U.S. stocks fall on weak economic view; oil, gold fall
Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks.
For Sainsbury and Asda, watchdog’s analysis leaves merger in serious doubt
Sainsbury’s planned 7.3 billion pound ($9.5 billion) takeover of Walmart’s Asda can only be salvaged if Britain’s competition regulator fundamentally changes its analysis of Britain’s grocery market, experts said on Thursday.
Ariane 6 rocket sees first commercial deals in race with SpaceX
Ariane 6, Europe’s next-generation space rocket, is expected to win its first two commercial launch orders in coming weeks, company officials said, a key milestone as the European launcher vies for orders against Elon Musk’s U.S. competitor SpaceX.
Nestle investing $115 million to expand Purina factory in U.S.
Nestle is investing $115 million to expand its Purina factory in Bloomfield, in the U.S. state of Missouri, the Swiss foodmaker said on Thursday, as it seeks to increase production of cat litter.
Weak economic data, healthcare shares pull Wall St. lower
U.S. stocks fell on Thursday, following a recent run of gains, pressured by weak economic data and a drop in healthcare shares, while investors kept a close watch on U.S.-China trade talks.
Mexico president says no more Pemex oil joint ventures for now
President Andres Manuel Lopez Obrador said on Thursday Mexico will not offer more oil joint ventures between private companies and state energy company Pemex indefinitely, raising doubts about auctions set for October.
Philadelphia sues seven big banks, alleges municipal bond collusion
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars.
Oil eases from 2019 highs ahead of U.S. inventory data
Oil prices eased off 2019 highs on Thursday ahead of U.S. government data that was expected to show a fifth weekly build in crude inventories, while concerns about slowing global economic growth weighed.
De Beers says lab-grown diamond wholesale prices fall by up to 60 percent
Wholesale prices for lab-grown diamonds have fallen by up to 60 percent since De Beers began selling synthetic stones for jewelry in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall.
U..S can quickly recover lost farm trade to China once deal clinched: Ag Secy
The United States will be able to quickly recover lost markets for U.S. farm products to China once Washington and Beijing clinch a trade deal, U.S. Agriculture Secretary Sonny Perdue said on Thursday.
