U.S. companies doing business in China remain profitable, but 81% say escalating trade tensions between the world's two largest economies have affected their business operations, a new survey released Thursday by the US-China Business Council found.
U.S. and European shares advanced on Thursday as China struck a hopeful tone on trade relations with the United States and as Italy appeared close to forming a new government and resolving its political crisis.
A rise in technology stocks lifted Wall Street on Thursday, as China sounded hopeful of a resolution to the protracted trade dispute with the United States, easing investor fears of the risk of a recession.
The top two U.S. discount store chains raised their full-year profit forecast on Thursday as a push on adding a range of new products - from fresh food to self-owned brands - starts to pay off, cushioning a blow from increased tariffs on Chinese imports.
German carmaker Volkswagen is holding talks with officials in Ankara over Turkey's vehicle tax regime as it seeks to conclude a 1-billion euro investment to build a production plant in Turkey, two sources said on Thursday.
Apple Inc will host an event on Sept. 10 at the Steve Jobs Theater in the company's Cupertino, California campus, where it is widely expected to unveil new iPhone models.
The Federal Trade Commission is investigating the marketing practices of e-cigarette maker Juul Labs inc, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Argentine asset prices fell on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to "reprofile" about $100 billion of its debt, leaving investors scrambling to assess what kind of hit they might take.
Several U.S. retailers, footwear companies and business groups have warned that the long-drawn Sino-U.S. trade war would jack up consumer prices and trigger job losses.
The U.S. Securities and Exchange Commission said on Thursday it fined and settled charges against a Texas-based cryptocurrency firm and its founders for wrongfully issuing digital offerings and for using an unregistered online trading platform.
French lender BNP Paribas plans to bid for Deutsche Bank's equity derivatives book and is hopeful it can beat off rival bidders to secure a deal in the next few weeks, according to sources familiar with the matter.
U.S. economic growth slowed in the second quarter, the government confirmed on Thursday, but the strongest consumer spending in 4-1/2 years amid a solid labor market threw cold water on financial market expectations of a recession.
Volkswagen will invest 2.4 billion reais ($577 million) in one of its Brazil factories, Sao Paulo state governor Joao Doria said on Thursday during a visit to the automaker's headquarters in Germany.
T. Rowe Price has held informal talks with advisors of Venezuelan opposition leader Juan Guaido about financing a $913 million payment on state oil firm PDVSA's 2020 bond, an executive at the U.S. fund manager told Reuters, adding the plan would only work if Washington alters sanctions on Venezuela.
Wall Street's main indexes rallied on Thursday, led by the trade-sensitive technology and industrial sectors, as China sounded hopeful on trade negotiations with the United States, easing concerns that more combative stances could stoke a recession.