Year: 2020

World stocks held near record highs on Thursday as some encouraging U.S. data ensured there was no post U.S.-China trade deal hangover for global markets.

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Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman’s strategic vision for the bank is bearing fruit.

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Amazon hasn’t done India any big favours by announcing a new $1 billion investment, its trade minister said on Thursday, laying bare tensions with the U.S. online retail giant during a visit to the country by its CEO Jeff Bezos.

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U.S. corporate reporting season is expected to show lackluster profit growth, and it has already gotten off to a bumpy start, with big banks kicking off the fourth quarter to mixed investor reaction so far on the stock market.

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Morgan Stanley wrapped up the earnings season for big U.S. banks on a resounding note, comfortably beating quarterly profit estimates and raising the possibility that the Wall Street bank could raise its strategic targets.

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An expert committee on Thursday recommended the Federal Aviation Administration’s require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of two fatal Boeing 737 MAX crashes.

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U.S. stock index futures hovered near all-time highs on Thursday on optimism over an initial U.S.-China trade deal and a positive start to the fourth-quarter earnings season.

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Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia , which lost its dominance in the handset market to Apple .

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Morgan Stanley beat estimates for quarterly profit by a wide margin on Thursday, powered by strength in its investment management, bond trading and underwriting businesses.

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French carmaker PSA Group said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and Africa.

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Southwest Airlines Co said on Thursday it would extend cancellations of 737 MAX flights through June 6, as the grounding of the Boeing Co jet threatens to hurt a second straight U.S. summer travel season.

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World stocks remained near record highs on Thursday, after the United States and China signed the first phase of an agreement to end their 18-month trade war.

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Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief’s flight to Lebanon from Japan, where he had been fighting financial misconduct charges.

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Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV.

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China’s Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday.

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