U.S. stocks down sharply in midday trade with investors unnerved by China volatility and the continuing slide in oil prices.
Oil slides below $33 a barrel to levels not seen in more than a decade, as a tumble in Chinese equities rattles investors already concerned by near-record production and massive stockpiles of unwanted crude. David Pollard reports. Continue reading
Ford has demonstrated its commitment to developing autonomous cars, saying it plans to triple to 30 the size of its fleet of self-driving test cars. But as Hayley Platt reports, its CEO was keeping quiet at the Consumer Electronics Show about rumours of a deal with Google Continue reading
Heroin traffickers are battling over millions of dollars paid by Canadian mining giant Goldcorp to a gold mining village, sparking murders.
New concerns over China’s economic slowdown send British shares into retreat, with miners falling the most. Kirsty Basset reports.
(BVO) – It was the right client but the wrong amount.
Known as a ‘fat finger’ episode, a junior trader at Deutsche Bank wired $6 billion to a US hedge fund, according to the UK’s FT newspaper.
(REUTERS / EBS) – Take an Austrian student and pit him in a legal battle involving the tech giants of the world, and guess who’ll win.
Well, in this case it was student 1, tech giants 0.
Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.
“We are thrilled with the settlement,” Florida Attorney General Pam Bondi says of the agreement with BP that addressed claims from the U.S. government and the states of Alabama, Florida, Louisiana, Mississippi and Texas.