A gauge of global stock markets slumped on Thursday while the U.S. dollar rose, as the European Central Bank postponed interest rate rises to 2020 and launched a fresh round of cheap loans to banks to help rejuvenate the euro zone economy.
The U.S. Environmental Protection Agency’s proposal to curb speculation in the biofuel credit market will include five measures aimed at preventing hoarding of the credits and improving monitoring to identify potential market manipulation, a source familiar with the matter told Reuters.
Wall Street fell for the fourth straight session on Thursday, weighed down by financial and technology stocks, as investors were spooked by the European Central Bank’s (ECB) return to pump-priming loans to stimulate a struggling euro zone economy.
Bank of New York Mellon Corp backed away on Thursday from changing rules relating to its staff working from home, after a call to reevaluate the option invited severe criticism from employees.
Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete better with Walmart and Amazon.
BMW’s ambitions to establish China as a hub for exporting electric cars are in limbo because of uncertainty over potential trade tariffs between China and the United States, company executives told Reuters.
Marriott International Inc Chief Executive Arne Sorenson apologized on Thursday before a U.S. Senate panel for a massive data breach involving up to 383 million guests in its Starwood hotels reservation system and vowed to protect against future attacks.
Wall Street fell on Thursday, led by financials stocks, as investors were spooked by the European Central Bank’s (ECB) return to pump-priming loans to stimulate a struggling euro zone economy.
Britain’s Serious Fraud Office (SFO) failed to take “reasonable and appropriate” steps to get key documents from Qatar’s U.S. lawyers before a fraud trial of four former Barclays executives, a London criminal court heard on Thursday.
European stocks and Wall Street futures went from red to green and back again on Thursday while bond yields tumbled, as the ECB pushed back interest rate rises to 2020 and confirmed it will start doling out cheap cash again.
General Electric Co said on Thursday its current reserves for long-term care insurance policies were sufficient and it was looking to increase premiums to cover their rising cost.
Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete better with Walmart and Amazon.
U.S. stocks opened slightly lower on Thursday led by financial stocks as investors digested the European Central Bank’s move to push out its first post-crisis rate hike until at least 2020 and a new round of cheap loans to boost the euro zone economy.
Compliance and anti-money laundering staff are in hot demand in the Nordic financial sector following tougher regulations and a string of scandals involving the region’s top banks Danske Bank, Nordea and Swedbank.
The European Central Bank changed tack on its tightening plan on Thursday, pushed out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
