NEW YORK Oil prices rallied on Wednesday after members of the Organization of the Petroleum Exporting Countries reached an agreement on a production-limiting deal, boosting energy sector shares.
ALGIERS OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
ST. LOUIS Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between.
PARIS Volkswagen AG Chief Executive Matthias Mueller said on Wednesday he is hopeful the German automaker can reach agreement by the end of the year with the U.S. government on the size of a fine to settle a criminal investigation of the company's alleged violations of U.S. clean air laws.
NEW YORK Wells Fargo & Co's unprecedented move to strip Chief Executive John Stumpf of $41 million in stock awards has sent a chill through Wall Street with bankers fearful that a hardening political climate against corporate wrongdoing will encourage boards to be more aggressive about making them forfeit pay.
LONDON Industrial and commodity group Liberty House's bid for Tata Steel UK's speciality steel and pipe businesses is worth nearly 100 million pounds, an industry source told Reuters on Wednesday.
BRUSSELS/FRANKFURT EU antitrust regulators on Wednesday raised a raft of concerns over the proposed $28 billion (£21.56 billion) merger between Deutsche Boerse and the London Stock Exchange , saying it could hinder competition in key financial market activities.
BERLIN The United States on Wednesday began notifying lawmakers that it has approved $7 billion in long-stalled sales of Boeing Co fighter jets to Kuwait and Qatar, and more than $1 billion in Lockheed Martin Corp jets to Bahrain, sources familiar with the decision said.
LONDON Britain's blue-chip share index bounced back from a one-week low on Wednesday as engineering firm Smiths Group surged after posting higher-than-expected profits and miners tracked stronger metals prices.
Credit Suisse Group AG and Barclays Plc are in mortgage-settlement talks with the U.S. Department of Justice, Bloomberg reported, citing sources.