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7 months 3 weeks ago

Wall St. set to open slightly lower with focus on trade talks

U.S. stock index futures were slightly lower on Wednesday after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China.

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7 months 3 weeks ago

UBS slams French verdict in tax evasion trial

UBS slammed a French court verdict on Wednesday ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) after finding it guilty of aiding tax evasion.

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7 months 3 weeks ago

CVS Health's forecast points to more pain at long-term care business

CVS Health Corp blamed weakness in its long-term healthcare business for a shortfall in its full-year profit forecast, indicating more troubles at the unit it bought about four years ago.

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7 months 3 weeks ago

Oil falls after record U.S. shale output forecast

Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year.

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7 months 3 weeks ago

Southwest cuts growth forecast on government shutdown pain

Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit to first-quarter sales from the longest partial U.S. government shutdown.

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7 months 3 weeks ago

French court fines UBS 4.5 billion euros in tax fraud case

A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.1 billion) in penalties.

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7 months 3 weeks ago

UBS to appeal against French court ruling

Swiss bank UBS will appeal against a French court's ruling that found it guilty of laundering the proceeds of tax evasion, said UBS' general counsel.

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7 months 3 weeks ago

UBS ordered by court to pay French state 800 million euros in damages

A French court on Wednesday ordered UBS to pay the French state 800 million euros ($907 million) in damages, after finding UBS guilty of laundering the proceeds of tax fraud.

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7 months 3 weeks ago

Saudi Aramco to decide in first half on financing SABIC buy: CEO

Saudi Aramco said on Wednesday it expects to decide by mid-2019 how to finance the acquisition of Saudi Arabian Basic Industries Corp (SABIC).

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7 months 3 weeks ago

Former Barclays chairman 'not aware' of Qatar fee document, court told

Barclays' former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari investors in the British bank four years after the payment was agreed.

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