Facebook’s chief of communications, policy to step down
SAN FRANCISCO (Reuters) – Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network’s response to scandals about privacy and election meddling, would step down from the company after a…
S&P 500, Nasdaq edge higher as ECB puts off rate hike
NEW YORK (Reuters) – The S&P 500 and Nasdaq rose on Thursday after the European Central Bank said it would not raise interest rates until mid-2019, a day after the U.S. Federal Reserve increased its key rate and hinted at two more hikes by the end of 2018.
S&P inches higher as ECB signals gradual rate hikes
(Reuters) – U.S. stocks ticked higher on Thursday, after the European Central Bank signaled that any interest rate hike was still far away, even as it moved to end its 2.55 trillion euro stimulus program by the end of the year.
Canada says agreed with U.S. to keep NAFTA alive, no talks set
(Reuters) – Canada agreed with the United States on Thursday that slow-moving talks to update NAFTA should continue although they did not set a date for the next round, a senior official said in remarks casting further doubt on the chances of a deal th…
Exclusive: Amazon to tap Brazil beauty obsession with cosmetics partners
SAO PAULO (Reuters) – Amazon.com Inc is recruiting major Brazilian cosmetics firms Grupo Boticario and Natura Cosmeticos SA to sell via the logistics platform it is developing in Brazil, three people familiar with talks told Reuters, making an early pl…
Wall Street edges higher after ECB statement, retail sales data
(Reuters) – U.S. stocks ticked higher on Thursday after the European Central Bank promised not to raise euro zone interest rates before the middle of next year and on better-than-expected May retail sales.
EU nations back retaliating against U.S. steel tariffs
BRUSSELS (Reuters) – European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of U.S. products after Washington hit EU steel and aluminum with tariffs at the start of June, EU sour…
EU countries back counter-measures against U.S. steel tariffs
BRUSSELS (Reuters) – European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of U.S. products in response to U.S. tariffs on EU steel and aluminum, EU sources said.
Hong Kong market could open cash flood gates for U.S. biotechs
(Reuters) – When U.S. biotech startup Sorrento Therapeutics named ex-Lehman Brothers executive Jiong Shao as its new finance chief about two months ago, it was widely seen as a move driven by his background in raising capital for Alibaba and Tencent.
VW could face further fines from German authorities
BRAUNSCHWEIG, Germany (Reuters) – Volkswagen could face additional fines in Munich and Stuttgart on top of the 1 billion euros ($1.2 bln) it has been told to pay for management lapses which caused emissions cheating on 11 million VW diesel cars.
