Author: Consultiva

Wall Street drops after weak FedEx outlook; Fed on tap

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U.S. stocks fell on Wednesday after economic bellwether FedEx issued a downbeat profit outlook and as investors waited for more clarity on the Federal Reserve's interest rate forecasts for the rest ... Suite

Get your natural gas in Texas for a dime, prices fall to record low

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Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to a record low due to an equipment failure in New Mexico that stranded gas in the Permian basin. ... Suite

BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros

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BMW expects group pretax profit to fall by more than 10 percent this year, it said on Wednesday as it announced a sweeping 12 billion euro ($13.6 bln) savings and efficiency plan to help offset ... Suite

EU regulators fine Google 1.49 billion euros for blocking advertising rivals

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EU antitrust regulators handed down a 1.49 billion euro ($1.69 billion) fine to Alphabet unit Google on Wednesday for blocking rival online search advertisers, marking the company's third penalty in ... Suite

Volkswagen’s Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining

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Volkswagen's Czech unit Skoda Auto does not expect to repeat the strong wage growth agreed in 2018 again in the latest round of collective bargaining, a board member said on Wednesday. ... Suite

World shares face end to winning streak as Fed looms

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World shares faced an end to their longest winning streak of the year as investors took profits on Wednesday before the U.S. Federal Reserve's policy decision, seen as offering clues to interest rate ... Suite