U.S. sets sights on shipping companies for sanctions evasions
The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe to clamp down on such practices, a top U.S. official said on Wednesday.
American Airlines CEO says expects 737 MAX approval in near future
American Airlines Group expects U.S. Federal Aviation Administration approval of Boeing Co’s grounded 737 MAX jets in the near future, Chief Executive Doug Parker said on Wednesday.
China considers up to $10 billion investment in Aramco IPO: Bloomberg
China’s state-owned entities are in talks about investing $5 billion to $10 billion in Saudi oil giant Aramco’s planned initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter.
Pharmacy benefits, Aetna power CVS third-quarter profit beat
CVS Health Corp reported better-than-expected third-quarter profit and revenue on Wednesday, boosted by its Aetna health insurance and pharmacy benefits businesses, and it raised its 2019 earnings forecast.
Wall Street rally loses steam after record run
U.S. stocks retreated from record highs on Wednesday, halting a rally that has been fueled by signs of progress in trade talks between Washington and Beijing and a largely upbeat corporate earnings season.
Europe’s banks must brace for coming digital storm: ECB’s Schnabel
Low profitability at European banks just when they need to invest to stay competitive in the digital era risks triggering a vicious circle of underinvestment and further poor performance, said Germany’s nominee to the board of the European Central Bank…
Explainer: ArcelorMittal’s Italian venture runs into legal and financial woes
ArcelorMittal said this week it was withdrawing from a deal to buy Italy’s struggling steel firm Ilva after the government scrapped previous guarantees of legal immunity during an environmental clean-up at its plant.
LSE investors to vote on Refinitiv deal on November 26
London Stock Exchange Group Plc said on Wednesday its shareholders would vote on Nov. 26 on whether to approve its $27 billion deal to buy data provider Refinitiv.
High-margin luxury fragrances power Coty’s profit beat; shares rise
Coty Inc reported quarterly profit above Wall Street expectations on Wednesday, helped by increased demand for its high-margin Hugo Boss, Burberry and Gucci fragrances, sending its shares up more than 17%.
Bank of America, Raymond James to pay $12 million for college fund overcharges
Bank of America Corp and Raymond James Financial Inc will pay roughly $12 million in restitution to customers who incurred excessive fees on investments meant to help their children afford college, a U.S. regulator said on Wednesday.
