 | | | | French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions. | | | | | | European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times reported on Thursday. | | | | | | It is perhaps as predictable as it is problematic: Within days of news that two Federal Reserve bank presidents had engaged in controversial stock trades, one of the fiercest critics of the U.S. central bank's financial system oversight demands new ethics rules that would bar such dealings in the future. | | | | | | Citigroup Inc is hiring Steve Milovanovic to head its investment banking unit which focuses on mergers and acquisitions by financial institutions in the Americas, according to an internal memo seen by Reuters on Thursday. | | | | | | The S&P 500 (.SPX) ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery. | | | | | | Semiconductor shortages and the delayed packaging and testing of the chips will cause production of global light vehicles to drop by five million this year, data firm IHS Markit said on Thursday, marking the biggest cut to its outlook in nine months. | | | | | | The S&P 500 (.SPX) ended slightly lower on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery. | | | | | | The dollar rose and hit its highest level in nearly three weeks against a basket of currencies on Thursday after data showed U.S. retail sales unexpectedly increased in August, easing some concerns about a sharp slowdown in economic growth. | | | | | | U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region. | | | | | | Wall Street indexes fell on Thursday as an unexpected rise in retail sales pointed to resilience in the economic recovery, pushing up yields and spurring a broad move out of heavyweight technology stocks. | | | | | |
