Highlights: Draghi comments at ECB press conference
The European Central Bank left its policy stance unchanged as expected on Thursday, keeping a rate hike later this year on the table even as the euro zone economy suffers its biggest slowdown in half a decade.
Union Pacific profit beats on higher industrial demand, cost cuts
U.S. railroad operator Union Pacific Corp on Thursday reported a better-than-expected quarterly profit, as higher demand for industrial shipments and cost controls bolstered results.
U.S. weekly jobless claims lowest 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.
Elliott expresses doubts over Thyssenkrupp split: source
Activist fund Elliott has expressed doubts over Thyssenkrupp’s plans to split in two in a letter sent to the conglomerate’s chief executive last month, a person familiar with the matter told Reuters.
Exclusive: U.S. voices concern as India’s e-commerce restrictions hit Amazon, Walmart – sources
The United States government is concerned about India’s revised e-commerce regulations and has told officials in New Delhi the policy will hinder the Indian investment plans of Amazon.com and Walmart Inc, three sources familiar with the talks told Reut…
Gloomy data pushes euro lower but will Draghi worry?
The euro retreated while stocks and bonds rallied on Thursday, as painful data from France and only modestly better readings from Germany set the tone for the European Central Bank’s first meeting of the year.
Renault names new leaders as scandal-hit Ghosn bows out
Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French carmaker and its alliance with Japan’s Nissan.
New Renault chairman Senard to focus on alliance with Nissan, Mitsubishi
Jean-Dominique Senard, the new chairman of French carmaker Renault , said he would focus on talks to cement Renault’s alliance partnership with Japanese peers Nissan and Mitsubishi .
Statement from the ECB following policy meeting
Following is the statement from the European Central Bank following its policy meeting.
Hedge fund prepares proxy fight to oust board at embattled PG&E
PG&E Corp shareholder Blue Mountain Capital Management LLC is preparing to launch a proxy fight to oust the embattled California utility owner’s board, arguing that the company is harming investors with its plan to seek bankruptcy protection in the wake of catastrophic wildfires.
