A British investment banker at the center of Germany's biggest fraud trial told judges on Thursday he earned millions of euros from deals involving "astronomical" trades that prosecutors say were a means to make bogus tax reclaims.
A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend's attacks on Saudi Arabia's oil facilities pose supply risks.
Microsoft and healthcare companies lifted Wall Street on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary easing.
For Jessica Lescault there is no question that her 6-year old English bulldog "Moose" deserves cutting-edge biotechnology cancer treatment as much as any human patient.
A commercial breakthrough in the field of complex therapeutic proteins for dogs by sector leader Zoetis has roused rivals to action in a hunt for biotechnology medicines to treat pets.
U.S. and Chinese deputy trade negotiators were set to resume face-to-face talks for the first time in nearly two months on Thursday, as the world's two largest economies try to bridge deep policy differences and find a way out of a bitter and protracted trade war.
A Chinese delegation will visit American farm regions with U.S. officials next week in an effort to build goodwill amid ongoing trade negotiations, U.S. Agriculture Secretary Sonny Perdue told reporters on Thursday.
Italian broadcaster Mediaset said on Thursday it had reached an agreement with Peninsula Holding to limit the impact of the exercise of withdrawal rights in its deal to create a pan-European TV platform (MFE).
France's CNP Assurances SA is close to reaching a deal worth 7 billion reais ($1.7 billion) with Brazil's state-owned lender Caixa Economica Federal [CEF.UL] to sell insurance in the bank's more than 3,000 branches, two sources with knowledge of the matter said.
In a short statement posted on its website on Thursday, Airbnb did not give any details on how it plans to list its shares, although it is widely expected to take a direct-listing route.
Microsoft and Target rallied Thursday after announcing big buybacks, but Thomson Reuters Stocks Buzz analyst Terence Gabriel tells Reuters' Fred Katayama that shares of big companies heavily involved in buybacks have underperformed the broader market.
The office-share company's IPO prospects are dimming – but home-rental site Airbnb is in the ascendant. While both have been valued at more than $30 bln, Airbnb's asset-light business shows signs of better profitability, scale and real network effects, Robert Cyran argues.
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