ArcelorMittal, the world’s largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva.
Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexico.
Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank gave out more personal and automobile loans, and made headway in its cost-cutting plan.
U.S. Treasury Secretary Steven Mnuchin said on Friday that he told China’s central bank chief that currency issues need to be part of any further U.S.-China trade talks and expressed his concerns about the yuan’s recent weakness.
U.S. stocks opened higher on Friday, as bumper results from the country’s largest banks, including JPMorgan , set an upbeat tone for the earnings season.
General Electric Co said on Friday it has pushed back its third-quarter earnings release date to Oct. 30 to allow new Chief Executive Officer Larry Culp complete business reviews and site visits.
Brussels, the political heart of Europe, could prove the center of global market focus next week as Italy’s budget and Brexit talks overshadow economic data and central banks.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
The German government is committed to introducing tougher sanctions against companies that foster criminal behavior in the wake of Volkswagen’s diesel emissions scandal, the country’s justice minister said.
Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by higher bond trading revenue and strength in its consumer banking business in Mexico.
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and growth in loans helped the bank offset weakness in bond trading revenue.
Wells Fargo & Co posted a quarterly profit that fell short of analysts’ estimates on Friday, as a $13 billion drop in new mortgage borrowing offset the bank’s efforts to cut costs.
Royal Bank of Scotland paid its first dividend since a 2008 British government bailout on Friday, rewarding around 190,000 shareholders with a 2 pence per share payout.
Citigroup Inc reported a 12 percent increase in quarterly profit on Friday, as the bank benefited from lower expenses and consumer banking business in Latin America.
Shares worldwide were set for their biggest daily gains in nearly a month on Friday as European and Asian markets recovered from a days-long sell-off that left them set for their worst week since February.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
