International News
US close: Dow extends winning streak following Powell's speech
Wall Street turned in a mostly positive performance on Thursday as market participants digested comments made by Federal Reserve chairman Jerome Powell regarding the central bank's plans for the future of monetary policy in the US and several data releases.
Fed's Powell announces shift in policy framework
The head of America's Federal Reserve announced a shift in monetary policy in order to allow both greater growth in hiring and for more sustained overshoots on inflation versus its target level following periods of weakness.
US jobless claims remain above 1m; Q2 GDP revised touch better
The number of Americans filing for unemployment benefits fell slightly last week after an unexpected increase the week before, but remained above 1 million.
US pre-open: Futures slip ahead of Powell speech
Wall Street futures were pointing to losses ahead of the bell on Thursday as market participants hoped to glean some hints on the Federal Reserve's plans for the future from chairman Jerome Powell later in the day.
Porsche to go ahead with electric model launch despite drop in sales
Porsche is set to press ahead with the launch of new electric models in the US despite a drop in sales during the coronavirus crisis.
Asia close: Stocks end mixed, Bank of Korea leaves door open to more cuts
Asian equities ended the session on a mixed note with investors opting to sit on their hands of a potentially key speech from US Federal Reserve chairman which could be expected to have global implications.
Delivery Hero buys InstaShop for $370m
Delivery Hero has bought InstaShop, a Middle East and North Africa online grocery platform, for $370m (£280m) to capitalise on the boom in delivery services spurred by the Covid-19 crisis.
Amazon launches new concept grocery stores
Amazon announced on Thursday that it was opening a supermarket in Los Angeles with high-tech shopping carts that let customers skip checkout lines.
TikTok CEO resigns due to 'sharply changed' political environment
TikTok’s chief executive Kevin Mayer resigned his post claiming there is a “sharply changed” political environment after US President Donald Trump accused the app of being a risk to national security.