The U.S.-China trade war intensified on Aug. 1 with U.S. President Donald Trump vowing to levy 10% tariffs on a remaining $300 billion (£247 billion) list of consumer goods imports from China starting on Sept. 1.
Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter's Aug. 8 shareholder vote, the company said on Thursday.
The U.S. Federal Trade Commission is investigating whether Facebook Inc acquisitions were aimed at buying up potential rivals before they could become a threat to the social media company, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Europe's biggest utility Enel painted an upbeat outlook after posting a strong rise in earnings in the first six months driven by its green energy and network businesses.
Wall Street abruptly reversed its gains on Thursday as U.S. President Donald Trump tweeted that he would impose an additional 10% tariffs on $300 billion in Chinese imports, sending the long-running U.S. China trade war that has rattled markets for months back to center stage.
Global grain trader and food processor Archer Daniels Midland Co on Thursday reported a 41.3% drop in second-quarter adjusted profit and missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this spring that disrupted production and transportation.
Odeon Capital senior banking analyst Dick Bove raised his rating on Wells Fargo to buy from hold, citing the banks "enormous financial strength."
PG&E Corp on Thursday told a U.S. bankruptcy judge that it had reached agreements to cut prices by at least 10% on five power contracts, according to court papers.
General Motors Co posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast.
Bombardier Inc lowered its full-year earnings and cash flow forecasts and reported a quarterly loss on Thursday, as it faces challenges in its important rail division, sending shares of the Canadian train and plane maker down 18%.
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. manufacturing activity slowed to a near three-year low in July and a measure of new orders received by factories rebounded slightly, as the negative effects of a bitter trade war between the United States and China lingered.
The central bank made "midcycle adjustments" in 1995 and 1998, cutting rates three times, which drove the S&P 500 higher.
With loans for pricey weddings on the rise, experts are concerned about bigger burdens for Americans already swamped with debt.
Federal banking regulators had inspected Amazon.com Inc's Virginia facility earlier in April, the Wall Street Journal reported on Thursday, citing people familiar with the matter.