U.S. jobless claims rise, four-week average lowest since 1973
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose marginally and the underlying trend continued to point to a fairly healthy labor market.
Ally Financial profit slumps on fewer auto loans
(Reuters) – Ally Financial Inc , the largest U.S. auto loan company, reported a 37 percent fall in quarterly profit as it made less money from its automotive and dealer financing businesses.
Conoco posts quarterly loss, cuts 2015 spending target
(Reuters) – ConocoPhillips reported a quarterly loss that met Wall Street expectations on Thursday and the largest U.S. independent oil company lowered its 2015 spending target in response to the lingering slump in crude prices.
European stocks firm, dollar rises as Fed revives Dec hike talk
LONDON (Reuters) – European shares rose, while the U.S. dollar stood near 2 1/2 month highs against the euro on Thursday, after the Federal Reserve gave a vote of confidence to the U.S. economy and revived expectations it may raise interest rates by ye…
Deutsche Bank to cut workforce by 15,000
FRANKFURT (Reuters) – Deutsche Bank said it was reducing its workforce by 15,000 as new Chief Executive John Cryan seeks to improve returns at Germany’s biggest bank.
Shell’s profits hit by big Arctic, Canadian write-offs
LONDON (Reuters) – Royal Dutch Shell on Thursday reported a hefty $8.2 billion charge, equivalent to around 5 percent of its market value, due to write-offs on projects in the Alaskan Arctic and Canada as Europe’s biggest oil producer grapples with wea…
Fed puts December rate hike firmly on the agenda
WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next policy meeting put a December rate hike firmly in play.
Around 600 Swiss file criminal complaints over VW diesel scandal
ZURICH (Reuters) – Around 600 people so far have filed criminal complaints in Switzerland connected to the Volkswagen emissions cheating scandal, the Swiss Office of the Attorney General said on Thursday.
Volkswagen India likely to recall 100,000 cars: CNBC-TV18
NEW DELHI (Reuters) – German carmaker Volkswagen AG’s Indian unit is likely to recall 100,000 cars in the country impacted by the diesel emission scandal, television channel CNBC-TV18 reported on Thursday, citing sources.
China premier suggests China needs minimum economic growth of 6.5 percent next five years: Bloomberg
SHANGHAI (Reuters) – China’s Premier Li Keqiang said China requires annual growth of at least 6.53 percent over the next five years, Bloomberg reported, citing unidentified sources.
