U.S. consumer prices increased by the most in 14 months in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth.
A bipartisan group of U.S. lawmakers will introduce legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to General Motors Co and Tesla Inc before the existing credit comes to an end for them.
Indivior Plc lost three-quarters of its stock market value on Wednesday and former parent Reckitt Benckiser also fell after the U.S. Justice Department accused the British drugmaker of illegally boosting prescriptions for its blockbuster opioid addiction treatment.
European planemaker Airbus said it would propose former Deutsche Telekom chief Rene Obermann as its next chairman starting from 2020, completing the shift to what current chairman Denis Ranque called a "new generation of management".
REUTERS: Ford Motor Co on Wednesday named two company veterans to lead its auto and mobility businesses as the No.2 U.S. automaker shifts its focus to autonomous vehicles and realigns its automobile portfolio. Joe Hinrichs was named president of its automotive unit and Jim Farley as president, new ......
Russian investigators have asked a Moscow court to move US investor Michael Calvey, who is accused of fraud, from pre-trial jail to house arrest.
BERLIN: Britain should be given a reasonable amount of time to work out its exit from the European Union, though the delay to Brexit could be longer than British Prime Minister Theresa May has requested, German Chancellor Angela Merkel said on Wednesday. The EU will grant May a second...
LONDON: World stocks inched up on Wednesday but were still below the six-month high they reached earlier this week as the prospect of the European Central Bank issuing fresh multi-year loans to banks helped offset concerns about U.S. President Donald Trump threatening more tariffs against the ...
REUTERS: Delta Air Lines Inc on Wednesday gave an upbeat profit forecast for the second quarter and reported a better-than-expected quarterly profit, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand. Shares of the No.2 airline rose 3 percent as the ...
Russia's Investigative Committee has asked a court in Moscow to free detained U.S. investor Michael Calvey from custody at a court hearing later this week and to place him under house arrest, the court said on Wednesday.
