NEW YORK: US stocks sank further on Thursday (May 23) as bellicose trade rhetoric persisted between Washington and Beijing. Investors also shed tech shares, with sentiment dampened by gloomy economic news out of Europe, although equities finished well off session lows. Meanwhile, the weakness in ...
U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations' aviation agency they expect an ungrounding of Boeing Co's 737 MAX jets in the United States as early as late June, three people familiar with Thursday's briefing said, though there is no firm timetable ...
U.S. stock index futures slid on Thursday, as investors worried that the U.S.-China trade war could spiral into a technology cold war between the two countries, with no signs of resolution in sight.
NEW YORK: Oil prices plunged on Thursday (May 23), losing about five per cent as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months. Oil coursed downward with other global markets as concerns grew that the...
WASHINGTON: India has ended all imports of oil from Iran, its ambassador in Washington said on Wednesday (May 23), becoming the latest country to grudgingly comply with threatened US sanctions. India had already sharply decreased its imports from Iran and bought one million tonnes of crude in ...
Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the matter told Reuters.
JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter said on Thursday.
The United States needs to correct its wrong actions if it wants to continue negotiations with China to end a damaging tariff war, China's Commerce Ministry said on Thursday, adding that talks should be based on mutual respect.
Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity slowed to its lowest level in nearly a decade in May, pointing to a slowdown in economic activity.
Once regulators approve Boeing Co's grounded 737 MAX jets for flight, each aircraft will likely require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines that operate the MAX told Reuters.
