Business & Finance News
Oil rose further above $60 a barrel on Thursday, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy weighed.
A crew of veteran U.S. astronauts and aviators are training in Houston for a manned mission to the International Space Station aboard Boeing’s new Starliner spacecraft, which could also be used to take tourists into space on future missions.
Bayer AG is in mediation to potentially settle thousands of U.S. lawsuits claiming that the company’s Roundup weed killer causes cancer, but some legal experts said the cases raises novel questions that may prevent an easy settlement.
Audi is set to join an alliance with rivals Daimler and BMW to develop advanced driving assistance systems, German weekly Wirtschaftswoche said on Thursday.
South Korea’s Supreme Court will deliver a ruling on the bribery conviction of Samsung Group heir Jay Y. Lee on Aug. 29 in a corruption scandal that led to the ouster of the country’s then-president in 2017, broadcaster YTN said on Friday.
Mediaset has filed a complaint with Italy’s market watchdog, accusing hostile shareholder Vivendi of leaking information with the goal of scuppering a cross-border merger deal, the Italian broadcaster said on Thursday.
All Ryanair flights to and from British and Irish airports have departed without disruption so far on Thursday, the airline said, adding it also expected no impact for the rest of the day from a strike by some of its pilots based in Britain.
Oil steadied above $60 a barrel on Thursday, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy weighed.
Share markets flatlined on Thursday as uncertainty over the outlook for U.S. interest rate cuts following the release of minutes from the Federal Reserve’s last policy meeting kept investors on edge.
All initial Ryanair flights to and from British and Irish airports departed without disruption on Thursday, the airline said, as some of its British-based pilots began a 48-hour strike.
China said on Thursday it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation.
Asian shares drifted off on Thursday as uncertainty over the outlook for both U.S. interest rates and the chance of global fiscal stimulus sucked the life out of markets.
China hopes the United States will stop its wrong tariff action, the commerce ministry said on Thursday, adding that any new tariffs would lead to escalation, despite delays in implementing the levies.
Swiss telecoms firm Sunrise Communications on Thursday stepped up efforts to rescue its takeover of Liberty Global’s Swiss unit amid criticism from its top shareholder, saying it had found new synergies and could cut a planned rights issue to fund the deal.
Novo Nordisk said on Thursday it has filed litigation in a Delaware district court against Mylan aimed at blocking its attempt to market a generic version of the Danish insulin maker’s drug Victoza.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
