Wednesday 13 February 2019

Exclusive: FBI investigating top Vitol executives in Americas - sources

Exclusive: FBI investigating top Vitol executives in Americas - sources

The FBI is investigating energy trading firm Vitol's top two executives in the Americas in connection with a Brazil bribery case, two sources with direct knowledge of the matter said, deepening the U.S. role in a probe of foreign oil firms' dealings with state-controlled Petrobras.

Exclusive: Volkswagen, Ford far apart on investment in Ford autonomous unit - sources

Partners Volkswagen AG and Ford Motor Co are at odds over how much the German automaker will invest in the No. 2 U.S. automaker's self-driving vehicle unit, with Ford seeking at least $500 million, people familiar with the negotiations said. Analysts and investors have focused on the potential savings their alliance could generate, so any sign of problems in the negotiations is not welcome news.

Democratic lawmakers say U.S. military action in Venezuela 'not an option'

Democratic lawmakers on Wednesday said Congress would oppose U.S. military intervention in Venezuela and challenged the credibility of President Donald Trump's special envoy, Elliott Abrams, over his past embrace of American covert action.

Trump: China trade talks going 'very well' before high-level parley

U.S. President Donald Trump said on Wednesday trade talks with China were "going along very well" as the world's two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal.

Trump, Xi expected to meet 'sometime in March': USDA official

U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet next month, a U.S. Department of Agriculture official said at an industry event on Wednesday, as the two countries try to hammer out a deal to end a tit-for-tat tariff battle.

Apple ramps up self-driving program as Waymo says its tech improves

Apple Inc has sharply increased its efforts to test self-driving cars on public roads but lags far behind market leader Waymo on a key safety metric, according to data released on Wednesday by the California Department of Motor Vehicles.

U.S. charges former top Apple lawyer with insider trading

The former top corporate lawyer at Apple Inc was criminally charged by the U.S. Department of Justice on Wednesday with insider trading ahead of six of the iPhone maker's quarterly earnings announcements.

Wall Street extends gains as trade talks progress

Wall Street extended its gains on Wednesday as investor optimism was stoked over hopes that the United States and China could iron out a trade deal, and tame inflation data suggested the Fed would hold interest rates steady in the near term.

U.S. posts another budget deficit as tax revenues sag

The U.S. federal government ran a $14 billion budget deficit in December as revenues sagged following last year's tax cuts even as the economy appeared strong, Treasury Department data showed on Wednesday.

USDA official hopes year-round E15 gas approved soon, but sees fallback

The U.S. Department of Agriculture's deputy secretary said on Wednesday he is "hopeful" the administration will complete its rule allowing year-round sales of a higher ethanol blend of gasoline by summer, but the government should use "discretionary enforcement" of the summertime ban if there is a delay.

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