Trump: U.S.-China trade talks scheduled on Thursday ‘at a different level’
U.S. President Donald Trump said negotiators for the United States and China were scheduled to have talks aimed at easing their trade tensions later on Thursday “at a different level,” but did not provide additional details.
Exclusive: India to woo foreign firms like Apple to capitalize on U.S.-China trade war
India is targeting companies including Apple, Foxconn and Wistron Corp with a charm offensive aimed at encouraging them to shift business out of trade war-hit China, according to a source and a document seen by Reuters.
Argentine peso gets knocked lower, country risk soars as govt eyes debt ‘reprofiling’
Argentina’s peso slumped 3% on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to “reprofile” about $100 billion of its debt, leaving investors scrambling to assess what kind of hit they might face.
China trade comments boost Wall Street at open
U.S. stocks opened sharply higher on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, allaying investor worries of the risk of a recession.
UBS’s Ermotti says Swiss bank’s CEO bench at least three deep: NZZ
UBS has least three candidates from inside the biggest Swiss bank who could eventually step into the CEO role, Chief Executive Sergio Ermotti said in a newspaper interview on Thursday on the heels of a big management reshuffle.
U.S. economy slows in second quarter; consumer spending robust
The U.S. economy slowed in the second quarter, but the strongest growth in consumer spending in 4-1/2 years amid a strong labor market could further temper financial market expectations of a recession.
New products, remodelled stores push U.S. dollar chains to boost profit forecast
The top two U.S. discount store chains raised their full-year profit forecast on Thursday as a push on adding a range of new products – from fresh food to self-owned brands – starts to pay off, cushioning a blow from increased tariffs on Chinese import…
Apple to supply parts to independent repair shops for first time
Apple Inc said on Thursday it will begin selling parts, tools and repair guides to independent shops to fix broken iPhones, a major change after years of lobbying against laws in some U.S. states that would have compelled it to do just that.
Argentina bonds plumb new lows, country risk soars, as govt eyes debt ‘reprofiling’
Argentine country risk soared to levels not seen since 2008 and bond prices lurched to record lows on Thursday after the government announced plans to “reprofile” some debt, leaving investors scrambling to assess what kind of hit they might face.
U.S. weekly jobless claims increase slightly
The number of Americans filing applications for unemployment benefits rose moderately, pointing to sustained labor market strength despite slowing economic growth.
