No preconditions in trade talks with China: White House’s Kudlow
There are no preconditions set ahead of any trade talks with China, White House economic adviser Larry Kudlow said on Thursday ahead of U.S. President Donald Trump’s meeting with Chinese President Xi Jinping this weekend.
Factbox: Activist investor Elliott’s top European holdings
U.S. activist hedge fund Elliott Management announced on Thursday it had taken a 2.1% stake in German agrichemicals and pharma company Bayer Here are some of New York-headquartered Elliott’s top holdings in Europe (in alphabetical order):
Southwest Airlines extends 737 MAX cancellations through October 1
Southwest Airlines Co on Thursday said it was extending the cancellation of Boeing’s 737 MAX planes from its flying schedule until Oct. 1, a day after the Federal Aviation Administration warned it had uncovered a new issue that must be resolved before…
Boeing shares slip as grounded 737 MAX faces new hurdle
Shares of Boeing Co fell 3% on Thursday after the U.S. aviation regulator found a new flaw in the 737 MAX jet, potentially delaying the aircraft’s return to service and piling more pressure on the planemaker’s suppliers.
Wall St. edges higher on tech boost; G20 summit eyed
U.S. stocks drifted higher on Thursday, helped by a rise in technology shares, but gains were limited as investors awaited a G20 meeting for clarity on progress in trade talks between the United States and China.
IBM gains unconditional EU approval for $34 billion Red Hat deal
U.S. tech giant International Business Machines Corp on Thursday won unconditional EU antitrust approval for its $34 billion acquisition of software company Red Hat .
U.S. economy accelerated in first quarter, but momentum fading
U.S. economic growth accelerated in the first quarter, the government confirmed on Thursday, but the export and inventory boost to activity masked weakness in domestic demand, some of which appears to have prevailed in the current quarter.
Facebook outlines ideas for oversight board
Facebook Inc on Thursday released the findings from its consultations with outside experts into its content review process, providing a glimpse into how its plans for a proposed “external oversight board” might take shape.
U.S.-China trade truce hopes rekindle risk appetite
World shares and the dollar were left clinging to gains on Thursday amid conflicting reports on whether the United States and China will agree a truce on trade at a meeting of their leaders this weekend.
Ford to cut 12,000 jobs in Europe by end 2020
Ford said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and huge investments to build low emission cars.
