Avianca to pack more seats into planes as part of recovery plan, executive says
Latin American airline Avianca will look to increase the number of passengers it can fit into a plane without enlarging its fleet as part of its efforts to overcome ongoing financial problems, its chief executive said on Thursday.
Tech rally boosts Wall Street after China trade comments
Wall Street’s main indexes surged on Thursday, boosted by technology stocks, as China sounded hopeful on trade negotiations with the United States, lifting investor sentiment that has been dented by growing worries of a recession.
SEC fines Texas-based firm for offering illegal tokens, unregistered exchange
The U.S. Securities and Exchange Commission said on Thursday it fined and settled charges against a Texas-based cryptocurrency firm and its founders for wrongfully issuing digital offerings and for using an unregistered online trading platform.
BNP Paribas plans bid for Deutsche Bank’s equity derivatives
French lender BNP Paribas plans to bid for Deutsche Bank’s equity derivatives book and is hopeful it can beat off rival bidders to secure a deal in the next few weeks, according to sources familiar with the matter.
U.S. economy slowing, but consumers limiting downside
U.S. economic growth slowed in the second quarter, the government confirmed on Thursday, but the strongest consumer spending in 4-1/2 years amid a solid labor market threw cold water on financial market expectations of a recession.
Volkswagen to invest $577 million in Brazil auto plant
Volkswagen will invest 2.4 billion reais ($577 million) in one of its Brazil factories, Sao Paulo state governor Joao Doria said on Thursday during a visit to the automaker’s headquarters in Germany.
Exclusive: T. Rowe Price held talks with Guaido team on Venezuela PDVSA 2020 payment
T. Rowe Price has held informal talks with advisors of Venezuelan opposition leader Juan Guaido about financing a $913 million payment on state oil firm PDVSA’s 2020 bond, an executive at the U.S. fund manager told Reuters, adding the plan would only w…
Apple likely to unveil latest iPhone on September 10
Apple Inc will host an event on Sept. 10 at the Steve Jobs Theater in the company’s Cupertino, California campus, where it is widely expected to unveil new iPhone models.
FTC probes marketing practices of e-cigarette maker Juul: WSJ
The Federal Trade Commission is investigating the marketing practices of e-cigarette maker Juul Labs Inc, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Argentine asset prices slide, country risk soars on debt ‘reprofiling’ plan
Argentine asset prices fell on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to “reprofile” about $100 billion of its debt, leaving investors scrambling to assess what kind of hit they might take.
