VIDEO: Wall Street, Europe Buoyed by GOP Senate Win
Republicans had a sweep in the midterm elections and the markets are reacting. WSJ’s Polya Lesova has the details on the News Hub with Simon Constable. Photo: AP
Republicans had a sweep in the midterm elections and the markets are reacting. WSJ’s Polya Lesova has the details on the News Hub with Simon Constable. Photo: AP
BP said its largest U.S. oil refinery in Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production. The company said one worker was taken to an area hospital for treatment, but was later released. BP...
Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade. According to some U.S. central bankers and their close...
HSBC was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled. According to the complaint, HSBC had been a custodian of life insurance policies used as collateral for bonds that...
Toyota Motor Corp is hitching its future to green cars, investing billions of dollars in gasoline-electric hybrids and fuel-cell vehicles, but for now its record profit performance is being powered largely by a gas-guzzling U.S. market. In the United States, relatively cheap gasoline prices helped to spur brisk 9 percent...
On the sidelines of Heard on the Street Live in Hong Kong, Neil Beveridge, senior oil analyst at Sanford C. Bernstein, gives his take on how America’s energy bonanza will affect China, and whether China can create its own shale revolution.
According to people familiar with the matter, Shire Plc is seeking a higher takeover offer from U.S. drugmaker AbbVie that would value the company at about 31 billion pounds. Shire, which on Friday confirmed it has met with AbbVie to discuss a takeover, had asked AbbVie to sweeten its offer...
Luxury car maker BMW revealed a $1 billion Mexican plant investment on Thursday, becoming the latest major automaker to take advantage of the country’s growing industrial base and tariff-free access to the U.S. market. The automaker outlined plans to build a factory in the central Mexican city of San Luis...
Growth in the age of the average trade-in has started to slow. That suggests one of the lessons of the Great Recession continues to wear off – the one where people realized they didn’t actually need to buy a new car anywhere near as often as they did in the...
The sweeping victory of India’s opposition party and its pro-business leader will likely create a more stable, tax-friendly investment climate for U.S. companies, analysts say. On Friday, the Bharatiya Janata Party and its allies won more than the 272 seats needed for a majority in Parliament, pushing the long-dominant Congress...
The boss of U.S. drugmaker Pfizer faces UK lawmakers on Tuesday with a promise and a threat to protect British jobs in his proposed joint creation with AstraZeneca of a global powerhouse upon which he says the latter’s future depends. Ian Read faces hostile questions in parliament over his proposed...
Pakistan has made progress in its economic reforms and the International Monetary Fund’s board will likely meet in late June to decide whether to clear the way for the latest installment in a $6.6 billion loan. Jeffrey Franks, IMF mission chief for Pakistan said “i’m encouraged by the overall progress...
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