A survey released on Thursday by the Federal Reserve revealed that a big part of Wall Street institutions have experienced increased equity funding demand.
On Thursday, Wall Street edged higher, buoyed by a surge in technology shares. However, the gains were restricted, as traders and investors await the outcome of the US-China trade talks.
According to sources with knowledge of the matter, Dongfeng Group and Nissan Motor are in talks to form fleet management venture with the ride-hailing and car-sharing services, Didi Chuxing.
On Thursday, the US special envoy to Iran Brian Hook said that the United States policy of maximum pressure on Iran's economy was working.
On Thursday, Reuters published survey results of 40 Australian top bank economists. Almost 70% replied that the Reserve Bank of Australia this year will cut interest rates by 0.75%.
Swiss Re announced on Thursday the price for the initial public offering of the shares of the company's UK life assurance business ReAssure from 2.80 to 3.30 pounds. That amounts to a capitalization from $3.55 to $4.19 billion.
On Thursday, Huawei announced that the company's patent talks with Verizon is common business and that they should not be politicized.
On Thursday, the President of the United States Donald Trump requested India to cancel the retaliatory tariffs that the Indian government imposed this month.
Reuters reported on Thursday that Chinese companies are avoiding tariffs by shifting production to various Southeast Asian countries.
The US Federal Communications Commission has begun a new investigation into Sinclair Broadcast Group disclosures on failed Tribune deal.
According to sources with knowledge of the matter, SoftBank Corp and Toyota's self-driving car venture would receive further investment from five Japan' automakers.
The Central Bank of Singapore is reviewing a 1.5%-2.5% economic growth forecast for 2019, as China and the United States trade war hit investments, trade and manufacturing in the city.
Rare earth producer Lynas Corp announced on Thursday that it has secured ten-year better loan terms with Japanese backers.
On Thursday, energy research company Wood Mackenzie announced that the US Democrat proposed Green New Deal would cost the United States $4.7 trillion.
The President of France Emmanuel Macron stated that there was no necessity for the country's government to lower the stake in Renault, adding that he wanted the alliance of Renault-Nissan to work over strengthening its synergies.
Huawei Technologies stated that it has received more than $1.4B in licensing revenue in more than three years and paid over $6B in royalties to legally implement other firms' intellectual property.
The self-driving vehicle joint venture of Toyota Motor and SoftBank is expected to get investment from a five more Japanese automakers, sources with the knowledge of the matter stated, widening backing for the all-Japan effort.
Supported by improving sales, China's industrial companies' profits increased 1.1% in May to $82.21M after shrinking 3.7% in the prior month, bucking a downtrend, official data revealed on Thursday.
During Wednesday's trading session, crude oil price benchmarks surged by more than two percent and hit a monthly high level due to an unexpected drop in US crude oil stocks.
On Wednesday, the President of the San Francisco Federal Reserve Bank Mary Daly announced that the Fed might fight uncertainty with monetary stimulus.
On Wednesday, US stocks edged higher. This surge was attributed to the remark, made by the US Treasury Secretary Steven Mnuchin, that the US and China were very close to a trade deal.
According to the CNBC report, Steven Mnuchin, the US Treasury Secretary, announced on Wednesday that China and the United States were about 90% close to a trade deal.
The US President Donald Trump and the Russian President Vladimir Putin are scheduled to meet on the sidelines of the G20 summit in Japan on June 28.
Oil prices edged higher on Wednesday. The surge was attributed to a drop in the US crude stockpiles and the refinery disruption on the US East Coast.