The U.S. Federal Aviation Administration said it would ban U.S. carriers from operating in the airspace over Iraq, Iran, the Gulf of Oman and the waters between Iran and Saudi Arabia after Iran launched a missile attack on U.S.-led forces in Iraq.
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the specter of a spiraling conflict and disrupted oil supplies.
After years of reconnaissance, China's retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers' fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said.
Asian shares and U.S. treasury yields plunged on Wednesday, while gold and oil shot higher after Iran fired rockets at an Iraqi airbase that hosts U.S. military forces, stoking fears of further sharp escalations in a developing conflict.
The U.S. Federal Aviation Administration (FAA) said it was closely monitoring events in the Middle East and coordinating with U.S. airlines and foreign authorities about aviation safety after Iran launched a missile attack on U.S.-led forces in Iraq.
Wall Street's major indexes declined on Tuesday as investor caution persisted amid a dispute between the United States and Iran, while energy shares fell as oil prices gave back some recent gains.
Samsung Electronics Co Ltd on Wednesday flagged a smaller-than-expected fall in quarterly operating profit, indicating that memory chip prices bottomed out quicker than analysts had anticipated, strengthening hopes of a recovery.
The chair of the U.S. House of Representatives antitrust subcommittee pressed top regulators on Tuesday over merger decisions, including the Justice Department's approval of T-Mobile US Inc's proposed purchase of Sprint Corp .
Oil rose sharply, with U.S. crude rising nearly $3, on Wednesday after the U.S. said its forces in Iraq were attacked by Iranian ballistic missiles, raising the prospect of a regional conflagration that could cut oil supplies.
Nissan Motor Co Ltd's claim that it conducted "a robust, thorough internal investigation" into its former chief, Carlos Ghosn, is a "gross perversion of the truth," his legal defense team said in a statement on Tuesday.
Boeing Co said on Tuesday it was recommending that airline pilots undergo simulator training before they resume flying the 737 MAX, a shift from its previous position that pilots only needed computer-based training.
United Airlines Holdings Inc said on Tuesday it expects a non-cash impairment charge of $90 million in the fourth quarter related to its Hong Kong routes, following anti-government protests in the city.
UBS raised its 2020 target on the S&P 500 to 3,250 from 3,000, a level not too far from where the benchmark is currently.
Wall Street's main indexes fell on Tuesday, dragged down by oil and healthcare stocks as investors nervously awaited further developments on the U.S.-Iran conflict.
Goldman Sachs Group Inc unveiled details about its consumer business for the first time on Tuesday and will start disclosing its results regularly as part of a broader reporting-line shuffle, responding to long-standing requests for more transparency from analysts and investors. The changes are part of Chief Executive Officer David Solomon's effort to get Goldman in line with rivals like JPMorgan Chase & Co that have bigger consumer businesses and share mor