Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry
World share markets and bond yields nudged modestly higher on Thursday as the U.S. Federal Reserve’s second interest rate cut of the year and promises of support from other top central banks kept global recession jitters at bay.
France and Germany united on strategy to fight global slowdown: French minister
France and Germany are agreed on a joint strategy to respond to a global economic slowdown at a time of international trade tensions, French Finance Minister Bruno Le Maire said on Thursday.
France and Germany to cooperate on ‘sovereign data infrastructure’: minister
Germany and France intend to pool efforts to create a “sovereign data infrastructure” for Europe so that the continent’s data can be stored and processed at home rather than in the United States or China, German Economy Minister Peter Altmaier said.
Huawei seeks to upstage Apple with Mate 30 smartphone launch
Huawei [HWT.UL] launched its Mate 30 range of smartphones on Thursday, saying its cameras were superior, its wraparound screen brighter and its dimensions more compact than Apple’s iPhone 11 Pro Max launched last week.
We want to set a price for carbon: German finance minister
Germany plans to introduce a carbon pricing model that will encourage companies to invest in technologies that use less carbon dioxide, German Finance Minister Olaf Scholz said on Thursday.
LSE CEO Schwimmer says feels ‘very good’ about Refinitiv deal
London Stock Exchange Group Chief Executive David Schwimmer said he feels “very good” about the proposed $27 billion acquisition of data and analytics company Refinitiv, in which Thomson Reuters has a minority stake.
Military strike against Iran would result in “all-out war”: foreign minister
Any U.S. or Saudi military strike against Iran would bring “all-out war”, Tehran said on Thursday, keeping up a drumbeat of warnings to its adversaries after they accused the Islamic Republic of a strike on Saudi oil facilities.
Wall Street futures tick lower after mixed policy signals from Fed
U.S. stock index futures were lower on Thursday after the Federal Reserve delivered a widely expected interest rate cut but played down hopes of further monetary easing.
Real crunch from Saudi Arabia’s oil outage has yet to be felt
Saudi Arabia’s ability to avert a global oil supply crunch will only become clear in a few weeks, because for now its crude held in storage can fill the gap and mask the scale of damage to its facilities, traders and analysts say.
Ryanair expects to be flying Boeing 737 MAX by February-March 2020
Ryanair thinks February or the start of March is the most realistic timetable for it to start flying the grounded Boeing 737 MAX aircraft, CEO Michael O’Leary said on Thursday.
