8 billion of bonds for pennies on the dollar was dismissed by the country's opposition on Tuesday as an effort […]
United States
U.S. companies no longer know rules of game under Trump, Hasbro director says Confusion surrounding the trade policies of U.S. President Donald Trump's administration means U.S. companies no longer know the rules of the game, a board member and former CEO of toymaker Hasbro (HAS.O) told an international conference on […]
Oil slips on oversupply worries despite OPEC deal Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for almost three years. Benchmark Brent crude LCOc1 was down 45 cents […]
Senator McCain says Putin bigger threat than ISIS U.S. Senator John McCain said Russian President Vladimir Putin is a bigger threat to global security than ISIS, and warned that the Senate would push for sanctions against Moscow for its alleged interference in the U.S. election. McCain, a leading foreign policy […]
Hyundai plots China branding reboot after missile row Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor (005380.KS) will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people […]
As Fed raises rates, aim is not to roil markets, Williams says The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as […]
Sun Pharma says 2018 sales may fall as U.S. market gets tougher India's largest drug group Sun Pharmaceutical Industries Ltd said on Friday its U.S. sales might fall this year because of pressure on drug prices, signalling tough market conditions in the United States for generic drugmakers. "The U.S. generics […]
Wilbur Ross seeks bigger budget for trade enforcement U.S. Commerce Secretary Wilbur Ross said on Thursday that a $5.5 million increase requested for the agency's enforcement budget this year will have a "real impact" in cracking down on unfair trade practices and export security violations. Ross told a House Appropriations […]
New Ford CEO relies on veterans to reboot profits Ford Motor Co (F.N) on Thursday reshuffled senior management and brought back a former executive from Uber Technologies Inc, signaling its new chief executive officer will rely on tested company veterans to turn Ford around rather than outside talent. James Hackett, […]
Oil drops after OPEC-led output cut extension falls below expectations Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting […]
