Stocks jump, Treasury yields soar on news of U.S.-China trade talks
Stocks worldwide hit one-month highs and U.S. Treasury yields surged on Thursday as renewed U.S.-China trade optimism and upbeat U.S. economic data boosted risk appetite and lured investors away from safe-haven assets.
Exclusive: Middleman implicates top executives at Vitol, Trafigura in alleged bribery ring
A middleman in a graft scheme at Brazilian state oil company Petrobras has implicated the chairman of global energy trading firm Vitol in a bribery operation to obtain oil contracts, as well as two high-ranking executives at rival Trafigura and its for…
Walgreens changes firearm policy, joining Kroger and Walmart
Walgreens Boots Alliance Inc said on Thursday it would start asking customers to no longer carry firearms in its stores, joining Walmart Inc and Kroger Co in tweaking its gun policy following several deadly shootings in the United States.
Peugeot, Dongfeng agree to restructuring plan for Chinese venture
Peugeot automaker PSA Group and its Chinese partner Dongfeng Group have hammered out a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025, PSA said on Thur…
Robust economic data, easing trade worries push Wall Street higher
U.S. stocks hit a one-month high on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased concerns of a domestic slowdown.
U.S. services sector suggests economy weathering trade storm
U.S. services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.
Kone explores partnership to bid for Thyssenkrupp elevator business: sources
By Christoph Steitz, Edward Taylor, Tom Käckenhoff and Arno Schuetze
Strong economic data, easing trade worries push Wall Street higher
U.S. stocks hit one-month highs on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data allayed some concerns of a slowdown.
Paxos gets U.S. regulator nod for gold-backed token, dollar-backed stablecoin
Paxos Trust Company launched the first regulated, gold-backed digital token and later this month will debut a stablecoin pegged to the U.S. dollar, after getting approval from New York regulators on Thursday.
Exclusive: Exxon agrees $4 billion sale of Norway oil and gas assets – sources
(The September 5 story corrects spelling of HitecVision, paragraph 7.)
