 | | | | Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since 2017. | | | | | | Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA. | | | | | | Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan Chairman Carlos Ghosn center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, two company sources with knowledge of the matter said. | | | | | | U.S. stocks were rebounding sharply on Wednesday, fueled by an Amazon-led surge in retail shares after a steep slide for equities had put the S&P 500 on the brink of a bear market. | | | | | | India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. | | | | | | Stocks and oil prices rebounded on Wednesday as the Trump administration attempted to shore up confidence and markets welcomed a report on strong U.S. holiday spending. | | | | | | Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report on Wednesday, as shoppers were encouraged by a robust economy and early discounts. | | | | | | Wall Street's industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley $10 million on Wednesday for compliance failures in the firm's anti-money laundering program, the regulator said. | | | | | | The family of a man who was killed when a Lion Air flight crashed in October has sued Boeing Co, alleging the 737 MAX 8 aircraft was "unreasonably dangerous" and demanding a jury trial in Chicago, where the U.S. manufacturer is based. | | | | | | Short-seller Citron Research on Wednesday backed Facebook Inc, saying the stock could hit $160 in 2019 as the company's revenue and user base have seen little impact from the reported data scandals and privacy issues this year. | | | | | |
