Swedish, Norwegian crowns lifted by rate decisions; Aussie still strong
The dollar was down 0.1% on Thursday, little changed by U.S. President Donald Trump’s impeachment, while the Swedish and Norwegian crowns both rose slightly following central bank policy announcements that were in line with expectations.
Exclusive: Ant Financial takes stake in Vietnam’s eMonkey: sources
China’s Ant Financial, a fintech affiliate of e-commerce giant Alibaba Group Holding Ltd , has quietly acquired a sizable stake in a Vietnamese e-wallet eMonkey, people familiar with the matter said.
Volkswagen brand to post record profit on SUVs, cost cuts: executive
Volkswagen’s namesake core brand is on track to post a record operating profit this year thanks to cost savings and its increased sales of sports utility vehicles (SUV’s), a senior manager of the unit said.
German court bans Uber services via rental cars in Germany
A German court has banned Uber services in Germany arguing the U.S. ride hailing company lacks a necessary licence to offer passenger transport services using rental cars.
Oil hovers near three-month highs on trade progress, lower inventories
Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China.
China announces new tariff exemptions for U.S. chemical, oil products
China on Thursday unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world’s two largest economies announced a Phase 1 trade deal.
Stocks near record highs, Sweden ends negative rates
World stocks drifted down from the week’s record highs on Thursday, while the crown gained as Sweden’s central bank became the first to raise interest rates from negative territory.
Airbnb wins fight to remain exempt from European property rules
U.S. homesharing site Airbnb on Thursday won its battle to remain exempt from onerous European property regulations, as the EU’s top court ruled it was an online platform and not a property agent.
Italian PM welcomes Fiat Chrysler merger with PSA, says jobs crucial
Italian Prime Minister Giuseppe Conte welcomed the planned merger of Fiat Chrysler with its French rival PSA in an newspaper interview on Thursday, but said protecting jobs would be a top priority.
Dollar unhurt by Trump impeachment; Swedish crown gains
The dollar was down 0.1% in early London trading on Thursday, little changed by U.S. President Donald Trump’s impeachment, while the Swedish crown edged higher when the Riksbank became the first central bank to exit negative rates territory.
