Articles by admin

U.S. stocks opened higher on Thursday, recovering from a selloff a day earlier as higher oil prices and merger activity helped offset fears of a Sino-U.S. trade war.

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Many Procter & Gamble Co products sold in Canada – from Febreze candles to Gillette shaving foam – will be affected by retaliatory tariffs on U.S.-made goods after Canadian authorities rejected a request for exemptions, a P&G spokesman said on Wednesday.

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Cargill Inc [CARG.UL] reported a quarterly profit on Thursday that more than doubled, boosted by higher demand for beef, even as the global commodities trader wrestled with worries over a trade war between the U.S. and China.

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The three main U.S. indexes were set to open higher on Thursday as oil prices rose and a couple of big deals helped rekindle optimism and offset fears of a Sino-U.S. trade war.

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U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases.

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Broadcom Inc’s surprise bid to buy software company CA Inc knocked $11 billion off the value of the chipmaker in trading before the bell on Wall Street on Thursday, with analysts struggling to find a clear rationale behind the deal.

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U.S. stock index futures bounced back on Thursday, from a drop a day earlier on renewed fears of a Sino-U.S. trade war, as oil prices rose and a couple of big deals helped rekindle optimism as the earnings season kicks off.

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The number of Americans filing for unemployment benefits fell more than expected last week, hitting a two-month low, in a sign that labor market conditions remained robust in early July.

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Delta Air Lines Inc topped estimates for quarterly profit and operating revenue Thursday as a rise in average fares trumped an almost 40 percent surge in fuel costs, pushing shares higher.

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The dollar edged higher to a new nine-day high on Thursday thanks to a bounce in equities and concerns that U.S. inflation pressures will pick up, although worries about an escalation in trade conflict capped gains.

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Delta Air Lines Inc slashed its full-year earnings forecast on Thursday as fuel costs in the second quarter surged 38.8 percent and the company said it expected $2 billion spike in its fuel bill in 2018.

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China’s retaliatory tariffs on U.S. soybeans, threatened for weeks and enacted Friday, have driven down prices and triggered a wave of bargain shopping by importers in other countries stocking up on cheap U.S. supplies, according to a Reuters analysis of government data.

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Britain finally cleared Rupert Murdoch to buy Sky on Thursday, removing the final obstacle to a head-to-head battle between Murdoch’s Twenty-First Century Fox and U.S. rival Comcast for the European pay-TV prize.

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China’s commerce ministry said on Thursday it hopes American firms operating in China will lobby the U.S. government and defend their interests as they will be impacted by U.S. trade action.

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