Oil at highest since September on trade hopes, U.S. crude supplies
Oil prices were at the highest in more than three months on Thursday, buoyed by hopes of an end to the China-U.S. trade fight and by a report showing lower U.S. crude inventories.
Stocks rally to record highs; gold gains
Gold prices rose and a gauge of global equity markets hit an all-time high on Thursday in light holiday trade as a year-end rally on Wall Street advanced further on optimism over a U.S.-China trade agreement.
Holiday season package returns to hit a record high, says UPS
United Parcel Service Inc expects returned packages to hit a record high following this year’s holiday shipping season, as consumers shopped more online, the package delivery company said on Thursday.
Oil nears $68, highest since September, on trade hopes, OPEC
Oil rose towards $68 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply.
Festive Wall St. set to stay near record levels on trade deal hopes
U.S. stock indexes were set to open near record highs on Thursday and the S&P 500 was on course for its best year since 2013 on optimism over an imminent U.S.-China trade deal.
Futures hover near record highs as investors count on trade deal
U.S. stock index futures were near record highs on Thursday on optimism that an initial U.S.-China trade deal would be signed soon, easing a dispute that has rattled global markets for the past 17 months.
Tiffany sees rise in holiday sales on higher China spending
Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , on Thursday estimated sales growth of 1% to 3% during the holidays, with the biggest contribution coming from China and a recovery in the Americas.
Oil hits highest since September on trade hopes, OPEC cuts
Oil rose further above $67 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, by hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply.
China Southern Air Holding sets up one billion yuan cargo company
China Southern Air Holding, the parent of China Southern Airlines , has set up a cargo company with registered capital of 1 billion yuan ($143 million), as it looks to consolidate its air cargo assets through state-led reforms.
China commerce ministry says in close touch with U.S. on signing trade deal
China is in close touch with the United States on signing a Phase 1 trade deal, the country’s commerce ministry said on Thursday, adding that both sides are still going through necessary procedures before the signing.
