May 16, 2019

Wall St. gains on upbeat earnings, strong economic data

U.S. stocks rose on Thursday as upbeat earnings from Walmart and Cisco, and robust domestic economic data helped investors overlook worries about the ongoing trade war […]
May 16, 2019

Aiming to re-energize staff, new head of Britain’s BT hands out shares

The new boss of Britain’s BT Group will give each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, in […]
May 16, 2019

Brent oil moves toward $73 on Middle East tensions

Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude […]
May 16, 2019

Euro zone banking at risk of dangerous fragmentation, ECB warns

Euro zone banks are turning away from cross-border activity, putting at risk the bloc’s banking union and raising the risk of dangerous fragmentation, European Central Bank […]
May 16, 2019

Nestle makeover advances with $10 billion sale of skin health unit

Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as […]
May 16, 2019

Wells Fargo and Barclays back fintech company OpenFin

Financial services software startup OpenFin has raised $17 million in a funding round led by Wells Fargo & Co with participation from Barclays, the company said […]
May 16, 2019

Walmart says higher tariffs on China goods will increase prices for shoppers

Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on imports from China as it reported overall revenue and […]
May 16, 2019

Futures rise after upbeat Cisco, Walmart earnings

U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China […]
May 16, 2019

Airbus CEO says all planemakers to suffer from ‘lose-lose’ trade war

Airbus Chief Executive Guillaume Faury warned on Thursday any further escalation of trade tensions would damage aerospace firms globally, including the European planemaker’s U.S. rival Boeing. […]
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