The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Trading Nationread more
Shares of Petroleo Brasileiro posted their biggest one-day loss in nearly 1-1/2 years on Monday after Brazil's state-run oil company announced a smaller-than-expected increase in fuel prices and withheld details of a new pricing policy.
The company, known as Petrobras, said on Friday it would raise the wholesale price of gasoline 4 percent and diesel 8 percent to cut losses and bring domestic fuel costs closer to international levels.
(Read more: )
Petrobras imports fuel to meet domestic demand and sells it at below-market prices as part of government efforts to control inflation, leading to hefty losses in its refining division.
The increase, Petrobras said, is part of a new fuel-pricing policy, approved on Friday by the Petrobras board, that seeks "convergence" with world fuel prices. The company did not offer details on how the policy would work or how changes in world benchmark fuel prices would trigger changes in local prices.
Investors disappointed by the news sent Petrobras' preferred shares down as much as 7.2 percent to 17.75 reais, their lowest level in six weeks. Common shares fell as much as 9.2 percent.
"Timid price increases and an opaque pricing methodology deteriorate corporate governance perception, weaken the position of a strong, technical management team, have a significant impact on earnings and valuation, and leave the balance sheet extremely fragile amidst a 2014 full of uncertainties," Credit Suisse Securities analysts led by Vinicius Canheu, wrote in an investor note.
(Read more: )
Petrobras' refining-division losses are crimping revenue and profit, forcing the company deeper into debt to finance a $237 billion five-year investment plan, the world's largest corporate spending program.
At 10:42 a.m. (12:42 London time), Petrobras' preferred shares pared some of their losses, falling 5.91 percent to 17.99 reais, while common shares were down 7.75 percent at 16.90 reais.