Good morning! Here's what you need to know on Thursday.
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10 things you need to know in markets today
Here's what you need to know on Thursday.
Bank of England Governor Mark Carney speaks during the central Bank's quarterly Inflation Report press conference at the Bank of England in the City of London, Britain May 11, 2017.
The Bank of England key Monetary Policy Committee will on Thursday announce its decisions with regards to what to do with interest rates and its quantitative easingprogramme.Those decisions, alongside the bank's quarterly Inflation Report
The bill Britain must pay for moving the European Medicines Agency (EMA) from London after Brexit has soared to a staggering £520 million, it has emerged. The EU insisted earlier this year that Britain must foot the bill for moving the EMA, because it is a direct consequence of the decision to leave the union. Now Brussels has put the cost of relocation at €582.5 million (£520 million), with 60 per cent of the costs the result of a botched rental contract for the EMA's Canary Wharf offices.
The Dow Jones industrial average crossed the 22,000 level for the first time, thrust by Apple'srally after its earnings outperformance.The closely followed index gained around 0.2% on Wednesday, running its year-to-date gain to about 11.5% as traders have shrugged off the inability of President Donald Trump to pass any major pieces of legislation and have instead focused on earnings growth.
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Warren Buffett's bet on Apple gained $1 billion on Wednesday.Buffett'sBerkshire Hathaway owns about 135 million shares ofApple. Apple released its third quarter earnings report after the bell on Tuesday and beat Wall Street's expectations. Shares of the company rose 5.11% on Wednesdayfollowing the strong reportto $157.72.
Invesco Ltd is in discussions to acquire part of the investment management business of Guggenheim Partners LLC, including its exchange-traded funds (ETF) business, according to a person familiar with the matter.The discussions are fluid and a deal is not close to being finalized, according to the person, who was not authorized to discuss the matter publicly.
Asian shares dipped on Thursday as investors locked in recent gains after Wall Street's Dow Jones Industrial Average broke the 22,000 barrier for the first time in its 121-year history.MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5%.
Tesla burned through a record amount of cash in the second quarter as it prepared to unveil its Model 3 sedan.The company's earnings statement released Wednesday showed that Tesla's negative free cash flow expanded to a record -$1.2 billion from -$622.4 million a year earlier.
Australia's anti money-laundering regulator said on Thursday it launched civil legal proceedings against the Commonwealth Bank of Australia for breaches of money-laundering and counter-terrorism financing rules.The bank, Australia's biggest mortgage lender, failed to report suspicious matters "either on time or at all involving transactions totaling over A$77 million ($61 million)", the regulator, AUSTRAC, said in a statement.
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U.S. retail giant Amazon.com unveiled the location of its first warehouse in Australia on Thursday, picking an industrial area outside Melbourne in a major step towards launching operations in the world's 12th-largest economy.Australians can already buy Amazon products from offshore, but the prospect of an Amazon warehouse adds to pressure on traditional brick-and-mortar retailers to protect already-fragile sales.
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