China says industrial policies mainly serve as guidance, open to all
China’s commerce ministry said on Thursday industrial policies including “Made in China 2025” mainly serve as guidance under market conditions and they are open to all foreign firms.
P&G says ‘vast majority’ of products in Canada to be hit by tariffs
Many Procter & Gamble Co products sold in Canada – from Febreze candles to Gillette shaving foam – will be affected by retaliatory tariffs on U.S.-made goods after Canadian authorities rejected a request for exemptions, a P&G spokesman said on Wednesday.
Cargill profit more than doubles on higher beef demand
Cargill Inc [CARG.UL] reported a quarterly profit on Thursday that more than doubled, boosted by higher demand for beef, even as the global commodities trader wrestled with worries over a trade war between the U.S. and China.
U.S. inflation steadily firming; labor market strong
U.S. consumer prices recorded their largest increase in nearly 6-1/2 years in the year through June, while the monthly pace continued to suggest a steady buildup of inflation that could keep the Federal Reserve on a path of gradual interest rate increa…
‘What the Hock?’; Broadcom shares sink on shock software deal
Broadcom Inc’s surprise bid to buy software company CA Inc knocked $11 billion off the value of the chipmaker in trading before the bell on Wall Street on Thursday, with analysts struggling to find a clear rationale behind the deal.
Stock futures rise as big deals, earnings hope dull tariff fears
U.S. stock index futures bounced back on Thursday, from a drop a day earlier on renewed fears of a Sino-U.S. trade war, as oil prices rose and a couple of big deals helped rekindle optimism as the earnings season kicks off.
U.S. weekly jobless claims fall to two-month low
The number of Americans filing for unemployment benefits fell more than expected last week, hitting a two-month low, in a sign that labor market conditions remained robust in early July.
Rising fares push Delta past profit estimates
Delta Air Lines Inc topped estimates for quarterly profit and operating revenue Thursday as a rise in average fares trumped an almost 40 percent surge in fuel costs, pushing shares higher.
Dollar firms before inflation data; euro struggles
The dollar edged higher to a new nine-day high on Thursday thanks to a bounce in equities and concerns that U.S. inflation pressures will pick up, although worries about an escalation in trade conflict capped gains.
Delta cuts 2018 forecast on higher fuel costs, profit beats estimates
Delta Air Lines Inc slashed its full-year earnings forecast on Thursday as fuel costs in the second quarter surged 38.8 percent and the company said it expected $2 billion spike in its fuel bill in 2018.
