International News
Europe close: Stocks slip as US-China trade talks hit snag
European stocks were slightly lower on Thursday, as trade negotiations between Beijing and Washington appeared to hit a snag, although the latest data revealed that Germany narrowly avoided falling into a technical recession in the third quarter.
Disney+ passes 10.0m streaming users mark for one day
Disney said late on Wednesday that over 10. 0m subscribers had signed up to its new online streaming platform in just the first day, sending shares in the entertainment giant higher.
Walmart tops earnings estimates in Q3
US retail giant Walmart fell short of analysts's estimates for its total sales in the third quarter but a 41% increase in online revenues still saw the company come in ahead of earnings expectations.
US open: Stocks little changed with trade talks still in focus
Stocks opened mostly flat on Thursday as market participants continued to focus on trade developments between the world's two largest economies.
US jobless claims rise more than expected
The number of Americans filing for unemployment benefits rose more than expected last week, according to figures released by the Labor Department on Thursday.
Saudi Arabia is 'running out of money' and needs funding from IPO
Saudi Arabia is slowly running out of money and needs the funds from the upcoming stock market listing of a small portion of state oil giant Saudi Aramco in December to finance its reform push, a former head of America's Central Intelligence Agency said.
US final demand prices fall back by less than expected in October
Wholesale inflation fell back by less than expected in October as energy and food prices bounced back.
US pre-open: Stocks set to dip with trade talks still in focus
US futures had stocks opening lower on Thursday as market participants continued to be mainly focussed on trade developments between the world's two largest economies.
Asia report: Markets finish mixed as trade negativity takes hold
Markets in Asia finished mixed on Thursday, as investors digested disappointing industrial output data from China, as well as fresh reports that Beijing and Washington had reached yet another bump in the road of trade negotiations.
Chinese economy continued to lose momentum in October
Economic activity in the People's Republic of China continued to slow down in October, pointing to at least further mild policy easing from the country's central bank before the end of the year and an economy that was heading into 2020 with scant momentum.
China insists on US trade tariff roll-back
China reiterated its call for the US to roll back its trade tariffs as part of a phase-one trade deal between the two powers and pushed back on requests to provide detailed targets for increasing its purchases of US farm goods.
Daimler warns on profits, looks to cut €1.4bn in personnel costs
Daimler outlined plans to cut as much as €1. 4bn in personnel costs on Thursday as the German automotive giant warned the shift to electric vehicles would hit profits over the next two years.
Brexit stockpiling boosts Channel Tunnel traffic in October
The prospect of a hard Brexit on 31 October led to an uptick in freight traffic through the Channel Tunnel during the month, it was revealed on Thursday.
Second Trump call on Ukraine reveals president's insistence on Biden probe
A top US diplomat told Congress on Wednesday, in the impeachment hearings on Donald Trump, that a member of his staff had overheard the president on the phone with Ukraine pressing for a probe into the Biden family.
Germany narrowly avoids recession but growth still weak
Germany has narrowly avoided a technical recession, according to figure released by Destatis on Thursday, but growth remains weak.