New year stocks rally stalls as trade talks and data disappoint
The early-year rally in world stocks ran out of steam in Europe on Thursday and the dollar touched a near-three-month low, as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes.
Renault, Nissan in board meetings before expected new Ghosn indictment
Renault directors were due to be updated on the investigation into suspected financial misconduct by alliance boss Carlos Ghosn on Thursday, sources familiar with the matter said, as Nissan’s board met to discuss ways to bolster governance.
Exclusive: Glencore loses exclusive marketing rights to two Libyan crude grades
Trading and mining giant Glencore has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding those rights since the end of 2015, trading sources with direct knowledge said.
M.M. Warburg sues Deutsche Bank over share trade tax
Hamburg-based bank M.M. Warburg & Co said on Thursday it had filed a lawsuit against Deutsche Bank seeking 46 million euros ($53.04 million) that the bank was ordered to pay in capital gains tax.
U.S. buyback market support may wane in 2019
U.S. companies’ shopping spree for their own shares helped put a floor on market declines in 2018. Don’t look for the same level of support in 2019.
Target’s holiday season comparable sales up 5.7 percent
Retailer Target Corp said on Thursday comparable sales grew 5.7 percent for the last two months of the year on the back of a robust holiday selling season that was driven by strong online sales and customer visits.
Nike’s Dutch tax status investigated by EU Commission
The European Commission has opened an in-depth investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the U.S. sportswear maker an illegal advantage.
Ford does not rule out plant closures in Europe as part of overhaul
Ford cannot rule out plant closures as part of its efforts to return its European operations to profitability, Steven Armstrong, group vice president, Europe, Middle East and Africa, said on Thursday.
Sen. Sanders, Rep. Cummings to introduce bill to lower U.S. drug prices
U.S. Senator Bernie Sanders and Representative Elijah Cummings plan to introduce legislation on Thursday aimed at lowering the cost of prescription drugs for U.S. consumers.
Jaguar Land Rover to cut thousands of UK jobs after China, diesel slump
Britain’s biggest carmaker Jaguar Land Rover (JLR) is set to cut thousands of jobs as the company faces lower demand in China and a slump in sales of diesel cars in Europe.
