ECB’s Draghi says economic risks tilt to downside
European Central Bank President Mario Draghi acknowledged on Thursday that risks to euro zone growth had shifted to the downside due to possible fall-out from factors ranging from China’s slowdown to Brexit
MGM Resorts forms committee to evaluate real estate portfolio
U.S. casino operator MGM Resorts International said on Thursday it had formed a committee to evaluate its real estate portfolio.
Audi to cut $17 billion by 2022: Manager Magazin
Volkswagen’s premium brand Audi wants to cut costs by 15 billion euros ($17.02 billion) by 2022, Germany’s Manager Magazin business monthly reported on Thursday, citing Audi executives.
U.S. shutdown ‘extremely negative’ for IPO market: Morgan Stanley CEO
Morgan Stanley Chief Executive Officer James Gorman said on Thursday it would be extremely negative for the initial public offering market if the United States government shutdown goes on much longer.
Nissan CEO welcomes Renault’s appointment of Senard as chairman
Nissan Motor Co CEO Hiroto Saikawa on Thursday welcomed the appointment of Jean-Dominique Senard as chairman of its French automaking partner Renault SA , adding the Japanese firm looked forward to starting a new chapter in their partnership following…
U.S. weekly jobless claims fall to lowest level since 1969
The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated.
Ford says a no-deal Brexit would cost it $800 million this year: Sky
Ford faces an $800 million bill if Britain leave the European Union without a deal, comprising World Trade Organisation tariffs and the impact of a weaker pound, Sky News reported on Thursday, citing internal calculations from the auto company.
American Airlines profit and forecast beat on higher fares
No. 1 U.S. carrier American Airlines posted on Thursday quarterly profit and 2019 guidance that beat Wall Street estimates thanks to higher fares and healthy passenger demand, sending its shares up nearly 6 percent.
U.S. futures hit by Commerce Secretary Ross’s trade comments
The Dow and S&P futures turned negative on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were “miles and miles” from resolving their trade dispute.
ECB to acknowledge weak growth but keep policy unchanged
The European Central Bank is all but certain to keep policy unchanged on Thursday but may acknowledge a sharp slowdown in economic growth, raising the prospect of any further policy normalisation being delayed.
