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
Continue readingTag: United States
VIDEO: BP Says Whiting Refinery Still In Production After Fire
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 …
Continue readingVIDEO: Pressure Builds Within Fed To Signal New Policy Course
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 …
Continue readingVIDEO: HSBC Is Sued In U.S. For $250 Million Over Alleged Role In ‘death Bonds’
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, …
Continue readingVIDEO: Toyota Dreams Of Green Car Future, But Tied To Gas-guzzler Present
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. …
Continue readingVIDEO: Can China Replicate America’s Shale Revolution?
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 …
Continue readingVIDEO: Shire Seeks AbbVie Bid Of Close To 53 Pounds Per Share: Sources
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 …
Continue readingVIDEO: BMW’s $1 Billion Plant Surfs Mexican Investment Wave
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 …
Continue readingVIDEO: Great News For The Auto Industry: The Average Trade-In Has Stopped Aging So Fast
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 …
Continue readingVIDEO: India’s New Party Election Could Lure U.S. Firms
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 …
Continue reading