Business & Finance News
European Commission President Jean-Claude Juncker said he was “upbeat and relaxed” ahead of his trip to Washington next week to discuss strained trade relations between the European Union and the United States.
The S&P 500 hovered at five-month highs on Wednesday, with gains in financial and industrial stocks due to strong earnings from marquee companies offsetting losses in the technology and energy sectors.
Swiss bank UBS will swap out leadership at its Luxembourg wealth management (WM) unit in October amid changes in the region, including the Swiss bank’s move in January to acquire Nordea’s private banking business there.
U.S. stocks opened higher on Wednesday, led by gains in industrials after robust quarterly profit from United Airlines and CSX Corp and as Morgan Stanley’s strong results lifted financial stocks.
Saudi Aramco has invited banks to pitch for an advisory role on the potential acquisition of a strategic stake in Saudi Basic Industries Corp (SABIC) , two sources with direct knowledge of the matter told Reuters.
EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday for using its Android mobile operating system to squeeze out rivals, and Google said it would appeal.
Once the outcast of European bond markets, Greece appears firmly on the road to redemption.
U.S. President Donald Trump’s top economic adviser said on Wednesday that Chinese President Xi Jinping was “holding up” a deal to resolve a “significant trade dispute” between the United States and China.
Amazon.com Inc said online shoppers purchased more than 100 million products worldwide during its Prime Day sale, despite glitches on its mobile app and websites that prevented customers from placing orders.
U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it struggles with a dearth of properties available for sale.
U.S. loan applications to refinance existing homes rebounded from their lowest levels in over 17-1/2 years last week, while home borrowing costs were mixed, data from the Mortgage Bankers Association showed on Wednesday.
BRUSSELS – Alphabet unit Google was hit with a record-breaking 4.34 billion euro ($5.04 billion) fine on Wednesday, topping the 2.4 billion euros it was ordered to pay in another case last year.
The French government said on Wednesday that it welcomed the record 4.34 billion euros ($5 billion) fine imposed on Google by European Union regulators, with a government spokesman describing it as an “excellent decision”.
James Bond would love it. Aston Martin, maker of the luxury sports cars favored by the fictional British spy, has now come up with a futuristic personal aircraft it has dubbed “a sports car for the skies”.
EU Competition Commissioner Margrethe Vestager said she “very much liked” the United States, countering a reported remark by President Donald Trump that she “hated” the country because of her antitrust actions against U.S. firms.
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