Norway mulls alternatives to sluggish Europe for $1 trillion fund
Norway’s $1-trillion-plus sovereign wealth fund, the world’s largest, may seek to shift the balance of its investments between Europe, the Americas and Asia, a senior official said on Wednesday.
Apple plans to tap China’s BOE Technology for advanced iPhone screens: Nikkei
Apple Inc is in the final stages of certifying advanced screens from Chinese display maker BOE Technology Group Co Ltd for its iPhones, as it attempts to reduce reliance on Samsung Electronics, the Nikkei reported on Wednesday.
EU antitrust regulators raise concerns about Facebook’s Libra currency: sources
EU antitrust regulators want to know whether Facebook’s proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday.
Futures gain on upbeat Target, Lowe’s earnings; Fed minutes eyed
U.S. stock index futures rose on Wednesday as upbeat earnings reports from retailers Lowe’s and Target reflected robust consumer demand, helping ease some concerns around slowing economic growth.
Target raises profit forecast as online sales power second-quarter beat
Target Corp beat Wall Street estimates for quarterly profit and raised its annual forecast on Wednesday, as higher investments to cater to changing shopping habits lifted online sales and attracted more shoppers, sending shares up 7%.
Texas shale towns grapple with growth as oil-bust fears fade
In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.
Resale clothing company thredUP gets $175 million in funding
Online resale store thredUP said on Wednesday it received $175 million in funding which it will use to expand its platform to offer resale clothing services to retailers.
Court grants Ryanair injunction to stop Irish pilot strike
The Irish High Court on Wednesday granted Ryanair an injunction to prevent its Dublin-based pilots from going on strike later this week.
Exclusive: Humbled Noble Group seeks to rebuild LNG, energy businesses: sources
Noble Group Holdings (Noble Holdings) plans to rebuild its liquefied natural gas (LNG) and core energy businesses and develop rare earths as it seeks new life as a niche, Asia-focused commodity trader, sources aware of the matter said.
European stocks recover before Fed minutes, Jackson Hole gathering
European stocks rallied on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars.
