Angola's public prosecutors named former first daughter Isabel dos Santos as a formal suspect on Wednesday over alleged mismanagement and misappropriation of funds during her time as chairwoman of state oil company Sonangol, Portuguese news agency Lusa said.
Lebanon's new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower it needs to tackle these problems.
World stock markets bounced back on Wednesday, even as deaths from China's new virus rose to 17, while oil prices tumbled as a market surplus forecast alleviated supply concerns.
Oil prices fell about 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output.
Wall Street rebounded on Wednesday as a healthy forecast from IBM enticed buyers back to the equity market while investors kept a wary eye on the developing coronavirus outbreak.
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors defended a U.S. extradition request, saying Meng's alleged bank fraud is the heart of the case that has strained relations between Ottawa and Beijing.
Lab-grown meat producer Memphis Meats said on Wednesday it raised $161 million in a funding round led by Japan's SoftBank Group , Singapore's wealth fund Temasek Holdings and Norwest Venture Partners.
U.S. stocks are headed higher, although a 10% correction is "long overdue", Anthony Scaramucci, founder and co-managing partner of Skybridge Capital, said on Wednesday.
Angola's billionaire former first daughter, Isabel dos Santos, has decided to sell her stake in Portuguese bank Eurobic, the small lender said on Wednesday.
The U.S. dollar was unchanged against a basket of currencies on Wednesday as safe-haven demand ebbed along with worries about whether the spread of a flu-like coronavirus would hurt the global economy.
Prosecutors in Canada on Wednesday proposed a $196.5 million (CAD) ($149.5 million) fine against Volkswagen AG after the company pleaded guilty to dozens of counts of diesel emissions violations, a company spokesman confirmed on Wednesday.
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships.
U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its Gulf Coast Express pipeline.
The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes and Boone said in a report released on Wednesday.
The platforms of the Democratic presidential contenders almost unanimously call for Social Security benefit hikes. Yet two leading candidates are at odds over whose intentions are more genuine. Meanwhile, new comments from President Trump prompted concerns that he could introduce cuts. Here's a look at what where the candidates really stand.