Wall Street set for slightly higher open after ECB pushes out rate hike
Wall Street was set to eke out gains at the open on Thursday after the European Central Bank kept its interest rates unchanged, pushed out its first post-crisis rate hike to next year and offered banks new rounds of multi-year loans.
ECB statement following policy meeting
Following is the text of European Central Bank President Mario Draghi’s statement after the ECB’s policy meeting on Thursday:
U.S. weekly jobless claims fall; productivity improves
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to strong labor market conditions despite signs that job growth was slowing.
Goldman Sachs further shrinks commodities trading
Goldman Sachs Group Inc , once one of the most active banks in commodities trading, has cut 10 roles to further downsize its global commodities trading division amid rising costs and shrinking profits.
Exclusive: Yelp averts board challenge as SQN endorses changes
SQN Investors LP dropped its threat of challenging Yelp Inc’s board of directors on Thursday, after the company unveiled steps to improve returns that echoed plans the hedge fund had proposed, according to a letter SQN sent to Yelp.
EU accepts Hollywood studios, Sky UK offers to counter geoblocking
The European Commission has accepted commitments offered by top Hollywood film studios and Sky UK on their pay-TV services that will allow European Union consumers outside Britain and Ireland to access films via satellite or online.
ECB seen taking tentative step to prop up ailing euro zone
The following are key quotes from ECB policymakers in the weeks preceding the March 7 policy meeting.
ECB pushes out rate hike and offers new loans to banks
The European Central Bank pushed out the timing of its first post-crisis rate hike to next year at the earliest on Thursday and offered banks new rounds of multi-year cash.
Kroger fourth-quarter profit slides as investments weigh
Kroger Co’s quarterly profit fell as the supermarket chain spends heavily new technology and delivery services to better compete with Walmart and Amazon.
SoftBank launches $5 billion fund to invest in LatAm tech firms
Japan’s SoftBank Group Corp said on Thursday it had launched a new $5 billion innovation fund to invest in technology companies in Latin America
