U.S. Treasury yields climbed
further on Thursday with 30-year yield rising above 2.25% as an
unexpected drop in domestic jobless claims allayed some worries
about a recession that had roiled financial markets earlier this
Kraft Heinz Co's net income halved
in the first six months the year as the packaged food maker
disclosed well over $1 billion in charges and writedowns in
results delayed by an investigation into its procurement
U.S. Treasury prices fell in
early trading on Thursday, with 30-year bonds losing a point as
traders scaled back their safe-haven holdings of U.S. government
debt amid a tenative recovery in equity markets.
U.S. cloud-based service
provider Salesforce agreed to buy U.S.-Israeli software
developer ClickSoftware for $1.35 billion in cash and shares, in
a bid to accelerate growth of its cloud-based products to manage
customer service operations.
Russian authorities on Thursday
froze a slew of bank accounts linked to jailed opposition
politician Alexei Navalny as part of a money laundering
investigation that his allies say is a trumped-up attempt to
cripple his political movement.
Burford Capital, a London-listed
fund that finances lawsuits in return for a cut of any payouts,
said it is considering buying back shares, a day after
short-seller Muddy Waters criticised its accounts and said it
had bet on its shares falling.