Futures edge lower as investors await fresh triggers
U.S. stock futures ticked lower on Thursday after three days of declines, as investors sought fresh reasons to buy following a strong run in stocks this year.
Xerox restructures business to create holding company
Xerox Corp said on Thursday it will implement a structure in which the printer maker will become a wholly owned unit of a new holding company.
Rent the Runway and West Elm partner to rent customers home decor
Rent the Runway will partner with Williams-Sonoma Inc’s West Elm brand to allow subscribers to rent home decor, the clothing rental company said on Thursday.
Deutsche Post plays down impact of trade tensions on its business
Deutsche Post DHL Group on Thursday forecast profit growth for this year that lagged analysts’ expectations, but played down concerns over global trade, saying more complex supply chains could in the near term benefit its business.
Ghost workers sap Tunisia’s phosphate wealth
METLAOUI, Tunisia – Tunisia’s state phosphate firm CPG pays Abdel-Basset Klifhi a salary of $280 a month, even though he spends most days in his favorite cafe in the southern town of Metlaoui.
Huawei fights back against U.S. blackout with Texas lawsuit
Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday, saying a law limiting its American business was unconstitutional, ratcheting up its fight back against a government bent on closing it out of global markets.
Global stocks stuck in worst run of the year ahead of ECB
World stocks were stuck in their worst run of the year and bonds were on the rise on Thursday, as investors waited for confirmation that the European Central Bank will start shoveling cheap cash at the euro zone again.
Deutsche Post sees no slowdown in trade despite tension
Deutsche Post DHL Group said it expected slower profit growth this year than analysts predicted but did not see a major impact on global trade from geopolitical tensions.
Huawei fights back against US black out with Texas lawsuit
Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday saying a law limiting its U.S. business was unconstitutional, racheting up its fight back against a government bent on closing it out of global markets.
Unlikely twins and differing fortunes: Malaysia’s Petronas & Indonesia’s Pertamina
On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID.
