A storm system in the Gulf of Mexico could develop into a tropical depression later on Thursday, likely bringing hurricane conditions across the north-central gulf coast over the next couple of days, the U.S. National Hurricane Center (NHC) said.
Oil futures hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region.
Britain's Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve all U.S. federal investigations into the sales and marketing of an opioid addiction treatment by its former prescription pharmaceuticals business Indivior .
Global energy trader Vitol faces a possible fine of $6 million from a U.S. energy regulator for alleged manipulation in California's power market, an order from the regulator showed.
Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.
World stocks rose, global bond yields fell and the dollar weakened after Federal Reserve Chairman Jerome Powell bolstered expectations the Fed would cut U.S. interest rates soon.
Fiat Chrysler will invest an overall amount of 700 million euros ($788 million) to build a production line for the new electric version of the 500 model (BEV), a top group executive said.
In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector.
Air China , China's flagship carrier, will buy 20 A350-900 jets from Airbus SE worth $6.54 billion based on list prices, the carrier said on Thursday.
Auto suppliers Johnson Electric Holdings and Sensirion slashed their earnings forecasts on Thursday, blaming a slowdown in car sales and pessimism about the prospects of a Chinese car sector recovery.
In a world of retail "winners and losers" Goldman Sachs is betting on a few big-box retailers it feels will shoot up over the next year.
The U.S. Justice Department is investigating whether Deutsche Bank AG violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday.
Shares of Snapchat parent company Snap rose in premarket trading on Thursday after Bank of America said a recent spike in app downloads will drive better revenue.
Reckitt Benckiser has agreed to pay up to $1.4 billion to end U.S. federal investigations into the marketing of an opioid addiction treatment by its former business Indivior, lifting a cloud that has been hanging over the British company for years.
Delta Air Lines Inc reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes.