Bond yields rise as Sweden ends negative rates, stocks drift lower
Bond yields rose and Sweden’s crown stayed ice cool on Thursday as the country became the first to raise interest rates out of sub-zero territory,...
U.S. weekly jobless claims fall from more than two-year high
The number of Americans filing applications for unemployment benefits dropped from more than a two-year high last week, pointing to sustained labor market strength....
Swatch ticked off with Swiss anti-trust agency parts ban
Swatch will be blocked from selling some parts to watchmakers, ranging from Richemont’s Cartier to Chopard and Breitling, from next year in an escalation of...
Swedish, Norwegian crowns lifted by rate decisions; Aussie still strong
The dollar was down 0.1% on Thursday, little changed by U.S. President Donald Trump’s impeachment, while the Swedish and Norwegian crowns both rose slightly following...
Exclusive: Ant Financial takes stake in Vietnam’s eMonkey: sources
China’s Ant Financial, a fintech affiliate of e-commerce giant Alibaba Group Holding Ltd , has quietly acquired a sizable stake in a Vietnamese e-wallet eMonkey,...
Volkswagen brand to post record profit on SUVs, cost cuts: executive
Volkswagen’s namesake core brand is on track to post a record operating profit this year thanks to cost savings and its increased sales of sports...
Oil hovers near three-month highs on trade progress, lower inventories
Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China....
German court bans Uber services via rental cars in Germany
A German court has banned Uber services in Germany arguing the U.S. ride hailing company lacks a necessary licence to offer passenger transport services using...
Stocks near record highs, Sweden ends negative rates
World stocks drifted down from the week’s record highs on Thursday, while the crown gained as Sweden’s central bank became the first to raise interest...
Norwegian Air hoping to agree Boeing 737 MAX compensation this year
Norwegian Air hopes to agree compensation from Boeing by year-end over the grounding of the 737 MAX, the airline’s acting CEO said, as it counts...