Stocks erase week’s gains after weak manufacturing surveys
Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend.
U.S. antitrust scrutiny tests T-Mobile’s $26 billion bet on Sprint
T-Mobile US Inc’s $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win U.S. antitrust approval, but the bet now looks precarious.
Sino-U.S. trade deal negotiation makes new progress: China’s commerce ministry
There has been new progress in negotiating the text of a Sino-U.S. trade deal, but work remains to be done, China’s commerce ministry spokesman, Gao Feng, told a regular news briefing on Thursday.
Oil prices slip, but ongoing supply cuts support
Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing OPEC-led supply cuts.
Pernod CEO: in regular and ‘courteous’ talks with Elliott
Drinks group Pernod Ricard is having regular and “courteous” talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters.
Unilever first-quarter sales top expectations
Consumer goods group Unilever reported stronger than expected quarterly underlying sales growth, helped by higher prices and volume, and strength in emerging markets.
Nestle upbeat after U.S. and China boost first-quarter growth
Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year.
Grounded Jet Airways’ shares sink, rivals rush to grab market share
Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival’s demise.
Asian shares slip from nine-month high, European PMIs in focus
Asian shares dipped on Thursday amid subdued trade after losses on Wall Street and some profit-taking ahead of a long Easter weekend.
Amazon, facing entrenched rivals, says to shut China online store
Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation.
