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Oil prices jump as downed U.S. drone stokes Middle East tensions

1 hour ago

Oil prices climbed around 3% on Thursday amid escalating tensions in the Middle East as a U.S. official said one of the country's military drones was shot down by an Iranian missile.

Deutsche Bank faces investigation for possible money-laundering lapses: NYT

1 hour ago

U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday.

Data 'R' Us: Alibaba, seek to lock in merchant loyalty with new services

1 hour ago

In China, the sales maxim of 'know your customer' is being taken to new lengths.

Markets see long fight ahead as ECB battles low inflation expectations

2 hours ago

Mario Draghi's dramatic Tuesday hints of further monetary easing by the European Central Bank has stabilized collapsing euro zone inflation expectations, but the departing ECB chief will struggle to calm market fears of Japan-style economic stagnation.

Stocks rally, bond yields dive as Fed fuels easing hopes

2 hours ago

Asian stock markets rallied on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signaled possible interest rate cuts later this year.

Renault, Nissan join Waymo in exploring driverless services in France, Japan

2 hours ago

French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc's Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday.

Less is more? Inditex cuts stores but boosts space in home market Spain

2 hours ago

The list of retail casualties shutting up shop seems to grow by the month but Inditex, the world's largest clothing retailer, is still betting on its network of physical stores to drive growth.

Trump-Xi meeting unlikely to resolve trade differences, could lead to more talks: media

3 hours ago

Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said on Thursday.

China's premier tells foreign CEOs China will commit to reform, opening up

4 hours ago

China will maintain its long-standing commitment to reform and opening up, Premier Li Keqiang told a group of visiting foreign chief executives on Thursday, adding that restrictions on access will be relaxed in more areas of the economy.

Delta Air not expecting flight cancellations as result of tech issue

5 hours ago

Delta Air Lines Inc said it was not expecting flight cancellations as a result of a technical glitch that had affected booking, check-in and boarding services.

Fed sees case building for interest rate cuts this year

6 hours ago

The U.S. Federal Reserve on Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation.

Trump believes he has authority to demote Fed's Powell: Bloomberg

6 hours ago

U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported on Wednesday, citing people familiar with the matter.

Exclusive: T-Mobile prepares for Boost auction if Dish Network talks stall - sources

6 hours ago

T-Mobile US Inc is preparing an alternative plan if a deal to sell wireless assets to Dish Network Corp falls through, according to two sources familiar with the matter.

Facebook called before Senate panel over digital currency project

6 hours ago

Facebook Inc's plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.

Senior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting

7 hours ago

Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week's meeting between President Donald Trump and Chinese President Xi Jinping in Japan as the two countries take another shot at resolving their damaging trade dispute.

Airbus seals deals with big buyers, following Boeing's MAX sale

9 hours ago

Airbus sealed deals with big buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back a day after a surprise order by British Airways' owner for rival Boeing's grounded 737 MAX jet.

Oracle rises on strong quarterly forecast driven by licenses, cloud services

9 hours ago

Oracle Corp on Wednesday forecast current-quarter profit above estimates, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading.

Dell, HP, Microsoft, Intel oppose proposed tariffs on laptops, tablets

10 hours ago

Dell Technologies Inc, HP Inc, Microsoft Corp and Intel Corp on Wednesday opposed U.S. President Donald Trump's proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs.

What changed for the Fed in seven weeks? Trade risks top the list

10 hours ago

On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted.

Factbox: What is Slack?

10 hours ago

Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of the more popular initial public offering route.