Oil slumps to lowest in a year as stock markets sink
Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.
U.S. weekly jobless claims up; mid-Atlantic factory activity slows
The number of Americans filing applications for jobless benefits rose marginally from near a 49-year low last week, suggesting underlying strength in the labor market and broader economy.
Brazil judge again blocks Boeing-Embraer tie-up as deal nears close
A Brazilian judge on Thursday issued his second injunction blocking the proposed sale of 80 percent of planemaker Embraer’s commercial aviation division to Boeing Co , as attempts to stop the deal intensified while the two companies neared closing the…
German court rules Apple infringed Qualcomm patent
A German court ruled on Thursday that iPhone maker Apple Inc infringed a hardware patent of Qualcomm Inc and said the U.S. company could no longer sell some iPhone models in Germany which contain a particular component.
Spooked global funds drive up cash and bond holdings
Spooked by another worldwide stocks selloff, global investors have piled up cash to a more than two-year high this month, hoovered up bonds and cut back property holdings.
U.S. weekly jobless claims rise less than expected
WASHINGTON (Reuters – The number of Americans filing applications for jobless benefits rose marginally from near a 49-year low last week, suggesting underlying strength in the labor market and broader economy.
Tokyo court rejects prosecutors’ appeal against decision not to extend Ghosn’s detention: media
A Tokyo court upheld a decision not to extend the detention of former Nissan Motor Chairman Carlos Ghosn and former Representative Director Greg Kelly, public broadcaster NHK said on Thursday, a move that brings them closer to a release on bail.
Uber resuming self-driving car testing in Pennsylvania
Uber Technologies Inc [UBER.UL] on Thursday is resuming limited self-driving car testing on public roads in Pittsburgh, nine months after it suspended the program following a deadly accident in Arizona.
World stocks suffer as Fed heightens recession fears
World equity markets slipped on Thursday after the U.S. Federal Reserve dashed investor hopes of a more dovish policy outlook, worsening worries of a recession as signs grow that global economic growth is stuttering.
Brazil judge suspends Boeing-Embraer tie-up with fresh injunction
A Brazilian judged on Thursday issued a new injunction blocking the proposed sale of 80 percent of planemaker Embraer’s commercial aviation division to Boeing Co .
