Shares rise after Fed cut, oil prices jump
A gauge of global equity performance rose Thursday within 1% of a record high a day after the Federal Reserve cut interest rates but crude prices jumped on concerns the weekend attack on Saudi Arabia’s oil facilities pose supply risks.
Tech shares lead Wall Street higher; S&P 500 nears record high
A Microsoft-led rally in technology shares pushed U.S. stock indexes higher on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary intervention.
SEC’s Clayton worries about private markets, negative rates
U.S. Securities and Exchange Commission chair Jay Clayton said on Thursday he was concerned about the growth of private markets and negative interest rates as policymakers try to stimulate growth.
France urges Germany to act on economy sooner rather later
Germany should act sooner rather than later to revive its flagging economy, France’s finance minister said on Thursday, as he struggled to hide frustration with the pace of Berlin’s efforts to engineer a recovery.
India’s Eros Now ties up with Microsoft’s Azure platform
India’s Eros Now said on Thursday it is tying up with Microsoft’s Azure cloud platform to host and stream its digital video offerings, in a boost to the U.S. software giant’s push to expand in the Indian market.
CO2 goals to complicate PSA, Renault labor talks
Renault and PSA Group face a potential stand-off with French workers worried that an industry drive to meet EU emissions targets will fuel demands for concessions in upcoming labor negotiations.
Airbnb plans public listing in 2020
In a short statement posted on its website on Thursday, Airbnb, which is widely expected to list through a direct listing, did not give any details about how it plans to list its shares.
Burger King scraps plastic toys in children’s meals, launches amnesty
Burger King will stop handing out plastic toys in its children’s meals and said on Thursday it was launching an amnesty for customers to return any freebies in a bid to tackle the growing problem of plastic waste.
Microsoft drives S&P 500 near record high
Gains in Microsoft shares pushed the benchmark S&P 500 within striking distance of its record high, a day after the Federal Reserve cut interest rates as expected but played down hopes of further monetary easing.
Banker tells German fraud trial he made millions from ‘astronomical’ trades
A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he earned millions of euros from deals involving “astronomical” trades that prosecutors say were a means to make bogus tax reclaims.
