The Federal Reserve reported that US industrial production held steady last month, following an increase of 1.1% in April and falling behind expectations for a 0.2% climb.
Import prices in the United States fell 0.3% in May, compared to the prior month's downwardly revised rise of 0.2%, while analysts expected an increase of 0.1%.
The New York State Fed reported on Thursday that its PMI for the region surged to 19.8 points in June, up from the prior month's reading of -1.0 and surpassing expectations for an increase to 5.2.
The number of Americans filing for unemployment aid dropped 8K to 237K in the week ended June 9, whereas analysts anticipated a slighter fall to 241K.
On Thursday, the United Nations Assistance Mission in Iraq (UNAMI) said that it does not plan to play any role in the upcoming referendum on independce organized by the Iraqi Kurds.
On Thursday, the Nike Inc. announced that it plans to cut 2% of its workforce all around the globe in an attemp to reduce the number of business segments from six to four.
Data released by Statistics Canada on Thursday revealed the country's manufacturing sales advanced 1.1% to reach a record high of $54.4B over the month of April.
The Federal Reserve Bank of Philadelphia's manufacturing activity index dropped from 38.8 points in May to 27.6 in June, though still beating expectations for a 25.5-point reading.
The right wing Hindu groups in India have increased their efforts against the manufacturers of leather goods, who use cow leather.
The Prime Minister of Pakistan Nawaz Sharif attacked the slanderers, who have called him out regarding the investigation of his family connections and wealth.
Eurostat reported that the Euro zone's trade surplus narrowed to €19.6B in April, compared to March's revised down surplus of €22.2B, while analysts anticipated a slight increase to €22.4B.
British retail sales dropped 1.2% last month, following April's upwardly revised gain of 2.5% and falling behind analysts' expectations for a 0.9% decline.
On Thursday, the Russian President Vladimir Putin promised that Russia would remove its sanctions on other countries, provided they do the same.
On Thursday, Russia's President Vladimir Putin stated that the economic crisis in the country has come to an end, with inflation beginning to fall as a sign of that.
French start-ups have gained momentum due to a growing interest from venture capital funds and expected improvements from Emmanuel Macron's business-friendly government.
Asian shares and US stock futures fell on Thursday in response to soft US economic data, hawkish Fed and allegations that Trump is under investigation for obstruction of justice.
Google and Novartis invested $300M in a new investment fund for medical research, thus betting on the potential of European biotech companies to discover life-changing drugs.
Following the latest attacks in Western cities, insurance companies have adopted to these new challenges by offering a wider variety of policies for both companies and individuals.
The People's Bank of China missed market expectations for a rate hike, keeping the short-term interest rate unchanged and ignoring the US Fed's policy alterations.
The British government is likely to expand its financial aid for everything from start-ups to infrastructure projects in an attempt to support economic growth ahead of the EU leave.
The governments of Guatemala, Honduras, El Salvador and the Inter-American Development Bank lined up $2.5B for infrastructure projects to help curb migration and crime.
Bank of America began to lay off more workers in its technology and operations division, aiming to reduce costs to reach its financial targets.
On Thursday, the Philippines military stated that they managed to arrest one of the Maute brothers - a senior member of the IS-backed militants in the country.
On Thursday, prices for oil dropped to their seven-month low, dragged down by high global inventories and concerns over OPEC being able to deliver on its production cut promises.