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Oil prices rise, shrug off inventory gain, look for China stimulus

Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a much larger than expected build in U.S. crude stocks.



4 years ago

Qantas, Southwest step up checks of Boeing 737 NGs after more cracks found

Qantas Airways Ltd and Southwest Airlines Co are stepping up checks for structural cracks on Boeing Co 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said.



4 years ago

Fiat's China partner GAC says respects merger plan

Fiat Chrysler's Chinese partner Guangzhou Automobile Group said it respected the firm's decision to merge with Peugeot parent firm PSA and would look to deepen its cooperation with the automaker.



4 years ago

Scrapped Chile APEC summit throws up new hurdle for U.S.-China trade deal

Leaders from the United States and China encountered a new obstacle in their struggle to end a damaging trade war on Wednesday, when the summit where they were supposed to meet was canceled because of violent protests.



4 years ago

German union seeks to preserve Opel independence as Peugeot pursues FCA

IG Metall, Germany's largest union by members, said on Thursday it would seek to preserve the autonomy of PSA's German unit Opel after PSA and Fiat Chrysler announced plans to create the world's fourth-largest automaker.



4 years ago

Fiat Chrysler, Peugeot deal good news but must not affect jobs in Italy: Italian minister

A planned merger between Italy's Fiat Chrysler (FCA) and French Peugeot owner PSA is good news provided it does not affect jobs in Italy, the country's industry minister said on Thursday.



4 years ago

Chinese officials say they have doubts if trade deal possible with Trump: Bloomberg

Chinese officials have doubts about whether it is possible to reach a comprehensive long-term trade deal with Washington and U.S. President Donald Trump, Bloomberg reported on Thursday, citing unnamed sources.



4 years ago

Nintendo's second-quarter profit doubles as Switch Lite delivers boost

Nintendo Co Ltd's second-quarter operating profit more than doubled, blowing past analyst estimates, on strong demand for its Switch console.



4 years ago

Corteva posts smaller-than-expected loss, North America seed volumes rise

Pesticides and seeds producer Corteva Inc posted a smaller-than-expected quarterly loss on Thursday as seed sales jumped after historic floods in the U.S. Midwest delayed the spring planting season.



4 years ago

Thomson Reuters posts higher operating profit

Thomson Reuters Corp , parent of the Reuters News agency, swung to a net loss in the third quarter, reflecting its stake in Refinitiv, but its revenue and operating profit rose.



4 years ago

Oil prices broadly steady despite bearish signals

Oil prices were broadly steady on Thursday despite bearish signals from rising U.S. crude oil stocks and weak factory activity in China.



4 years ago

Bombardier to sell its aerostructures unit to Spirit AeroSystems

Canada's Bombardier said on Thursday it had agreed to sell its aerostructures business to Spirit AeroSystems for more than $700 million in cash and debt.



4 years ago

French finance minister says Peugeot-Fiat deal 'good news' for France

French Finance Minister Bruno Le Maire gave his blessing to the merger between national champion PSA and Italo-American carmaker Fiat-Chrysler, saying the deal would be good news for France and Europe but that he would keep an eye on possible job cuts.



4 years ago

Dunkin' Brands profit beats on lower expenses, raises annual forecast

Dunkin' Brands Group Inc reporting a better-than-expected quarterly profit on lower costs on Thursday and raised its forecast for 2019, betting on investments to improve delivery and add new menu items to boost growth.



4 years ago

Investors fear looming safety risks of mining waste dams

A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday.



4 years ago