Tech stocks touch record highs, dollar steadies as trade fears ebb
U.S. stocks closed higher on Thursday as industrials rebounded and technology names soared, while commodities recovered and the dollar held steady after concerns over an escalating U.S. trade war with China took a breather.
France’s La Poste plans to buy stake in insurer CNP Assurances: source
France’s La Poste is planning to buy the stake in insurer CNP Assurances held by state-owned investment fund Caisse des Depots though the details of the deal are not yet finalised, a source close to the mail company told Reuters on Thursday.
U.S. Justice Department to appeal approval of AT&T acquisition of Time Warner
The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone.
Wall Street rises as top technology stocks hit record highs
U.S. stocks climbed on Thursday as top technology names hit record highs and industrials rebounded, offsetting worries about a U.S.-China trade war.
UK nears decision to buy Boeing AWACS planes: sources
Britain’s government is nearing a decision to buy four to six surveillance planes built by U.S. aerospace giant Boeing , sources familiar with the plans said on Thursday, a move that could stir a growing debate over UK and European defense jobs.
U.S. senators want ban on China’s ZTE, despite Trump action
Republican and Democratic U.S. senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement paving the way for an end of a ban on the Chinese telecommunications company.
Exxon Mobil joins exodus of firms from lobbying group ALEC
Exxon Mobil said on Thursday it ended its association with the American Legislative Exchange Council, a conservative political group that several other prominent U.S. corporations have left in recent years.
German state premier opposes breakup of Thyssenkrupp
The premier of the German state where Thyssenkrupp is based on Thursday backed the company’s chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger.
Dollar gains sustained by trade war risk, rising inflation
The U.S. dollar held steady at a six-month high against the Japanese yen and a two-month high against the Swiss franc on Thursday, bolstered by solid inflation data and investor sentiment that the greenback stands to benefit from a trade war.
Ryanair Irish pilot union announces two more one-day strikes
Ryanair’s Irish pilots are planning to hold two more one-day strikes on July 20 and July 24, a spokesman for the IALPA/FORSA union told Reuters on Thursday.
