Page 2549 - Business Finance
Goldman Sachs names Stephen Scherr as CFO
(Reuters) - Goldman Sachs Group Inc on Thursday named Stephen Scherr as its new finance chief, replacing Martin Chavez.
ECB keeps policy unchanged after nuanced guidance tweak
FRANKFURT (Reuters) - The European Central Bank kept its policy unchanged as expected on Thursday, announcing only a nuanced change in its guidance to remain on track for ending bond buys this year and keeping record low interest rates at least through next summer.
Amazon CEO Jeff Bezos launches a $2 billion philanthropic fund
(Reuters) - Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday launched Bezos Day One Fund, a new philanthropic initiative, with an initial commitment of $2 billion to help homeless families and create preschools for low-income communities.
Analysis: Holes in Swiss property market ring mortgage alarm bells
ZURICH (Reuters) - Nearly four years after a 1930s telephone switchboard centre was transformed into 18 industrial-style loft apartments in Zurich's Wiedikon neighbourhood it is still not fully occupied.
'No-deal' Brexit? Britain sets out the damage for consumers and business
LONDON (Reuters) - Britain published new advice to businesses and the public on Thursday about how to cope with the disruption that leaving the European Union without a divorce deal would cause to everything from data protection to driving licences.
Qualcomm targets $16 billion in first phase of share buyback
(Reuters) - U.S. chipmaker Qualcomm Inc said on Thursday it would buy back about $16 billion of its common stock as part of the previously announced $30 billion stock repurchase plan.
Turkish central bank raises rates sharply, boosts lira
ISTANBUL (Reuters) - Turkey's central bank raised its benchmark rate by a hefty 625 basis points on Thursday, the biggest such increase in President Tayyip Erdogan's 15-year rule, boosting the lira and possibly easing investor concern over his influence on monetary policy.
U.S. consumer prices increase less than expected in August
U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing.
Amazon CEO Jeff Bezos launches a $2 bln philanthropic fund
(Reuters) - Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday launched Bezos Day One Fund, a new philanthropic initiative, with an initial commitment of $2 billion to help homeless families and create preschools for low-income communities.
Singapore's ST Engineering to buy aircraft part maker from GE for $630 million
SINGAPORE (Reuters) - Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million.
Gold near one-week high as Sino-U.S. trade talk hopes pressure dollar
BENGALURU (Reuters) - Gold prices on Thursday held steady near a more than one-week high hit in the previous session, with hopes for a new round of U.S.-China trade talks weighing on the dollar.
Global Markets: Trade hopes, Turkey rate hike feed the bulls
NEW YORK (Reuters) - Signs of movement in the U.S.-China trade stand-off and a rate hike in emerging market trouble spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned.
Qualcomm targets $16 billion in share buyback
(Reuters) - U.S. chipmaker Qualcomm Inc said on Thursday it would buy back about $16 billion of its common stock as part of the previously announced $30 billion stock repurchase plan.
Corrected: Canada's maturing Big Weed hits up Europe hoping for expansion cash
(Corrects Brendan Kennedy's title in paragraph 8)
Global Markets: Trade hopes, bumper Turkey rate hike feed the bulls
LONDON (Reuters) - Signs of movement in the U.S.-China trade stand-off and a bumper interest rate hike in emerging market trouble spot Turkey sent world shares higher on Thursday as risk appetite returned.
Wall Street rises as Apple leads tech rebound, trade worries soften
(Reuters) - A rise in Apple led a rebound in technology shares and boosted all three major stock indexes on Thursday, while trade worries eased after China said it was open to fresh talks with the United States.
ECB keeps policy unchanged, stays on course to curb stimulus
FRANKFURT (Reuters) - The European Central Bank kept policy unchanged as expected on Thursday, staying on track to end bond purchases this year and raise interest rates next autumn, even as protectionist moves around the globe drag on growth.
Three senior StanChart Asia bankers, including telecoms head, to leave - sources
HONG KONG (Reuters) - Three senior Asia-focused bankers at Standard Chartered Plc are set to leave the bank, as it seeks to prune coverage of some industrial sectors while sharpening its focus on others, two people familiar with the matter said.
Global Markets: Trade hopes lift shares, Turkey test awaits
LONDON (Reuters) - World markets calmed after signs of movement in the U.S.-China trade stand-off and ahead of major central bank meetings on Thursday, including emerging market trouble spot Turkey.
Walmart's Jet.com to offer Nike products in bid for urban consumers
NEW YORK (Reuters) - Walmart's Jet.com said on Thursday it will sell Nike Inc products and offer more delivery options, beginning in its top market of New York City, in a bid to sharpen its aim for affluent, urban consumers and better compete with e-commerce rivals like Amazon.com Inc.Walmart Inc acquired Jet for $3.3 billion in August 2016, a deal that was widely considered a watershed moment for its then-struggling e-commerce operation as it got access to both technology and talent through Jet founder Marc Lore and his team.