U.S. weekly jobless claims drop as labor market gains steam
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.
U.S. reaches deal with China’s ZTE: Commerce Secretary
(Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday Washington had reached a deal with ZTE Corp that would lift a ban on buying from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business.
Euro and bond yields extend rally on ECB while risk appetite grows
LONDON (Reuters) – The euro and bond yields rose on Thursday as investors priced in an early wind-down of European Central Bank stimulus, while renewed risk appetite drove world stocks to a 3-1/2 week high.
IKEA to use only renewable and recycled materials by 2030
ALMHULT, Sweden (Reuters) – IKEA, the world’s biggest furniture retailer, plans to use only renewable and recycled materials in its products by 2030, in the latest commitment by a global store group to reducing its impact on the environment.
College pay-off seems elusive for many U.S. young people
CHICAGO (Reuters) – When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor’s degree in biology eight years ago, he thought he would quickly get a job in a laboratory and pay off $30,000 in student loans.
Euro, bond yields extend gains on ECB while risk appetite grows
LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and euro zone bond yields extended gains as investors priced in a potentially earlier-than-expected wind-down of ECB stimulus.
Kering’s Gucci aims to hit 10 billion euro revenue threshold
FLORENCE (Reuters) – Italy’s Gucci, the fashion brand fuelling a sales boom at Kering , said on Thursday it aimed to keep growing at twice the pace of the luxury market and aims to eventually reach 10 billion euros ($11.82 billion) in annual revenue.
Fujifilm could walk away from Xerox deal if no progress for six months
TOKYO (Reuters) – Japan’s Fujifilm Holdings Corp said on Thursday it may have no choice but to abandon a $6.1 billion merger with Xerox Corp if there is no progress in talks with the U.S. firm’s new board for about half a year.
Thai Airways to undertake maintenance of Rolls-Royce engines
BANGKOK (Reuters) – Thai Airways International Pcl will undertake maintenance and repair of Rolls-Royce Trent engines and expects additional revenue of up to 5 billion baht ($156.6 million) in 2020 from the business, the carrier said on Thursday.
Ford plans to close Bordeaux plant if no buyer found
PARIS (Reuters) – Ford plans to close its Blanquefort gearbox plant in southwestern France if no buyer can be found for the site, which employs 900 workers, the U.S. carmaker said on Thursday.
