Business & Finance News
Pesticides and seeds producer Corteva Inc posted a smaller-than-expected quarterly loss on Thursday as seed sales jumped after historic floods in the U.S. Midwest delayed the spring planting season.
Thomson Reuters Corp , parent of the Reuters News agency, swung to a net loss in the third quarter, reflecting its stake in Refinitiv, but its revenue and operating profit rose.
Oil prices were broadly steady on Thursday despite bearish signals from rising U.S. crude oil stocks and weak factory activity in China.
Cigna Corp raised its full-year earnings target, after reporting a better-than-expected quarterly profit that was driven by a jump in revenue from its health insurance unit and its Express Scripts pharmacy benefits business.
Denmark’s decision to approve the Nord Stream 2 pipeline strengthens Russia and weakens Europe, Ukrainian President Volodymyr Zelenskiy said on Thursday.
Pesticides and seeds producer Corteva Inc posted a smaller quarterly loss on Thursday as historic floods in the U.S. Midwest delayed the spring planting season, pushing seed sales into the third quarter.
World stocks edged to their highest in 20 months on Thursday after the Federal Reserve cut rates even as it signaled it would hold back from further reductions, sending bond yields and the dollar down.
Fiat Chrysler’s Chinese partner Guangzhou Automobile Group said it respected the firm’s decision to merge with Peugeot parent firm PSA and would look to deepen its cooperation with the automaker.
Leaders from the United States and China encountered a new obstacle in their struggle to end a damaging trade war on Wednesday, when the summit where they were supposed to meet was canceled because of violent protests.
IG Metall, Germany’s largest union by members, said on Thursday it would seek to preserve the autonomy of PSA’s German unit Opel after PSA and Fiat Chrysler announced plans to create the world’s fourth-largest automaker.
Nintendo Co Ltd’s second-quarter operating profit more than doubled, blowing past analyst estimates, on strong demand for its Switch console.
Fiat Chrysler and Peugeot owner PSA plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry.
Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a much larger than expected build in U.S. crude stocks.
Qantas Airways Ltd and Southwest Airlines Co are stepping up checks for structural cracks on Boeing Co 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said.
China’s Foreign Ministry said on Thursday that the Chinese and U.S. heads of state have been maintaining contact through various means on trade negotiations.
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