Asian shares slipped to six-week lows on Thursday while the dollar jumped to two-year highs as the U.S. Federal Reserve rattled markets by signaling that its first rate cut in more than a decade was not the start of a lengthy easing cycle.
Oil prices skidded on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and Sino-U.S. talks ended without apparent progress toward resolving a bitter trade dispute.
Amazon.com Inc is in exploratory talks with Reliance Industries Ltd's retail unit to buy an up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday.
Thomson Reuters Corp raised its sales and core profit outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth for the second quarter, which it said was its best since 2008 and ahead of its expectations.
Chinese and U.S. working teams will be in intensive contact this month to prepare "good groundwork" for the next round of face-to-face trade talks in September, the commerce ministry said on Thursday.
The dollar charged to its highest in more than two years on Thursday after the Federal Reserve spoiled hopes of a run of U.S. interest rate cuts.
BMW's Chief Executive Harald Krueger on Thursday said he hoped that British Prime Minister Boris Johnson would consider business interests as he prepares to negotiate Britain's exit from the European Union.
Britain's London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and positioning the company as a competitor to Bloomberg.
Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and as rising U.S. output helped keep the market well supplied.
Thomson Reuters Corp raised its sales and core profit outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth for the second quarter, which it said was its best since 2008 and ahead of its expectations.
Canada's Bombardier Inc on Thursday reported a larger quarterly loss than analysts had expected, and lowered its full-year earnings forecast, as the company wrestled with challenges in its key rail division.
The apparent suicide of India's coffee baron V.G. Siddhartha, under investigation by tax authorities, has inflamed anger toward the government among business leaders who feel it is going too far in its crackdown on fraud and tax evasion.
U.S. refiner Marathon Petroleum Corp reported a 4.8% rise in quarterly profit on Thursday, as strength in its midstream and retail segments more than offset a fall in refining income.
BMW's second quarter earnings fell by a fifth, hit by exchange rate moves and investments in manufacturing electric and hybrid cars to help meet stricter emissions limits.
Health insurer Cigna Corp raised its 2019 adjusted earnings forecast on Thursday and posted a nearly 75% jump in second-quarter profit, helped by its health services unit, which includes the Express Scripts pharmacy benefits business it acquired last year.