Exclusive: Mexico’s Pemex destroyed resources worth $342 million from two top fields
MEXICO CITY, Jan. 18 (Reuters) – Mexico’s state-owned oil company Pemex has illegally burned hydrocarbon wells worth more than $342 million at two of its major new fields in the…
Read more »
Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…
Read more »
Analysis: Turkey and its markets are heading for an election crossroads
Turkey’s presidential election represents a major split. Side effects of unorthodox economics crucial for voters Repeated periods of market turmoil have led investors to leave Turkey Economists recognize that a…
Read more »
Goldman misses earnings estimates as deal closings slump and consumer business hits
17 Jan. (Reuters) – Goldman Sachs Group Inc (GS.N) reported a larger-than-expected 69% drop in fourth-quarter earnings on Tuesday as it struggled with a slump in deal closings, a drop…
Read more »
Tesla video promoting self-driving has been staged, an engineer testifies
17 Jan. (Reuters) – A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities such as stopping at a red light and accelerating…
Read more »
Analysis: Bond traders are regaining their swagger in interest-obsessed markets
NEW YORK, January 17 (Reuters) – Bond traders are once again stars on Wall Street. Fixed income, currency and commodities (FICC) traders boosted bank profits last year despite bleak deal…
Read more »
Goldman is going to lay off thousands of employees as the number of layoffs on Wall Street increases
NEW YORK, Dec. 16 (Reuters) – Goldman Sachs Group Inc (GS.N) plans to lay off thousands of employees to navigate a tough economic environment, a source familiar with the matter…
Read more »