Petróleo Brasileiro SA will pay an $853.2 million fine to settle U.S. criminal charges the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the Justice Department said on Thursday.
U.S. stocks opened higher on Thursday, boosted by gains in shares of high-flying companies such as Apple and Amazon, and as the Federal Reserve ended an era of “accommodative” monetary policy.
New orders for key U.S.-made capital goods fell in August after four straight months of strong gains, while shipments barely rose, but that will probably not change expectations of solid growth in business spending on equipment in the third quarter.
U.S. auto sales in September likely fell 6 percent from the same month last year as dealerships felt the mixed impact of hurricanes both this year and in 2017, industry consultants J.D. Power and LMC Automotive said on Thursday.
Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.
Accenture Plc’s fourth-quarter revenue and profit beat Wall Street estimates on Thursday as investments in its fast-growing digital and cloud services businesses paid off.
Accenture Plc , a provider of consulting and outsourcing services, reported an 11 percent rise in quarterly revenue on Thursday as it benefited from investments in digital and cloud services.
Tencent Music, which owns China’s most popular music streaming apps, is often compared to Sweden’s Spotify Technology but it offers more in the way of socially interactive services that is helping it hit bigger notes in money making.
Several large Chinese companies, including tech giant Alibaba , are actively looking at opportunities in Turkey and have met with Turkish firms after the lira’s sell-off has made local assets cheaper, sources familiar with the talks said.
Shares in H&M rose more than 10 percent on Thursday after the fashion retailer reassured investors that it would not need to cut costs further to shift unsold clothing despite a bigger than expected fall in quarterly profit.
Saudi Arabia’s first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may be more important in the long run than high-profile privatizations.
Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.
Europe’s share markets and the euro both took a tumble on Thursday as a report that Italy’s long-awaited budget was facing a delay compounded an already groggy global mood after the third U.S. interest rate rise of the year.
France has no plans for now to sell its 14 percent stake in Air France-KLM , Finance Minister Bruno Le Maire said on Thursday, pressing the group’s new chief executive to focus on increasing competitiveness.
Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried it might need to limit output next year to balance global supply and demand as the United States pumps more crude.
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