Stocks and bonds rally as ECB unleashes new stimulus
European stocks climbed on Thursday to their highest in seven weeks and bond yields tumbled as the European Central Bank’s new stimulus measures and mutual concessions by the United States and China in their trade dispute buoyed riskier bets.
U.S. core inflation firms in August; weekly jobless claims fall
U.S. underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.
ECB Draghi: Weaker forecasts don’t account for risk of hard Brexit
European Central Bank President Mario Draghi said on Thursday the bank’s weaker economic forecasts did not take into account the possibility of Britain leaving the European Union without an exit deal, even though the chances of a hard Brexit have incre…
Departure of Nissan’s Saikawa hastened by independent directors: sources
The fate of Nissan CEO Hiroto Saikawa was sealed by two external directors who persuaded the board on Monday to oust the company veteran and spare the carmaker more reputational damage after a string of high-profile scandals, two sources said.
Walmart expands ‘unlimited’ grocery delivery as competition heats up
Walmart Inc said on Thursday it would expand the roll out of its “unlimited” grocery delivery service to 1,400 stores across the United States, as competition intensifies among retailers to deliver online orders faster.
LSE board poised to decide fate of Hong Kong exchange’s $39 billion offer
The London Stock Exchange’s board will meet in coming days to decide on the Hong Kong bourse’s surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal.
Futures gain as Washington delays China tariffs
U.S. stock index futures rose on Thursday after President Donald Trump said the United States would delay scheduled tariff hikes on billions worth of Chinese imports, cooling tensions that have battered financial markets over the last year.
Exclusive: Germany sees windfall from lower borrowing costs, sources say
Germany foresees much lower borrowing costs because of record-low yields, and that could create a windfall of roughly 5 billion euros this year, maybe more, three people familiar with Berlin’s budget planning told Reuters on Thursday.
As trade talks loom, Chinese firms look into buying U.S. farm goods
Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, Beijing said on Thursday, in a further sign of potential de-escalation in the bitter and protracted trade war between the world’s two largest economies.
Apple’s new iPhones shift smartphone camera battleground to AI
When Apple Inc introduced its triple-camera iPhone this week, marketing chief Phil Schiller waxed on about the device’s ability to create the perfect photograph by weaving it together with eight separate exposures captured before the main shot, a feat…
