The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars.
President Andres Manuel Lopez Obrador said on Thursday Mexico will not offer more oil joint ventures between private companies and state energy company Pemex indefinitely, raising doubts about auctions set for October.
Oil prices eased off 2019 highs on Thursday ahead of U.S. government data that was expected to show a fifth weekly build in crude inventories, while concerns about slowing global economic growth weighed.
Wholesale prices for lab-grown diamonds have fallen by up to 60 percent since De Beers began selling synthetic stones for jewelry in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall.
U.S. stocks fell on Thursday, pressured by weak economic data and a drop in healthcare shares led by Johnson & Johnson, with investors keeping a close watch on U.S.-China trade talks.
Huawei will present a plan to address British security concerns about its equipment by the end of the first half of this year, a senior company executive said on Thursday, following criticism the Chinese firm has not moved fast enough to fix the issues.
Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market.
Sweden’s and Estonia’s financial watchdogs have opened a joint investigation following a media report linking Swedbank to a Baltic money laundering scandal involving Danske Bank, they said on Thursday.
A long-speculated vehicle to be developed by Apple may turn out to be an electric van rather than a car, a German magazine reported on Thursday.
Shares of Nike Inc fell nearly 2 percent on Thursday, a day after a sneaker worn by emerging basketball star Zion Williamson split in half 33 seconds into a hotly anticipated game between Duke University and North Carolina.
U.S. stocks opened lower on Thursday after a batch of disappointing economic data, while investors tracked U.S.-China trade talks amid signs that the two countries were tackling some of the stickiest issues.
Swedish bank Swedbank said on Thursday it was appointing audit firm EY to carry out an external investigation after a media report linked the bank to a Baltic money laundering scandal involving Danske Bank.
U.S. Agriculture Secretary Sonny Perdue said on Thursday that he hopes the United States will ratify the U.S.-Mexico-Canada trade deal known as USMCA by summer, after Congress has a chance to understand the accord’s provisions.
Signs the United States and China were tackling some of the stickiest issues in their trade war kept world shares near a four-month high on Thursday, though it could not prevent a favorite Chinese proxy, the Aussie dollar, hitting the skids.
New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a further slowdown in business spending on equipment that could crimp economic growth.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
