Chinese trade data calms volatile global markets
Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback.
Petition by Walmart employee to protest gun sales gathers nearly 45,000 signatures
A petition started by a junior Walmart Inc worker in California to protest the retailer’s sale of firearms, following two mass shootings over the weekend left 31 people dead in Texas and Ohio, has gathered nearly 45,000 signatures.
PG&E shareholders outline possible $15 billion rights issue
PG&E Corp shareholders have committed to engaging in a rights offering worth a potential $15 billion in support of a planned reorganization of the embattled company, according to a company filing on Thursday. [https://bit.ly/2GVp33o]
Viacom stages U.S. ad rebound as CBS talks continue
Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon cable networks, beat estimates for quarterly revenue and profit on Thursday, as it posted rare growth in domestic advertising revenue after five years of declines.
Ryanair takes legal action against outgoing COO Bellew
Ryanair has launched legal proceedings against its outgoing Chief Operations Officer (COO) Peter Bellew, whom low cost rival easyJet announced last month it had poached, Irish court filings showed.
U.S. weekly jobless claims fall; labor market strong
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
Wall Street gains on upbeat data, firming yuan
U.S. stocks rose on Thursday as better-than-expected domestic and Chinese data as well as a steadying yuan offered some comfort to investors rattled by an escalation in trade tensions.
U.S. June wholesale inventories revised lower
U.S. wholesale inventories were revised lower to show them unchanged in June, indicating a slowdown in the pace of inventory accumulation that could further weigh on economic growth.
Glencore Zambian unit closes two mine shafts; opposition sees 1,400 job cuts
Glencore’s Mopani Copper Mines in Zambia has closed two shafts at its Nkana mine, the company said on Thursday, a move that an opposition leader said had led to 1,400 job losses.
Wall Street opens higher on upbeat China data, firming yuan
U.S. stocks opened higher on Thursday, as better-than-expected trade data from China and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a recession.
