Business & Finance News
Wall Street’s main indexes were set to retreat from one-month highs on Thursday, hit by Morgan Stanley’s weak results and renewed concerns over the progress of Sino-U.S. trade talks.
The German government is debating whether to follow the United States and allies like Australia in restricting China’s Huawei Technologies from accessing its next-generation mobile networks on national-security grounds.
The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.
Citigroup Inc on Thursday named David Livingstone as head of its operations in Europe, the Middle East and Africa region, in place of Jim Cowles, according to a memo seen by Reuters.
Like many Argentine businessmen, Marco Meloni is doing everything he can to avoid laying off staff at his textile factory despite a slump in sales, more than 70 percent interest rates and soaring utility bills.
Morgan Stanley missed analysts’ estimates for quarterly profit on Thursday after spikes in volatility in the end of the fourth quarter hurt trading, sending its shares down 5 percent.
Wall Street’s main indexes were set to retreat from one-month highs on Thursday, hit by weak results from Morgan Stanley and renewed concerns over the progress of Sino-U.S. trade talks.
Wall Street’s main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley’s weak results and renewed concerns over the progress of Sino-U.S. trade talks.
Renault confirmed on Thursday that it was considering new leadership to replace embattled Chairman and CEO Carlos Ghosn, after French Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession.
Japan’s Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Britain, dealing a blow to UK plans for the replacement of aging plants.
Morgan Stanley’s fourth-quarter profit more than doubled from a year earlier when it recorded a $1 billion tax charge due to changes in the U.S. tax law.
PG&E Corp shareholder BlueMountain Capital Management LLC on Thursday “challenged” the U.S. utility’s decision to file for bankruptcy, saying it was unnecessary.
Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a “dovish” turn from the Federal Reserve may mean the drama is over for now.
An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook.
Britain is committed to the nuclear power sector, Prime Minister Theresa May’s spokesman said on Thursday, after Japan’s Hitachi Ltd froze a 3 trillion yen ($28 billion) nuclear power project in Wales.
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