WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.
(Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday Washington had reached a deal with ZTE Corp that would lift a ban on buying from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business.
LONDON (Reuters) – The euro and bond yields rose on Thursday as investors priced in an early wind-down of European Central Bank stimulus, while renewed risk appetite drove world stocks to a 3-1/2 week high.
ALMHULT, Sweden (Reuters) – IKEA, the world’s biggest furniture retailer, plans to use only renewable and recycled materials in its products by 2030, in the latest commitment by a global store group to reducing its impact on the environment.
WASHINGTON/OTTAWA (Reuters) – U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House’s top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week’s G7 summit in Canada. The meeting on Friday and Saturday in Charlevoix, Quebec, will be the first chance G7 leaders have had to confront Trump in person since U.S. tariffs on steel and aluminum imports from Canada, Mexico and the European Union were imposed last week. …read more […]
CHICAGO (Reuters) – When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor’s degree in biology eight years ago, he thought he would quickly get a job in a laboratory and pay off $30,000 in student loans.
LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and euro zone bond yields extended gains as investors priced in a potentially earlier-than-expected wind-down of ECB stimulus.
FLORENCE (Reuters) – Italy’s Gucci, the fashion brand fuelling a sales boom at Kering , said on Thursday it aimed to keep growing at twice the pace of the luxury market and aims to eventually reach 10 billion euros ($11.82 billion) in annual revenue.
TOKYO (Reuters) – Japan’s Fujifilm Holdings Corp said on Thursday it may have no choice but to abandon a $6.1 billion merger with Xerox Corp if there is no progress in talks with the U.S. firm’s new board for about half a year.
The drugmaker hopes to keep its recent momentum going. But will Valeant’s sizzle fizzle? …read more […]
BANGKOK (Reuters) – Thai Airways International Pcl will undertake maintenance and repair of Rolls-Royce Trent engines and expects additional revenue of up to 5 billion baht ($156.6 million) in 2020 from the business, the carrier said on Thursday.
PARIS (Reuters) – Ford plans to close its Blanquefort gearbox plant in southwestern France if no buyer can be found for the site, which employs 900 workers, the U.S. carmaker said on Thursday.
FLORENCE, Italy (Reuters) – Italy’s Gucci, the biggest earnings driver at French group Kering , said on Thursday it expected sales to grow at twice the pace of the luxury market in the coming years and for revenue to eventually reach 10 billion euros ($11.82 billion).
FLORENCE (Reuters) – Italy’s Gucci, the fashion brand fuelling a sales boom at Kering , said on Thursday it aimed to keep growing at twice the pace of the luxury market and aims to eventually reach 10 billion euros ($11.82 billion) in annual revenue.
LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of stimulus from the European Central Bank.
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