Business & Finance News
Saudi Arabia’s energy minister denied a Reuters report that state oil giant Aramco’s initial public offering will be called off, in a statement issued early on Thursday.
Asian shares started cautiously on Thursday as a deadline loomed for fresh U.S. tariffs on China and amid speculation U.S. President Donald Trump’s political position could be threatened by the legal woes of two former advisers.
U.S. economic growth will slow steadily over the coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists who expect President Donald Trump’s trade war to inflict damage.
U.S. and Chinese officials met for the first time in more than two months to try find a way out of their deepening trade conflict, but there was no evidence that the low-key discussions would halt a new round of U.S. tariffs due on Thursday.
Bombardier Inc on Wednesday appointed Danny Di Perna as its aerospace unit’s chief operating officer.
Proxy adviser Glass Lewis & Co has recommended that shareholders in British sportswear retailer Sports Direct International Plc vote against some directors, including Chief Executive Mike Ashley and Chairman Keith Hellawell, at the company’s annual meeting on Sept. 12.
Investors in the debt and in the equity options of electric carmaker Tesla are betting the take-private deal described by Chief Executive Elon Musk will not materialize.
U.S. stocks were mixed on Wednesday, with the Nasdaq gaining on the strength of tech stocks while the S&P 500 was little changed as it marked its longest bull-market run.
Key U.S. government debt yields slid to six-week lows on a flight to safety bid and the dollar slid further on Wednesday as investors weighed how a conviction and a guilty plea of former advisers will impact U.S. President Donald Trump.
Chipmakers, cloud-computing sellers and even credit card payment companies will have a greater chance to stand out in the information technology sector next month following the largest-ever shakeup of Wall Street’s industry classification system.
Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the U.S. central bank’s last policy meeting showed.
A Missouri trial court judge has affirmed the massive $4.69 billion verdict against Johnson & Johnson in a case involving 22 women and their families who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.
The S&P 500 was little changed on Wednesday after the release of the Federal Open Market Committee’s minutes from its last policy meeting as the index marked its longest bull-market run.
JPMorgan Chase & Co is extending its Sapphire credit card brand into checking accounts at the largest U.S. bank to attract increasingly wealthy millennials as lifetime customers, it said on Wednesday.
U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve’s last policy meeting showed on Wednesday.
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