Exxon Mobil breaks with past, bulks up energy trading to boost profitExxon Mobil Corp is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit, according to executive recruiters and peop...
Germany hits Mercedes with mass diesel recallGermany ordered Monday the recall of some 774,000 vehicles from Mercedes-Benz maker Daimler across Europe, citing illegal "defeat devices" designed to conceal high levels of harmful emissions from reg...
Report describes Dubai real estate as money-laundering havenWar profiteers, terror financiers and drug traffickers sanctioned by the US in recent years have used Dubai's real-estate market as a haven for their assets, a new report released Tuesday alleges. The...
May sales of BMW, Mini vehicles dipBMW said vehicle sales fell 2.1 percent in May, weighed down by China tariffs, the launch of a new model, and a 13.6 percent drop in German deliveries as cities like Hamburg started banning older dies...
With rate hike in the bag, focus turns to Fed’s policy languageWith the Federal Reserve virtually guaranteed to raise interest rates this week, investors are focused on how the US central bank characterizes its monetary policy as borrowing costs return to more no...
BAT forecasts earnings growth despite currency headwindsBritish American Tobacco said on Tuesday it expects to weather a weaker pound and a slowing market for tobacco-heating devices in Japan to report "good" earnings growth for the full year. The world's...
Malaysian palm oil hits five-week low on lean demandMalaysian palm oil futures extended losses to a five-week low on Tuesday, weighed down by the government's decision to maintain export tax for July and on lacklustre demand. The benchmark palm oil con...