Business & Finance News
Air France-KLM named Air Canada executive Benjamin Smith as its new boss on Thursday, opting for an outsider to steer the airline group through a fraught stand-off with unions at its French carrier.
U.S. stocks bounced back on Thursday, with the Dow setting a course for its best day in over four months, as a series of positive earnings and waning trade jitters girded investor confidence.
U.S. Trade Representative Robert Lighthizer on Thursday expressed hope a breakthrough could be made in the coming days in efforts to rework the NAFTA trade deal, though his Mexican counterpart said flexibility was needed to reach agreement.
Google’s plan to launch a censored search engine in China requires more “transparency, oversight and accountability,” hundreds of employees at the Alphabet Inc unit said in an internal petition seen by Reuters on Thursday.
Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting its banks were healthy and signaling it could ride out a dispute with the United States.
The board of Air France-KLM named Air Canada executive Benjamin Smith as its new chief executive on Thursday, opting for an outsider to try and steer the group through a fraught stand-off with unions at its French carrier.
Lanxess Chief Executive Matthias Zachert is not available to become CEO of Thyssenkrupp , a source familiar with the matter said, ending speculation that he could replace interim CEO Guido Kerkhoff.
White House counsel Don McGahn called the head of Federal Communications Commission in July to ask about the status of Sinclair Broadcast Group Inc’s now abandoned $3.9 billion acquisition of Tribune Media Co .
America’s two biggest independent seed sellers, Beck’s Hybrids and Stine Seed, told Reuters they are pushing U.S. environmental regulators to bar farmers from spraying dicamba weed killer during upcoming summers in a potential blow to Bayer AG’s Monsanto Co.
U.S. President Donald Trump on Thursday again pressed U.S. Attorney General Jeff Sessions to sue drug companies over the nation’s ongoing opioids crisis.
U.S. stocks and emerging market currencies rebounded on Thursday after China said it will hold trade talks with the United States later in August and Turkey’s lira continued its recovery run.
U.S. stock indexes rose about 1 percent on Thursday, helped by upbeat earnings from Walmart and Cisco and easing trade worries after the United States and China said they would hold talks later this month.
Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc .
Citigroup agreed to pay $10.5 million to settle two separate complaints, one relating to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, U.S. regulators said on Thursday.
Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting the country’s banks were healthy and signaling it could ride out a row with the United States.
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