Corporate and Financial News Roundup

The seasonally adjusted monthly unemployment rate in July was 3.4%, the National Statistics Office said. It said that according to figures from the Labour Force Survey and Jobsplus, this was at par with the previous month and down from 3.8% in July 2018. Times of Malta 

Signs that Italy’s latest political drama was over and hopeful noises from Beijing in the trade war pushed Europe’s share markets higher on Thursday and paused the relentless steamrollering of global bond yields. Reuters 

Turkey welcomed 24.69 million foreign visitors in the first seven months of this year, according to new Culture and Tourism Ministry data. The number of foreigners visiting the country rose 14.1% in January-July from the previous year, according to the data released Thursday.  Anadolu

U.S. stock index futures jumped about 1% on Thursday as China sounded upbeat about its trade talks with the United States, calming investors unnerved by the prospect of a recession. Reuters

Argentina’s embattled government will ask its creditors including the IMF for more time to pay off $101bn of debts, as the country struggles to avoid a ninth sovereign default. Financial Times 

Mexico’s president Andrés Manuel López Obrador is set to allow the struggling state oil company to resume joint ventures with the private sector next year, a senior government official said, in what would be a reversal of his previous fierce opposition to the country’s energy reform. Financial Times 

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