Oil holds near four-year highs; Saudi, Russia agree to up supply
Oil held just below four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production increase from Saudi Arabia and Russia.
U.S inquiry deepens Danske money-laundering crisis
Danske Bank faces a U.S. criminal investigation into a 200 billion euro ($230 billion) money laundering scandal at its Estonian branch which has rocked investor faith in Denmark’s biggest lender and forced its chief executive to quit.
U.S. weekly jobless claims near 49-year low; factory orders surge
The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which should continue to underpin economic growth.
Wall Street succumbs to soaring bond yields
Wall Street tumbled on Thursday, mirroring a slump in global financial markets, as U.S. Treasury yields surged to multi-year highs on robust economic data and on upbeat comments from the Federal Reserve, sparking fears of accelerating inflation.
U.S. plans to rewrite rules that impede self-driving cars
The Trump administration is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment such as steering wheels, pedals and mirrors, according to a document made public on Thursday.
Lilly’s diabetes drug data impresses, hurts rival Novo’s shares
Eli Lilly and Co said on Thursday its new two-in-one diabetes drug was successful in lowering blood sugar and reducing weight, sending its shares to a record high and weighing on those of arch-rival Novo Nordisk .
Casino gambles on Amazon-style checkout free Champs Elysees store
Casino is doing away with cashiers in a new shop near the Champs Elysees in a French version of the Amazon Go checkout-free convenience stores in the United States.
HSBC bolsters infrastructure, power and real estate teams in expansion drive
HSBC has hired seven new bankers to expand its power, infrastructure and real estate businesses as part of a global push to serve clients across these industries, the investment bank said in a release on Thursday.
Wall St. slips at open as bond yields climb
U.S. stocks opened lower on Thursday, in a broad-based decline, after robust economic data and optimistic views from the Federal Reserve pushed government bond yields to multi-year highs, while curbing the appetite for stocks globally.
U.S. weekly jobless claims drop to near 49-year low
The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which should continue to underpin economic growth.
