Best Buy Co Inc reported a smaller-than-expected rise in quarterly same-store sales on Thursday, as the biggest U.S. consumer electronics retailer sold fewer video game consoles and other entertainment products.
Argentina's international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to "reprofile" some debt, leaving investors scrambling to assess what kind of hit they might face.
Thyssenkrupp CEO Guido Kerkhoff has little choice but to sell the group's prized elevator division lock, stock and barrel so he can save the conglomerate's remaining businesses, four sources close to the German company said.
Argentine country risk soared to levels not seen since 2008 and bond prices lurched to record lows on Thursday after the government announced plans to "reprofile" some debt, leaving investors scrambling to assess what kind of hit they might face.
The number of Americans filing applications for unemployment benefits rose moderately, pointing to sustained labor market strength despite slowing economic growth.
The U.S. economy slowed a bit more than initially thought in the second quarter as the strongest growth in consumer spending in 4-1/2 years was offset by declining exports and a smaller inventory build.
AirAsia Group Bhd will announce on Friday an adjustment to its large Airbus SE order plans, confirming at least part of its order for A330neos while making room for the A321XLR, two people familiar with the matter said.
Apple Inc said on Friday it will begin selling parts, tools and repair guides to independent shops to fix broken iPhones, a major change after years of lobbying against laws in some U.S. states that would have compelled it to do just that.
U.S. stock index futures jumped about 1% on Thursday as China sounded upbeat about its trade talks with the United States, calming investors unnerved by the prospect of a recession.
Best Buy Co Inc forecast annual same-store sales below analysts' estimates on Thursday, citing new U.S. tariffs set to be imposed on Chinese imports, such as phones, video game consoles and other electronics.
Dollar Tree Inc reported better-than-expected quarterly same-store sales on Thursday as the company's Family Dollar chain posted its best growth since being acquired in 2015.
India is targeting companies including Apple , Foxconn and Wistron Corp with a charm offensive aimed at encouraging them to shift business out of trade war-hit China, according to a source and a document seen by Reuters.
U.S. stocks opened sharply higher on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, allaying investor worries of the risk of a recession.
UBS has least three candidates from inside the biggest Swiss bank who could eventually step into the CEO role, Chief Executive Sergio Ermotti said in a newspaper interview on Thursday on the heels of a big management reshuffle.
The U.S. economy slowed in the second quarter, but the strongest growth in consumer spending in 4-1/2 years amid a strong labor market could further temper financial market expectations of a recession.