Articles by admin

Hard Brexit, soft Brexit, no Brexit – or maybe just later Brexit?

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Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity.

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Airbus expanded its industrial presence in the United States on Wednesday, preparing to breaking ground on a new assembly plant for the A220, 18 months after agreeing to buy the Canadian jetliner in the midst of a U.S.-Ottawa trade row.

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Citigroup’s female employees earn 29 percent less than their male counterparts, the Wall Street bank revealed on Wednesday, while announcing targets for appointing more women and minorities to senior roles.

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Bank of America Corp’s quarterly profit topped analyst estimates on Wednesday as a growing loan book helped it ride out year-end market turbulence, sending the lender’s shares up more then 5 percent.

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BlackRock Inc , the world’s largest fund manager, reported a smaller-than-expected quarterly profit on Wednesday due to financial market turmoil, but investors celebrated the company’s strong sales of relatively low-fee funds.

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Bank stocks drove Wall Street to a one-month high on Wednesday after strong earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector adding to the boost.

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The London Electric Vehicle Company (LEVC), which makes the city’s popular black taxis, named former Audi executive Joerg Hofmann as its new chief executive, succeeding Chris Gubbey who will step down next month.

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SQN Investors LP said on Wednesday Yelp Inc’s shares could surge anywhere between $55 and $65, about 50-80 percent higher than its current price, if it implements the hedge fund’s recommendations to check its “underperformance”.

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Goldman Sachs Chief Executive Officer David Solomon on Wednesday apologized to the Malaysian people for former banker Tim Leissner’s role in the sovereign wealth fund 1MDB scandal, but said the bank had conducted due diligence before every transaction.

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Britain’s biggest carmaker Jaguar Land Rover (JLR) urged lawmakers to rule out the possibility that the country leaves the European Union without a deal, to prevent companies from having to make costly contingency planning.

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Oil prices steadied on Wednesday after climbing about 3 percent in the previous session, with worries about the global economy and forecasts of swelling U.S. production dampening sentiment.

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Furious companies facing weeks more uncertainty over an ever closer Brexit lashed out at politicians on Wednesday, and warned of chaos at ports and catastrophic job losses if Britain failed to secure a withdrawal deal with the European Union.

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U.S. stocks opened higher on Wednesday, boosted by financial stocks after strong earnings from Goldman Sachs and Bank of America.

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John Elkann, chairman of Ferrari and main shareholder in Exor , reiterated his support for Ferrari chief executive Louis Camilleri, denying speculation a top management purge could be on the cards.

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