New York Fed offers to inject more liquidity into the banking system
The Federal Reserve Bank of New York is boosting the size of the cash injections it can make into overnight borrowing markets.
American, Southwest profits rise on strong demand even as 737 MAX hurts
American Airlines Group and Southwest Airlines posted quarterly profit increases on Thursday even as the two U.S. carriers pointed to a rising cost impact from the continued grounding of Boeing 737 MAX.
Saudi Arabia faces reality check as Wall Street heads to Riyadh
Wall Street’s heavy hitters are back in Saudi Arabia but the terms of engagement have changed.
Tesla overtakes GM as most valuable U.S. automaker, short sellers burned
Tesla Inc shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk’s promise of a profit in the third quarter, even as doubts remained about its long-term prospects.
Rosneft switches contracts to euros from dollars due to U.S. sanctions
Russia’s largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions from U.S. sanctions, its Chief Executive Igor Sechin said on Thursday.
Wall Street mixed on earnings reports; trade worries resurface
The S&P 500 and Nasdaq index rose on Thursday, boosted by gains in Microsoft and PayPal, but Vice President Mike Pence’s comments on China rekindled worries ahead of trade talks.
Vice President Pence says Trump hopes to tackle China IP theft after ‘Phase 1’ deal
U.S. Vice President Mike Pence said on Tuesday that the Trump administration is aiming to complete a ‘Phase 1’ deal with China on agricultural purchases next month in Chile and move on to tackle intellectual property theft issues dividing the world’s t…
Fortum CEO says Uniper obstructed proposed purchase: Kommersant
Uniper deliberately obstructed Fortum’s proposed purchase of a stake in the German utility by registering assets in Russia as strategic, Kommersant daily quoted Fortum CEO Pekka Lundmark as saying on Thursday.
Under pressure, Barclays restores UK post office cash withdrawals
Barclays on Thursday said it will maintain customers’ ability to withdraw cash from Britain’s Post Office branches, reversing a change announced earlier this month that angered the public and lawmakers amid cuts to the lender’s branch network.
U.S. VP Pence says Trump hopes to tackle China IP theft after ‘Phase 1’ deal
U.S. Vice President Mike Pence said on Tuesday that the Trump administration is aiming to complete a ‘Phase 1’ deal with China on agricultural purchases next month in Chile and move on to tackle intellectual property theft issues dividing the world’s t…
