Page 2550 - Business Finance
Wall Street opens higher on tech rebound, easing trade worries
(Reuters) - U.S. stocks opened higher on Thursday, as technology stocks bounced back and trade worries eased after China said it was open to new trade talks with the United States.
StanChart to part ways with three senior Asia bankers in coverage revamp - sources
HONG KONG (Reuters) - Standard Chartered is parting ways with three senior Asia-focused bankers and possibly with some mid- and junior-level bankers, as the British lender moves ahead on a plan to cut costs and revamp its industry coverage, two sources said.
Steel minister wants import duty on coking coal scrapped
NEW DELHI (Reuters) - India's steel minister said on Thursday he wanted the finance ministry to scrap the 2.5 percent duty on imports of coking coal, a key steelmaking raw material, to limit input costs.
Oil slips from four-month highs on economic concerns
LONDON (Reuters) - Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.
Euro zone banks adopt ECB rate after Euribor scandal
FRANKFURT (Reuters) - The euro zone's top lenders decided on Thursday to adopt the European Central Bank's interest rate of overnight inter-bank lending as their new benchmark, in a first move to reform a crucial market compromised by manipulation scandals.
Poland's JSW board meeting cancelled, CEO to stay for now - sources
WARSAW (Reuters) - The chief executive at Poland's coking coal miner JSW will keep his job for now, as the supervisory board meeting that was expected to result in his dismissal on Thursday was cancelled, two company sources said.
Wall Street set to open higher as trade worries ease, tech stocks rebound
(Reuters) - U.S. stock index futures pointed to a higher open on Thursday, as trade worries eased after China said it was open to new talks with the United States and as technology stocks showed signs of a bounce-back.
Bayer's pharma unit head Weinand quits to join Sanofi
FRANKFURT (Reuters) - Bayer, which is revamping its drug development activities, is losing the head of its pharmaceuticals division Dieter Weinand, who will join Sanofi to stem a decline in prices in the French drugmaker's anti-diabetics and established drugs.
Global Markets: U.S.-China 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.
Bank of England holds rates steady, sees greater Brexit uncertainty
The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising rates for only the second time in more than a decade.
Italy's 5-Star keeps up pressure on economy minister over budget
ROME (Reuters) - The largest party in Italy's governing coalition kept up pressure on Economy Minister Giovanni Tria on Thursday to boost spending in next year's budget, as EU authorities advised the country to cut its debt.
Oil drops two percent from 4-month highs on economic concerns
NEW YORK (Reuters) - Oil prices fell more than 2 percent on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.
Corrected: U.S. firms in China feeling 'clear and far reaching' trade war pinch - survey
SHANGHAI (Reuters) - American companies in China are being hurt by tariffs in the growing trade war between Washington and Beijing, according to a survey of hundreds of firms, prompting the U.S. business lobbies behind the poll to urge the Trump administration to reconsider its approach.
Corrected: 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.
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.
Corrected: 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.
U.S. oil producers lock-in 2019, 2020 revenue as prices rally
U.S. shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources familiar with money flows.
Bank of England holds rates steady, sees more Brexit uncertainty
LONDON (Reuters) - The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising borrowing costs for only the second time in more than a decade.
ECB to stay on course to curb stimulus even with wobbly growth
FRANKFURT (Reuters) - The European Central Bank is all but certain to keep policy unaltered on Thursday, making only nuanced changes to its guidance to stay on course to end bond purchases this year and raise interest rates next autumn.
Wall Street gains on tech rebound, trade relief
(Reuters) - U.S. stocks rose on Thursday as Apple led a rebound in technology shares and trade worries eased after China said it was open to fresh talks with the United States.