U.S. home refinancing requests drop to lowest since 2000: MBA
U.S. loan applications to refinance existing homes fell to their lowest in over 17-1/2 years even as most 30-year home borrowing costs fell last week, data from the Mortgage Bankers Association showed on Wednesday.
Wall Street falls after U.S. threatens more China tariffs
U.S. stocks opened lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods.
Services, motor vehicles lift U.S. producer prices in June
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.
Pfizer to split into three units, separates consumer healthcare
Pfizer Inc said on Wednesday it would reorganize into three units, separating its consumer healthcare business that the U.S. drugmaker has been trying to sell since last year.
BlackRock plans its largest ever alternative investment fundraiser
BlackRock Inc is planning to raise $3.5 billion for investments in energy infrastructure in what is poised to be its largest alternative investment fund yet, an executive at the world’s largest asset manager told Reuters.
Euro succumbs to selling after U.S. threat of more China tariffs
The euro fell on Thursday after Washington threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict that has heightened worries that the euro zone economy could be hurt.
Canada’s Tim Hortons to open 1,500 stores in China
Canadian coffee chain Tim Hortons is pushing into China with plans to open 1,500 outlets in the world’s second largest economy over the next 10 years, the company said on Wednesday.
Oil falls after Libya ports reopen, Trump tariff threat
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.
Stock futures drop after U.S. threatens more China tariffs
U.S. stock index futures dropped sharply on Wednesday after the United States threatened tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.
Pfizer Inc to split company into three units
U.S. drugmaker Pfizer Inc said on Wednesday it would split its business into three units and one of them would include a new hospital business segment.
