Italy budget uncertainty returns to haunt Europe
Europe’s share markets and the euro both took a tumble on Thursday as reports that Italy’s long-awaited budget was facing a delay compounded an already groggy global mood after the third U.S. interest rate rise of the year.
Jeff Bezos’s space startup to supply engines for ULA’s Vulcan rocket: Wall Street Journal
Amazon.com Inc founder Jeff Bezos’s space startup Blue Origin LLC has won a contract to supply engines for United Launch Alliance LLC (ULA), the Wall Street Journal reported on Thursday.
H&M reassures on pricing after profit slide
Shares in H&M rose on Thursday after the fashion retailer reassured investors that it would not need to cut costs further to shift unsold clothing despite a bigger than expected 20 percent fall in quarterly profit.
French finance minister says no plans to sell stake in Air France-KLM
France has no plans for now to sell its stake in Air France-KLM and the priority is to increase the competitiveness of the group’s French unit, Finance Minister Bruno Le Maire said on Thursday.
World shares lack momentum, U.S. bond yields fall as Fed sticks to script
Global shares struggled in volatile trade on Thursday with Asian markets giving up earlier gains after the Federal Reserve raised interest rates and affirmed plans for more policy tightening through to 2020.
Comcast to stop buying Sky shares in the market
Comcast said it would stop buying Sky’s shares in the market after it secured 38 percent of the stock plus the 39 percent holding from Rupert Murdoch in the $40 billion takeover.
Air France KLM CEO says state could sell stake in company: FT
Air France KLM’s new Chief Executive Benjamin Smith said the French state is prepared to sell its 14 percent stake in the airline, according to the Financial Times.
Asian shares weather Fed rate hike, U.S. bond yields fall
Asian shares held firm on Thursday, outperforming sagging Wall Street shares, and U.S. bond yields fell after the Federal Reserve raised interest rates as expected, sticking to its script of gradual policy tightening.
U.S. union seeks raises, three-year contract for refinery workers
Union officials representing 30,000 workers at U.S. oil refineries and chemical plants on Wednesday said they will pursue sizable wage increases and a 3-year contract in coming negotiations.
Oil prices rise 1 percent ahead of U.S. sanctions against Iran
Oil prices rose by 1 percent on Thursday, pushed up by the prospect of tighter markets due to U.S. sanctions against major crude exporter Iran, which are set to be implemented in November.
