Articles by admin

Deutsche Bank AG has received an inquiry from two U.S. House of Representatives committees on the lender’s ties to President Donald Trump, it said on Thursday.

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New York City Transit will stop taking new train car deliveries from Bombardier Inc until it fixes existing cars, as the Canadian aerospace and transportation company faces pressure to improve performance at its rail unit, its largest division by revenues.

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General Motors Co said on Thursday it will invest $22 million at its Tennessee plant to build fuel-efficient engines.

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The United States and China are “miles and miles” from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.

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Ford faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound, a person familiar with the company’s plans said on Thursday.

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A global stock index clung to gains on Thursday and U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China.

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A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever.

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Oil prices were steady on Thursday after U.S. data showing record high gasoline inventories and an unexpected big build in crude offset the United States’ threat of sanctions on OPEC member Venezuela.

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The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated.

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Following is the statement from the European Central Bank following its policy meeting.

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Volkswagen’s premium brand Audi wants to cut costs by 15 billion euros ($17 billion) by 2022, Germany’s Manager Magazin business monthly reported on Thursday, citing Audi executives.

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Poland is set to exclude Huawei from its future 5G network in favour of European players following the arrest of an employee from the Chinese telecoms company on suspicion of spying, officials and industry sources say.

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American Airlines and Southwest Airlines Co on Thursday posted fourth-quarter profits and 2019 forecasts that beat Wall Street expectations thanks to healthy passenger demand and easing investor concerns about slower global economic growth.

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The European Central Bank left its policy stance unchanged as expected on Thursday, keeping a rate hike later this year on the table even as the euro zone economy suffers its biggest slowdown in half a decade.

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