Emirates, Etihad airlines deny report they may merge
State-owned Emirates and Etihad, two of the Middle East’s top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over smaller Etihad to create the world’s largest carrier.
BlackRock’s Fink: U.S. a short-term ‘big winner’ in China trade war
Larry Fink, chief executive of BlackRock , the world’s largest asset manager, on Thursday said the United States is “a big winner” in the trade war with China “in the short-term,” but not necessarily over time.
Morgan Stanley sues six Illinois brokers who left for Stifel
Morgan Stanley has sued six brokers who left an Illinois branch of the firm last week to join competitor Stifel Nicolaus , alleging that they have been soliciting Morgan Stanley clients in violation of employment agreements.
VW rejects Trump envoy’s take on Iran pullout
Carmaker Volkswagen AG rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country had not changed.
Rare auction showdown could decide fate of broadcaster Sky
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday.
Dow hits record high as industrials gain on trade relief
The Dow Industrial Average on Thursday became the last of the benchmark indexes to regain record territory, boosted by gains in industrial companies on continued relief that fresh U.S. and China tariffs were less damaging than feared.
U.S. existing home sales unchanged in August
U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy.
Aston Martin races ahead with up to $6.7 billion flotation
Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation next month and said it is prepared for any outcome from the Brexit talks.
Tesla Model 3 gets 5-star rating from U.S. safety agency
Tesla Inc’s Model 3 sedan has been awarded a five-star rating by the U.S. auto safety agency NHTSA in tests that are standard for cars in the United States.
Wall Street opens higher as tech stocks bounce back
U.S. stocks rose at the open with the S&P 500 hitting a record high on Thursday, helped by a bounce back in technology stocks and relief that fresh U.S. and China tariffs were less damaging than feared.
