Oil prices fell on Thursday on the prospect of a production increase from Saudi Arabia and Russia and on profit-taking after futures hit four-year highs in the previous session, supported by the imminent loss of Iranian supply through U.S. sanctions.
Wall Street tumbled on Thursday, mirroring a slump in global financial markets, as U.S. Treasury yields surged to multi-year highs on robust economic data and on upbeat comments from the Federal Reserve, sparking fears of accelerating inflation.
A sell-off in U.S. Treasuries pushed yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, weighing on stock markets globally.
Danske Bank faces a widening investigation into suspected money laundering at its Estonian branch.
General Motors Co’s Cadillac outscored Tesla Inc in a new ranking of partially automated driving systems tested by Consumer Reports and released on Thursday.
Activist investor Daniel Loeb’s hedge fund Third Point LLC has demanded access to a trove of records from Campbell Soup Co, ranging from board meeting minutes to financial documents, as it ratchets up a campaign to replace the company’s board of directors, according to a letter seen by Reuters.
Oil held just below four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production increase from Saudi Arabia and Russia.
Danske Bank faces a U.S. criminal investigation into a 200 billion euro ($230 billion) money laundering scandal at its Estonian branch which has rocked investor faith in Denmark’s biggest lender and forced its chief executive to quit.
The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which should continue to underpin economic growth.
Eli Lilly and Co said on Thursday its new two-in-one diabetes drug was successful in lowering blood sugar and reducing weight, sending its shares to a record high and weighing on those of arch-rival Novo Nordisk .
Casino is doing away with cashiers in a new shop near the Champs Elysees in a French version of the Amazon Go checkout-free convenience stores in the United States.
The National Highway Traffic Safety Administration (NHTSA) is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment like steering wheels, pedals and mirrors, according to a document seen by Reuters.
HSBC has hired seven new bankers to expand its power, infrastructure and real estate businesses as part of a global push to serve clients across these industries, the investment bank said in a release on Thursday.
U.S. stocks opened lower on Thursday, in a broad-based decline, after robust economic data and optimistic views from the Federal Reserve pushed government bond yields to multi-year highs, while curbing the appetite for stocks globally.
U.S. stocks were set to open lower on Thursday after robust economic data and optimistic views from the Federal Reserve pushed government bond yields to multi-year highs, while curbing the appetite for stocks globally.
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