Stocks, U.S. yields rise after strong economic data
World stock markets and U.S. benchmark bond yields gained on Thursday following strong economic data as investors assessed the latest developments in global trade relations.
Wall St. gains on earnings boost, strong economic data
U.S. stock indexes rose 1 percent on Monday and were on pace to extend a two-day winning streak, lifted by better-than-expected earnings from Cisco and Walmart, and robust economic data that underscored the strength of the domestic economy.
Corning says it expects no impact from U.S. ban sales to Huawei
Corning Inc on Thursday said it does not believe that a U.S. order potentially restricting sales of components to Chinese telecoms gear maker Huawei Technologies Co Ltd will have any material impact on its overall financial performance.
Lloyds defends CEO pay after investor anger at annual investor meeting
Lloyds Banking Group has defended the 6.3 million pound ($8.06 million) pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade bodies.
Walmart says higher China tariffs will increase prices for U.S. shoppers
Walmart Inc said on Thursday that prices for shoppers will rise due to higher tariffs on goods from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years.
Aiming to re-energize staff, new head of Britain’s BT hands out shares
The new boss of Britain’s BT Group will give each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, in one of his first moves to drive better performance at the telecoms giant.
Brent oil moves toward $73 on Middle East tensions
Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.
Huawei’s $105 billion business at stake after U.S. broadside
The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of telecoms network equipment.
Euro zone banking at risk of dangerous fragmentation, ECB warns
Euro zone banks are turning away from cross-border activity, putting at risk the bloc’s banking union and raising the risk of dangerous fragmentation, European Central Bank Vice President Luis de Guindos said on Thursday.
Wall St. opens higher after upbeat Cisco, Walmart earnings
U.S. stocks opened higher on Thursday, helped by upbeat earnings from Cisco and Walmart, although the Trump administration’s move to blacklist Chinese telecom company Huawei kept chip stocks under pressure.
