German prosecutors probe Airbus for potential misuse of client documents
Munich prosecutors said on Wednesday they had launched a probe against Airbus after the company notified the authorities about potential irregularities involving customer documents.
Wall Street retreats ahead of Fed decision as FedEx weighs
U.S. stocks came under pressure on Wednesday as investors waited for the Federal Reserve’s decision on interest rates and clues about its future monetary policy, while a profit warning by FedEx weighed on sentiment.
Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon
JPMorgan Chase & Co Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the “right thing” in supporting the overnight funding needs of banks after borrowing costs suddenly spiked on Monday.
Fed keeps cash spigot open as key rate punches above its target
The Federal Reserve injected more cash into the U.S. banking system on Wednesday as the key interest rate pierced above the central bank’s targeted range for the first time since the height of the global financial crisis over a decade ago.
German carbon pricing plan may cost DAX companies billions: report
Germany’s blue-chip companies could face billions of euros in costs to cut carbon emissions under a climate protection plan due to be unveiled by the government on Friday, according to a study by asset manager Union Investment.
Exclusive: London Metal Exchange to delay ban on tainted metal until 2025 – sources
The London Metal Exchange (LME) will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said.
Exclusive: Italy cuts 2019, 2020 GDP growth forecasts – sources
Italy’s new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, three sources close to the matter told Reuters, underscoring the need for an expansionary 2020 budget.
Southwest passengers get no damages for flights canceled by de-icer shortage: U.S. judge
Southwest Airlines Co won the dismissal of a proposed class-action lawsuit seeking damages for stranded passengers on hundreds of winter flights it was forced to cancel because it ran out of de-icer fluid.
Novartis halts distribution of its Zantac versions amid probe into impurities
Novartis AG’s Sandoz unit said on Wednesday it was halting distribution of its versions of the drug commonly known as Zantac in all its markets, including the United States and Canada, after contaminants were found in the heartburn drug.
Wall Street dips as FedEx issues profit warning; all eyes on Fed
U.S. stocks came under pressure on Wednesday after a profit warning by FedEx, while investors waited for a decision on interest rates and clues on the future of U.S. monetary policy from the Federal Reserve.
