Exclusive: Aramco Trading Plans To Absorb Motiva Trading Ahead Of Possible IPO
By Julia Payne LONDON (Reuters) – Saudi Aramco is planning to merge two energy trading units, people familiar with the…
Reuters
Volkswagen-led Consortium Obtains 87.38% Of Europcar Shares In Takeover Bid
BERLIN (Reuters) – Volkswagen-led consortium Green Mobility Holdings has acquired 87.38% of France’s Europcar, enough to give it control over…
Growth Stocks Lift Wall Street Ahead Of Fed’s Rate Decision
By Anisha Sircar and Devik Jain (Reuters) – Wall Street’s main indexes climbed more than 1% on Wednesday, boosted by…
ECB Promises New Instrument To Support Indebted Members
By Balazs Koranyi and Francesco Canepa FRANKFURT/MILAN (Reuters) -The European Central Bank promised fresh support and a new scheme on…
U.S. Import Prices Increase Solidly In May
WASHINGTON (Reuters) – U.S. import prices increased solidly in May amid higher prices for petroleum products, but there were tentative…
Oil Prices Stable Ahead Of Expected U.S. Interest Rate Hike
By Rowena Edwards LONDON (Reuters) -Oil prices were stable on Wednesday as the market juggled fears of tight supply with…
IKEA Plans To Sell Factories, Reduce Jobs In Latest Russia Cuts
STOCKHOLM (Reuters) – IKEA said on Wednesday it would sell factories, close offices and reduce its nearly 15,000-strong workforce in…
Emergency ECB Meeting Lifts Europe, Fed Expected To Go Big
By Marc Jones LONDON (Reuters) – European markets rallied on Wednesday as the European Central Bank held an emergency meeting…
IKEA To Further Scale Down Operations In Russia
STOCKHOLM (Reuters) – Furniture giant IKEA said on Wednesday it would further scale its operations in Russia following the country’s…
Global Equity Funds Decline Over 20% This Year
(Reuters) – Global equity funds have shed over 7% this month due to a slump in stock prices as higher…