Britain's online fashion retailer Boohoo Group is in advanced talks to acquire clothing brands Burton, Dorothy Perkins and Wallis from the administrator to Philip Green's Arcadia Group, Sky News reported on Thursday.
The dollar retreated and Wall Street rallied on Thursday as investors looked past weak U.S. GDP and jobless claims data to hopes of a rosier economy ahead and welcomed restrictions on this week's social media-driven trading frenzy.
Mexico's Petroleos Mexicanos (Pemex) said on Thursday it has wound up and absorbed its fertilizer unit, which was linked to a high-level corruption investigation into a former boss of the state oil company.
Brazil's real slipped on Thursday on fiscal woes, while other major Latin American currencies cut losses to trade higher as the dollar sank in choppy trade.
American Airlines said on Thursday that its regional carrier PSA had temporarily removed most of its aircraft from service and canceled flights while it works with the Federal Aviation Administration (FAA) to address a maintenance issue.
The U.S. oil industry is seeking to forge an alliance with the nation's corn growers and biofuel producers to lobby against the Biden administration's push for electric vehicles, but is so far meeting a cool reception, according to multiple sources familiar with the discussions.
American Airlines Group Inc and Southwest Airlines Co posted their biggest-ever annual losses on Thursday and indicated a need for additional government aid as the industry continues to reel from the coronavirus pandemic.
In trading on Thursday, shares of Ternium S A (Symbol: TX) entered into oversold territory, changing hands as low as $26.90 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
Shares of Aeromexico rose more than 22% on Thursday after the Mexican airline negotiated new contracts with two labor unions, bringing it closer to accessing a second tranche of bankruptcy financing.
Harvesting delays in Brazilian soybean fields should continue throughout February after a drought pushed back plantings of the oilseeds, Thaís Italiani, market intelligence coordinator at Hedgepoint Global Markets, told a webinar on Thursday.
India's ruling Bharatiya Janata Party (BJP) has promised a game-changing budget to revive the pandemic-hit economy, but a mountain of debt may force the finance minister to make tough choices when she delivers the package on Monday.
Shares in Aeromexico rose more than 16% on Thursday after the Mexican airline negotiated pay cuts with a pilots' union, one of the required steps to access a second tranche of bankruptcy financing.
India is likely to announce a five-year plan to cut expensive vegetable oil imports worth $10 billion a year in next week's federal budget by providing farmers with financial incentives to switch to oilseeds from grains, said three senior government officials.
An almost 60% surge in shares of American Airlines led stellar gains for a series of social-media hyped stocks on Thursday, broadening a battle between small-time traders and major Wall Street institutions that has shaken U.S. and European stock markets.
Germany is preparing entry bans for travellers from Britain, Portugal, Brazil and South Africa to limit the spread of the more contagious variants of the coronavirus raging in these countries, Interior Minister Horst Seehofer said on Thursday.
American Airlines Group Inc posted a slimmer-than-expected quarterly loss on Thursday and joined rival Delta Air Lines in calling 2021 a year of recovery for an industry that has been ravaged by the coronavirus pandemic.
Copper touched its lowest in over a month on Thursday as investors sought safety in the dollar due to rising coronavirus cases and lockdowns in large economies, pressuring metals priced in the greenback.
U.S. company Mondelez International is being investigated by EU antitrust authorities over concerns it may have blocked cross-border sales of its products in the European Union in breach of competition rules.
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