Fed’s Bullard says global headwinds appear to have waned, Brexit no risk
(Reuters) – Global headwinds that have partly prevented the U.S. central bank from raising rates again may have dissipated and Britain’s upcoming referendum on the European Union should not affect the U.S. economy, St. Louis Federal Reserve President J…
Oil rivals cooperate to slash equipment costs: Shell
LONDON (Reuters) – Ten oil companies including Royal Dutch Shell , Chevron and BP are working together to develop standard production equipment, a rare cooperation among rivals to save money as low oil prices put pressure on budgets.
JPMorgan becomes first global bank to fall foul of Hong Kong’s stricter IPO sponsorship rules
HONG KONG (Reuters) – JPMorgan Chase & Co has become the first global investment bank to fall foul of Hong Kong’s stricter IPO sponsorship rules, dealing a blow to its reputation in the region.
Xi says China will boost cooperation with foreign groups
BEIJING (Reuters) – President Xi Jinping told Walt Disney Co Chief Executive Bob Iger on Thursday China would encourage more cooperation with foreign companies and organizations, amid persistent U.S.-China commercial tensions.
U.S. jobless claims rise; planned layoffs surge
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market.
Europe shares, oil snap four-day losing streaks
LONDON (Reuters) – European stocks and oil prices snapped a four-day losing streak and a rally in bond markets fizzled out on Thursday, as investors began to position themselves for U.S. jobs data.
Merck sales disappoint as Januvia, Remicade fall short
(Reuters) – Merck & Co Inc on Thursday reported lower-than-expected quarterly revenue, hurt by disappointing sales of its Januvia diabetes treatment and Remicade arthritis drug.
U.S. bullet train proposals shun public funds, favor private cash
(Reuters) – It took years of lawsuits and political battles for California to finally break ground last year on the nation’s first bullet train, which aims to connect San Francisco to Los Angeles by 2029.
Cosmetics maker Avon posts surprise loss
(Reuters) – Cosmetics maker Avon Products Inc reported a surprise quarterly loss and a 16 percent drop in revenue as demand fell further in Brazil and China.
China regulator to launch campaign to clean up e-commerce, online ads
BEIJING (Reuters) – Chinese authorities will launch a campaign to clean up e-commerce – targeting trademark violations, counterfeit and poor quality products and the faking of transactions to boost a merchant’s online rankings, the official People’s Da…
