Wall Street drops on labor market data, North Korea concern
(Reuters) – U.S. stocks were sharply lower on Thursday after disappointing labor market data clashed with the possibility of a more hawkish Federal Reserve, while rising tensions in the Korean peninsula providing additional pressure.
U.S. jobless claims rise for third straight week
WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits unexpectedly rose for a third straight week last week, likely as some automakers closed assembly plants for the annual summer retooling.
Volkswagen recalls 766,000 VW cars worldwide for brake system update
BERLIN (Reuters) – Volkswagen is recalling 766,000 vehicles of its core passenger car brand worldwide for a software update to their braking control systems, a spokesman said.
Qatar Airways set to start buying shares in American Airlines
DUBLIN (Reuters) – Qatar Airways is to press on with plans to build a stake of up to 4.75 percent in American Airlines in the near future, despite the “categorical” opposition of the U.S. company’s management, Qatar Chief Executive Akbar al-Baker said…
Finance firms need freedom to choose location after Brexit
LONDON (Reuters) – Finance firms should not be forced by regulators to change location after Britain leaves the European Union in 2019, Andrew Bailey, chief executive of the UK’s Financial Conduct Authority told a Reuters Newsmaker event on Thursday.
Deutsche Bank sizes up Frankfurt for post-Brexit trading shift: source
FRANKFURT (Reuters) – Deutsche Bank is evaluating whether to move a large part of its securities trading business from London to Frankfurt or elsewhere in Europe as it prepares for Britain’s exit from the European Union, a source told Reuters on Thursd…
EU charges Merck KGaA, GE, Canon over merger rules
BRUSSELS (Reuters) – General Electric , German drugmaker Merck KGaA , and Japan’s Canon risk hefty fines after EU antitrust regulators accused them of providing misleading information during separate merger deals.
Malaysian Muslim group joins Indonesian call for Starbucks boycott over LGBT stand
KUALA LUMPUR (Reuters) – A prominent Muslim group in Malaysia has joined calls by Islamic conservatives in Indonesia for a boycott of Starbucks to protest against the international coffee chain’s support of gay rights.
U.S. cars a tough sell in South Korea even as Trump targets trade deal
SEOUL (Reuters) – U.S. auto imports from the likes of General Motors and Ford Motor must become more chic, affordable or fuel-efficient to reap the rewards of President Donald Trump’s attempts to renegotiate a trade deal with key ally South Korea, offi…
Konica Minolta to buy Ambry Genetics, deal worth up to $1 billion
TOKYO (Reuters) – Konica Minolta Inc said it was purchasing U.S. diagnostics company Ambry Genetics in a deal valued at up to $1 billion – an acquisition that marks a strategic shift for the Japanese firm’s healthcare business as it seeks a leading po…
