U.S. yield curve flattens after ECB move; stocks mixed
The U.S. Treasury yield curve flattened on Thursday as the European Central Bank committed to leaving interest rates steady into the first half of 2020,...
Ford to close Wales engine plant in latest blow to UK car sector
Ford said it would close its plant in Bridgend, south Wales, next year because of falling demand for some if its engines, putting 1,700 jobs...
Aviva to cut 1,800 jobs globally, overhauls UK business
British insurer Aviva will cut 1,800 jobs globally as its new chief executive seeks to make the group more competitive by restructuring its British business...
France seeks to fend off blame for FCA-Renault deal collapse
France sought to fend off a hail of criticism on Thursday after it was blamed for scuppering a $35 billion-plus merger between carmakers Fiat-Chrysler FCA...
Exclusive: India to order taxi aggregators like Uber, Ola to go electric
India plans to order taxi aggregators like Uber and Ola to convert 40% of their fleet of cars to electric by April 2026, according to...
Investment bank environment still very fragile says UBS
Investment banking conditions have improved over recent months but remains “very fragile,” UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender’s own...
Trade tensions flare sours rate hope rally
German bond yields plumbed new record lows on Thursday and U.S. treasury yields resumed their fall as renewed trade tensions doused a rally fueled by hopes...
Swiss regulator fines banks for fixing forex trading
Five banks have been fined a total of 90 million Swiss francs ($90.5 million) for colluding to rig the multi-trillion dollar foreign exchange market, Switzerland’s...
Trump threatens China with tariffs on further $300 billion of goods
U.S. President Donald Trump threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both...
Richard Branson takes satellite launch business to Japan with airline ANA
Sir Richard Branson’s Virgin Orbit said on Thursday it plans to bring its satellite launch system to Japan in partnership with airline operator ANA Holdings...