Business & Finance News
Argentina’s likely next President, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.
Trade policy uncertainty driven by the Trump administration’s escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as $850 billion lost globally through early next year, research published this week by the Federal Reserve suggests.
Mexico has made the first moves to launch its annual $1 billion oil hedging program by asking banks for quotes, sources familiar with the deal said, while buying in financial oil options contracts for 2020 has risen in recent days, consistent with the giant trade.
Shares of Slack Technologies Inc recovered initial losses to trade just 2% lower on Thursday, after the workplace messaging firm’s first quarterly report as a public company beat expectations while warning of slowing growth.
Walgreens Boots Alliance Inc said on Thursday it would start asking customers to not carry firearms in its stores, joining Walmart Inc and Kroger Co , in a change of gun policy following several deadly mass shootings in the United States.
U.S. stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased fears of a domestic slowdown.
Kroger Co on Thursday said it would launch its own line of meatless burger patties, as the supermarket chain tries to cater to a growing appetite for plant-based meat alternatives, made popular by Beyond Meat .
Stocks worldwide hit one-month highs and U.S. Treasury yields surged on Thursday as renewed U.S.-China trade optimism and upbeat U.S. economic data boosted risk appetite and lured investors away from safe-haven assets.
A middleman in a graft scheme at Brazilian state oil company Petrobras has implicated the chairman of global energy trading firm Vitol in a bribery operation to obtain oil contracts, as well as two high-ranking executives at rival Trafigura and its former CEO, according to plea bargain testimony seen by Reuters.
Peugeot automaker PSA Group and its Chinese partner Dongfeng Group have hammered out a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025, PSA said on Thursday.
U.S. stocks hit a one-month high on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased concerns of a domestic slowdown.
Walgreens Boots Alliance Inc said on Thursday it would stop shoppers from carrying firearms in its Walgreen stores, joining Walmart Inc and Kroger Co in tweaking its gun policy following several deadly shootings in the United States.
U.S. services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.
By Edward Taylor, Christoph Steitz, Tom Käckenhoff and Arno Schuetze
U.S. stocks hit one-month highs on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data allayed some concerns of a slowdown.
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