Trump coy on China trade deal before meeting Xi
U.S. President Donald Trump sent mixed signals on Thursday about the prospects for a trade deal with China, saying an agreement was close but he was not sure he wanted one, just as he left for Argentina for a meeting with President Xi Jinping.
Exclusive: Elliott steps in to boost Arconic’s sale process – sources
Elliott Management Corp, the activist hedge fund that sits on Arconic Inc’s board, is working to address potential liabilities weighing on the sale process for the U.S. aluminum products maker, according to people familiar with the matter.
Stocks mixed, Wall Street dips on trade jitters as Fed-spurred rally fizzles
World shares were mixed, with Wall Street edging lower on Thursday amid jitters over U.S.-China trade talks, while the dollar and Treasury yields softened after investors digested recent comments by Federal Reserve Chair Jerome Powell.
Renault-Nissan crisis meeting fails to name interim boss
Renault and Nissan vowed to stick by their industrial alliance on Thursday but failed to name an interim boss to stand in for Chairman Carlos Ghosn, whose arrest has threatened the French carmaker’s control of the partnership.
Wall Street heads lower as uncertainty sets in ahead of G20 Summit
U.S. stocks fell in choppy trading on Thursday as uncertainty over the outcome of a high-stakes meeting between the United States and China at the upcoming G20 Summit kept investors on the sidelines.
U.S. consumer spending rises strongly, inflation moderates
U.S. consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with an inflation measure tracked by the Federal Reserve posting its smallest annual increase since February.
Goldman names co-chief operating officers for Asia investment banking unit, ex-Japan
Goldman Sachs Group Inc has named Aaron Arth and Iain Drayton co-chief operating officers of its investment banking division in Asia Pacific, excluding Japan, according to a memo seen by Reuters.
Marriott to open nearly 30 business hotels in Europe in two years
U.S. hotel chain Marriott International Inc said on Thursday it plans to open nearly 30 Courtyard by Marriott hotels in Europe in the next two years, as it targets newer markets including Finland and Iceland.
Oil rises after Russia leans towards output cut
Oil reversed course and rose as much as 3 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week.
Bayer to sell businesses, cut jobs after Monsanto deal
Bayer , the German drugmaker that bought U.S. seed company Monsanto, announced on Thursday the sale of a number of businesses, around 12,000 job cuts and 3.3 billion euros ($3.8 billion) in impairments.
