Business & Finance News
Wall Street’s main indexes were set to open slightly higher on Thursday after losing 3% in the past two sessions after data pointed to the risk of a slide into recession, with investor attention now squarely on services data due later in the day.
Brazilian planemaker Embraer has delayed its expected timeline for the closing of a major deal with Boeing to early 2020, according to a securities filing on Thursday.
World stocks hovered near four-week lows on Thursday and yields on major benchmark bonds slipped after Washington moved to impose new tariffs on European goods, fuelling fears about global growth and dousing risk appetite.
Constellation Brands Inc raised its full-year adjusted profit forecast on Thursday, after beating Wall Street estimates for second quarter profit on the back of strong summer demand for Corona and Modelo beers.
President Donald Trump hailed a “nice victory” on Thursday after the United States got the green light to place tariffs on European Union goods in a row over EU aircraft subsidies.
Britain is disappointed by U.S. government’s plans to slap tariffs on European-made Airbus planes and duties on Scotch whiskies, Prime Minister Boris Johnson’s spokesman said.
PepsiCo Inc beat third-quarter profit estimates and forecast upbeat revenue growth for 2019 on Thursday, as aggressive advertising and a focus on healthier products spurred demand for its beverages and snacks in North America.
Wall Street’s main indexes were set for a higher open on Thursday, after losing 3% in the past two sessions on fears that the domestic economy was heading toward a recession.
The Scottish government said on Thursday that the imposition of U.S. tariffs on various goods including Scottish whisky indicated that the United Kingdom could not offset the damage from Brexit by striking a trade deal with U.S. President Donald Trump.
U.S. consumers will pay around $5 a kilogram more for Italian Parmesan cheese because of duties announced by Washington on a range of European goods, a cheesemaking consortium said on Thursday, complaining it was set to take an unfair hit in the trade spat.
Ride-hailing company Uber Technologies Inc is taking to the air in New York City where users with a little cash to spare will soon be able to book helicopter flights to John F. Kennedy International airport through their apps.
The Prague City Court ruled on Thursday to invalidate an order for Volkswagen to pay Czech customers more than 500 million crowns ($21.27 million) in damages for the Dieselgate affair, news website www.idnes.cz reported.
The view from Wall Street may be all trade wars, tariffs and uncertainty these days, but ask a Main Street banker and things are pretty darn good.
PepsiCo Inc beat quarterly revenue and profit estimates on Thursday, as ramped up advertising and new low calorie versions of Gatorade boosted demand for its beverages in North America.
Britain said on Thursday it was seeking confirmation from the World Trade Organization that it had complied fully with its rulings and should not be facing tariffs.
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