Wall St treads water ahead of big bank earnings
U.S. stocks traded in a tight range on Thursday, as losses in the healthcare sector were offset by a rise in industrial shares, with big U.S. banks notching gains ahead of earnings.
U.S. stocks traded in a tight range on Thursday, as losses in the healthcare sector were offset by a rise in industrial shares, with big U.S. banks notching gains ahead of earnings.
Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the bank’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the shareholder said on Thursday.
Wall Street’s main indexes dipped on Thursday, hit by a drop healthcare shares, but gains in financials ahead of big bank earnings helped limit losses.
Oil prices fell nearly 2 percent on Thursday after sources said that OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.
Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the lender’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the activist shareholder said on Thursday.
LVMH shares hit a record high on Thursday and buoyed those of rivals after the Louis Vuitton owner posted strong first-quarter sales and said that demand for its handbags and high-end fashion had picked up in mainland China.
Newmont Mining shareholders on Thursday approved the company’s $10 billion takeover of Goldcorp Inc which is set to create the world’s biggest gold producer with assets across the Americas, Africa and Australia.
New Chief Executive Guillaume Faury imposed his mark on Airbus with a simplified management structure and a manifesto for factory modernization on Thursday, as Europe’s plane giant enters a new phase in its titanic rivalry with Boeing.
The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could assuage fears the economy was rapidly losing momentum.
Stocks on Wall Street and in Europe clung to small gains on Thursday as investors waited for first-quarter earnings reports while U.S. Treasury yields rose after strong U.S. data and a six-month extension of Britain’s deadline to leave the European Union.
Taxi drivers took to the streets of Buenos Aires on Thursday to protest against Uber, underscoring the challenges the ride-hailing giant faces in the fast-growing Latin American market as it prepares to file a much-anticipated initial public offering.
China’s Huawei Technologies said on Thursday the security of its telecoms network equipment was as tight as any, and hit back at the U.S. government for briefing Washington’s allies against it.
Russia’s sovereign wealth fund RDIF plans a joint investment in the next couple of months with Baring Vostok, the private equity group whose executives are facing charges in Russia of fraud, RDIF head Kirill Dmitriev told Reuters.
A Russian banker accused of fraud along with executives from the Baring Vostok private equity fund, has admitted his guilt, Interfax news agency reported, citing a judge reading from investigators’ case files at a hearing in Moscow on Thursday.
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