Wall St. falls more than 2 percent after consumer confidence data
U.S. stocks extended losses on Thursday, with the Dow Jones Industrial Average shedding nearly half of its more than 1,000 point gain notched in the previous session after data showed consumer confidence in December fell to its lowest level since July….
U.S. regulator SEC to operate on partial basis due to federal shutdown
The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it will partially operate with reduced staff during to the ongoing federal shutdown.
U.S. jobless claims signal labor market strength after rough patch
The number of Americans filing applications for jobless benefits fell marginally last week in a sign of labor market strength, with claims appearing to stabilize after drifting higher in recent months.
China’s Sinopec suspends top officials at trading arm
Sinopec has suspended two top officials at its trading arm Unipec and is evaluating the details related to certain crude oil transactions that have incurred some losses, the Chinese state oil company said on Thursday.
France’s Vinci in $3.7 billion swoop on UK’s Gatwick airport
France’s Vinci is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain’s second-busiest airport, London’s Gatwick, for 2.9 billion pounds ($3.7 billion), the construction company said on Thursday.
U.S. jobless claims dip in sign of labor market strength
The number of Americans filing applications for jobless benefits fell marginally last week to near a 49-year low, pointing to underlying strength in the labor market.
Tesla sets up Shanghai financial leasing unit as China plans accelerate
Tesla Inc has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up its push into China.
Dramatic stock market rally runs out of steam
A dramatic global stock rally faded on Thursday after a fall in Chinese industrial profits and in U.S. consumer confidence offered reminders of the pressures on the world economy.
China says direct trade talks with U.S. in January, pledges more opening
China and the United States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said on Thursday, as the world’s two biggest economies advanced efforts to resolve a months-long trade war.
Dramatic stock market rally runs out of stream
A global equity rally fueled by a dramatic surge on Wall Street ran out of steam on Thursday, setting U.S. shares up for a weak opening after a fall in Chinese industrial profits offered a reminder of the pressures on the world economy.
