TEXT-Statement from the ECB following policy meeting
Following is the statement from the European Central Bank following its policy meeting.
ECB’s Draghi warns of weaker growth ahead
European Central Bank President Mario Draghi acknowledged on Thursday that economic growth in the euro zone was likely to be weaker than earlier expected due to the fall-out from factors ranging from China’s slowdown to Brexit
‘Under siege’, oil industry mulls raising returns and PR game
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors.
Hedge fund prepares proxy fight to oust embattled PG&E’s board
PG&E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner’s board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming investors.
S&P, Dow dip on Commerce chief Ross’s trade comment; chips buoy Nasdaq
The S&P 500 and the Dow Jones Industrial Average dipped on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, while a rally in chipmakers lifted the Nasdaq.
Oil steady as economy concerns offset support from Venezuela turmoil
Oil prices were steady on Thursday as renewed concerns about the global economic outlook offset support from a U.S. threat of sanctions on OPEC member Venezuela.
Turnaround to integration: Ghosn’s tenure at Renault, Nissan
Carlos Ghosn’s two decades at the helm of Franco-Japanese carmaking alliance Renault-Nissan has formally come to an end with his departure as chairman and chief executive of Renault.
Union Pacific profit beats, boosted by volume and price gains
Union Pacific Corp, one of the biggest U.S. railroads, on Thursday reported higher-than-expected quarterly profit and said efficiency gains will bolster profits in 2019.
Activist Elliott has doubts about Thyssenkrupp split: source
Activist fund Elliott raised doubts about Thyssenkrupp’s plan to split in two in a letter to the conglomerate’s chief executive last month, a person familiar with the matter told Reuters.
U.S., China ‘miles and miles’ from trade deal: Ross
The United States and China are “miles and miles” from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.
