(Reuters) – Bank of America Corp joined other lenders in expressing concern about weak oil prices after the No. 2 U.S. bank by assets reported better-than-expected quarterly earnings, helped by a drop in costs and revenue rises in most of its businesses.
BRUSSELS (Reuters) – Europe\’s Industry Commissioner has written to the chief executive of Volkswagen asking for detailed information on cars affected by the emissions scandal and calling for Europeans to be compensated in the same way as U.S. customers.
NEW YORK (Reuters) – Bill Gross, the closely followed investor, said on CNBC on Tuesday that investors should stick with U.S. Treasuries in the wake of recent market turmoil.
NEW YORK (Reuters) – Brent crude rebounded on Tuesday from 12-years lows after data showed record demand in China, but a warning by the world\’s energy watchdog that the market could “drown in oversupply” limited the global benchmark\’s gains and sent U.S. crude down to its lowest since 2003.
(Reuters) – Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016 and could push the price below its current 12-year lows, the International Energy Agency said on Tuesday.
BERLIN (Reuters) – Volkswagen Chief Executive Matthias Mueller has the backing of top players on the supervisory board, a spokesman said, dismissing rumors that support for him is crumbling due to his handling of the emissions crisis in the United States.
(Reuters) – For Morgan Stanley, belt-tightening is becoming a way of life.
DAVOS, Switzerland (Reuters) – Confidence about near-term sales growth among chief executives around the world has fallen to its lowest level in six years as China\’s economic engine slows and a slump in oil prices signals deep unease about the global outlook.
WASHINGTON (Reuters) – The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, as new figures from Beijing showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015.
(Reuters) – A shareholder filed a lawsuit against Viacom\’s board on Tuesday, alleging the company and CBS improperly paid millions to executive chairman Sumner Redstone “while he was physically and mentally incapacitated.”