Honeywell raises 2018 profit forecast
Aerospace parts maker Honeywell International Inc on Thursday raised its full year adjusted profit forecast for the fourth time this year, citing continued confidence in the strength of its markets.
Factbox: Reaction to the British government’s ‘no deal’ Brexit plans
Britain on Thursday set out a series of notes detailing what could happen if it fails to reach a Brexit deal with the European Union, acknowledging that firms would face a tangle of red tape and possible delays at the border.
Red tape, border delays if no Brexit deal, Britain warns firms
British companies trading with the European Union will face a tangle of red tape and possible delays at the border if the government fails to negotiate an exit deal before Britain leaves the bloc, official papers showed on Thursday.
UK calls for extra six weeks of Brexit drug stockpiles
The British government called on Thursday for drugmakers to build an additional six weeks of medicines stockpiles to cope with potential supply disruption in the event of a no-deal Brexit – a target the industry said would be challenging.
U.S. jobless claims fall, point to labor market strength
The number of Americans filing for unemployment benefits fell last week, a sign the labor market was holding firm despite tensions between the United States and its trading partners that have spawned restrictions on global commerce.
Factbox: Britain sets out plans for ‘no-deal’ Brexit
Britain has published 25 so-called technical notices advising companies and people how to prepare for any disruption that might arise from a disorderly Brexit where there is no deal with the European Union.
Britons living in EU could lose access to UK bank accounts in no-deal Brexit
Britons living in the European Union could lose access to their UK bank accounts and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government said on Thursday.
Stock futures flat as U.S.-China tariffs kick in
U.S. stock index futures were little changed on Thursday as the United States and China slapped 25 percent tariffs on $16 billion worth of each other’s goods, despite ongoing trade talks.
Alibaba revenue beats on strength in e-commerce, cloud businesses
Alibaba Group Holding Ltd , the world’s biggest online retailer, topped first-quarter revenue estimates on Thursday, driven by growth in its core e-commerce business.
Alibaba first-quarter revenue rises 61 percent, beats estimates
Alibaba Group Holding Ltd , the world’s biggest online retailer, said on Thursday first-quarter revenue rose 61 percent, beating analysts’ estimates, driven by growth in its core e-commerce business.
