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Home2018

Year: 2018

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Business News

U.S. import prices post biggest drop in two years

July 13, 2018 admin Comments Off on U.S. import prices post biggest drop in two years

U.S. import prices recorded their biggest drop in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods.

…read more […]

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Business News

Air France-KLM chairman blames Accor over CEO search delay

July 13, 2018 admin Comments Off on Air France-KLM chairman blames Accor over CEO search delay

Anne-Marie Couderc, the interim chairman of Air France KLM , has blamed AccorHotels for complicating and delaying the airline’s search for a new chief executive, according to an internal memo seen by Reuters.

…read more […]

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Business News

Thyssenkrupp names finance chief Kerkhoff as interim CEO

July 13, 2018 admin Comments Off on Thyssenkrupp names finance chief Kerkhoff as interim CEO

Chief Financial Officer Guido Kerkhoff was named interim CEO of Thyssenkrupp on Friday and won the backing of the German industrial group’s biggest shareholder, as the search began for a permanent replacement for Heinrich Hiesinger.

…read more […]

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Business News

Bosch must hand over e-mails in VW emissions suit: court

July 13, 2018 admin Comments Off on Bosch must hand over e-mails in VW emissions suit: court

Supplier Robert Bosch [ROBG.UL] must hand over e-mails in connection with lawsuits brought by investors against Porsche SE in connection with the Volkswagen (VW) diesel scandal, a Stuttgart regional court ruled on Friday.

…read more […]

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AT&T shares skid as Justice Department says to appeal Time Warner case

July 13, 2018 admin Comments Off on AT&T shares skid as Justice Department says to appeal Time Warner case

Shares of AT&T Inc fell 1.8 percent in trading before the bell on Friday after the U.S. Justice Department said it would appeal a federal judge’s approval of the telecommunication network’s acquisition of Time Warner.

…read more […]

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Business News

Wells Fargo profit falls 12 percent

July 13, 2018 admin Comments Off on Wells Fargo profit falls 12 percent

Wells Fargo & Co on Friday posted a 12 percent decline in second-quarter profit, as loans fell and expenses rose.

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JPMorgan profit beats on better-than-expected trading, loan growth

July 13, 2018 admin Comments Off on JPMorgan profit beats on better-than-expected trading, loan growth

JPMorgan Chase & Co’s quarterly profit topped Wall Street’s expectations on Friday, as trading revenue came in much higher than expected and demand for loans increased on the back of a strengthening U.S. economy.

…read more […]

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Business News

British regulator sets 14 pound floor under Sky shares

July 13, 2018 admin Comments Off on British regulator sets 14 pound floor under Sky shares

Britain’s takeover regulator has decided that Disney must offer 14 pounds a share for Sky if it succeeds in buying Rupert Murdoch’s Twenty-First Century Fox , in a key ruling in the takeover battle for the broadcaster.

…read more […]

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Stock futures flat as JP Morgan kicks off earnings season

July 13, 2018 admin Comments Off on Stock futures flat as JP Morgan kicks off earnings season

U.S. stock index futures were little changed on Friday as robust results from JP Morgan aided sentiment at a time of continuing fear over the trade conflict between the United States and China.

…read more […]

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Trump praises strong relationship with UK’s May after damning her Brexit plan

July 13, 2018 admin Comments Off on Trump praises strong relationship with UK’s May after damning her Brexit plan

President Donald Trump said on Friday he had a very strong relationship with British Prime Minister Theresa May, having earlier scorned her Brexit strategy which he said had probably killed off hope for a future U.S.-British trade deal.

…read more […]

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JPMorgan profit beats on higher trading revenue, loan growth

July 13, 2018 admin Comments Off on JPMorgan profit beats on higher trading revenue, loan growth

JPMorgan Chase & Co’s quarterly profit topped Wall Street’s expectations on Friday, driven by much higher-than-expected trading revenue and increased loan demand.

…read more […]

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Business News

Factbox: U.S. President Trump’s views on UK’s May, Brexit

July 13, 2018 admin Comments Off on Factbox: U.S. President Trump’s views on UK’s May, Brexit

U.S President Donald Trump delivered a withering verdict on British Prime Minister Theresa May’s Brexit strategy, criticized the London mayor and tipped a minister who resigned this week as a future leader in an newspaper interview published on Friday.

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Business News

U.S. President Trump says relationship with UK is very, very strong

July 13, 2018 admin Comments Off on U.S. President Trump says relationship with UK is very, very strong

After publicly criticizing British Prime Minister Theresa May’s Brexit strategy, U.S. President Donald Trump said on Friday that the relationship was “very, very strong.”

…read more […]

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Business News

JPMorgan reports 18.3 percent rise in profit

July 13, 2018 admin Comments Off on JPMorgan reports 18.3 percent rise in profit

JPMorgan Chase & Co reported an 18.3 percent rise in quarterly profit on Friday, helped by tax gains, a rise in interest rates and higher trading revenue.

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Trump says he and May ‘probably never developed a better relationship’

July 13, 2018 admin Comments Off on Trump says he and May ‘probably never developed a better relationship’

U.S President Donald Trump said on Friday he and British Prime Minister Theresa May had “probably never developed a better relationship” than during a dinner on Thursday.

…read more […]

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