According to data released by the US Commerce Department, the numbers of Americans applying for unemployment benefits, dropped to its lowest level in almost 50 years.
On Thursday, the US Commerce Department said that retail sales increased by 1.6% in March. The biggest gain in more than eighteen months.
Wall Street edged higher on Thursday, boosted by a better-than-expected rise in the US retail sales, as data showed that the US economic growth picked up in the first quarter.
On Thursday, shares of Jet Airways Ltd edged lower, as investors had doubts if the grounded airline would take to the sky again.
The largest oil producer in the world, Saudi Aramco, has entered talks to acquire a 20% stake in the petrochemicals and refining businesses of the Indian group Reliance Industries, seeking to boost its investments in the sector.
Berkeleys has hired JP Morgan, the US investment bank, to review all options for the firm's investment funds, including its sale, which could be valued at about $500M, according to banking sources.
Chrysaor is nearing a deal to acquire ConocoPhillips' UK North Sea oil and gas assets, in a deal that could make the company the basin's largest producer.
Uber Technologies is getting closer to an investment deal with Toyota Motor, SoftBank and Japan's Denso Corp for the self-driving car unit that should be valued at $7.25B, according to the Wall Street Journal.
On Thursday, Osram, the German lighting group, stated it had continued talks with Carlyle Group and Bain Capital after the Manager Magazine's report that the PE firms could scrap a potential takeover.
Life360, the US family tracking app, launched its A$145M worth initial public offering on the Australian Stock Exchange on Thursday, offering around 30M shares at A$4.79 per each.
UK retail sales data surprised the markets on Thursday, as instead of the expected 0.3% decline an increase of 1.1% had taken place in March. The data indicates that before the Brexit deadline consumers shopped more than before Christmas.
On Thursday, Daimler announced that the company intends to save at least six billion euros at Mercedes-Benz by enacting a new cost cutting campaign that would increase efficiency.
The carmaker Mahindra and Mahindra stated it teamed up with Ford Motor's unit in India over the development of midsize SUVs, adding that Ford would invest $97.97M in the deal within the next 10 years.
Pinterest's has been valued at $12.7B in its initial public offering on Wednesday, topping the company's expectations, marking a demand for the technology IPO market following Lyft's struggles.
On Thursday, crude oil prices edged higher. The surge was connected to the OPEC supply cuts and the US sanctions against Venezuela and Iran.
According to KCNA on Thursday, Pyongyang no longer wants Mike Pompeo, the US Secretary of States, to be involved in the nuclear dialogue.
President Donald Trump's administration imposed new sanctions against Venezuela and Cuba, as the US increased pressure on Nicolas Maduro's government.
On Thursday, Sergei Ryabkov, the Russian Deputy Foreign Minister, said that Moscow would help Cuba and Venezuela overcome the new US sanctions.
Aeva Inc, the startup founded by former Apple engineers Mina Rezk and Soroush Salehian, signed a sensor deal with Audi's unit, which was working over self-driving technology for Volkswagen.
Germany's car parts maker Continental and France's rival Valeo joined Bury Techologies and Daimler to seek the EU antitrust investigation over Nokia's patent licensing practices, the Finnish tech company stated.
Ford Motor Company announced on Wednesday that the company expects a one billion USD profit increase due to a production shift in Michigan.
On Wednesday, the US Dollar lost value against peer currencies. Financial media attributed the event to good Chinese growth data that signalled that global currencies will be traded in for the Yuan.
Uber Technologies announced on Wednesday that they are close to finishing a deal with investors that would finance self-driving Uber cars.
On Wednesday, the Parliament of the EU fined Twitter, Facebook and Google up to four percent of their turnover for failing to remove extremist content from their social media platforms.