Business & Finance News
Markets saw a modest rebound in risk appetite on Thursday, as traders took a break from selling beaten-down stocks and pumping money into safe-haven bonds and the dollar.
President Donald Trump said on Thursday the United States was doing well in trade talks with China and that Beijing wanted to make a deal with Washington.
Mexico’s government will send the trade deal known as the United States-Mexico-Canada Agreement (USMCA) to the Senate on Thursday to carry out the process of ratification, President Andres Manuel Lopez Obrador said.
The number of Americans filing applications for unemployment benefits increased moderately last week, suggesting the labor market remains on solid footing even as the economy is slowing.
U.S. economic growth accelerated in the first quarter, the government confirmed on Thursday, but there are signs that the temporary boost from exports and inventory accumulation is already fading, with production at factories slowing.
U.S. stock index futures edged higher on Thursday, taking a breather from a trade tension-driven selloff that has knocked more than 5% off the value of major stock markets since the start of May.
Dollar Tree Inc on Thursday reported quarterly same-store sales at its namesake stores that missed analysts’ estimates, sending its shares down 4%.
Italian biggest retail bank Intesa Sanpaolo reached an agreement with five banking unions for 1,600 voluntary layoffs, unions said on Thursday
Most of the solar cells made by Panasonic at Tesla Inc’s New York manufacturing plant are being purchased by H.R.D. Singapore’s factories in the Philippines, a chief supplier of panels to Japanese eco-homebuilder Ichijo Co Ltd, two sources familiar with the arrangement said.
Dallas-based Greyhound was put up for sale by Britain’s FirstGroup on Thursday as the North American bus line battles to compete with growing pressure from low cost airlines.
Markets saw a modest rebound in risk appetite on Thursday, as traders took a break from selling beaten-down stocks and pumping money into safe-haven bonds and the dollar.
Germany’s financial watchdog Bafin could fine Commerzbank, business daily Handelsblatt reported, adding the lender may have been late in informing markets of a strategic overhaul three years ago.
Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a two-month-old grounding of the Boeing Co 737 MAX jetliner – threatening to put a halt to five years of strong profits in the cut-throat air travel industry.
China is willing to meet reasonable demand for rare earths from other countries, but it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China, its commerce ministry said.
Britain’s FirstGroup plans to sell U.S. coach service Greyhound and spin-off its First Bus operations in an attempt to head off shareholder pressure, lifting its share price by 13% on Thursday.
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