BlackRock CEO Larry Fink says ECB must buy equities to stimulate euro zone
BlackRock Chief Executive Larry Fink said on Friday the European Central Bank will need to purchase equities to stimulate Europe’s economy, and that leaders should find ways to have investors embrace an “equity culture” there.
U.S. to grant final approval to American Airlines-Qantas joint venture: sources
The U.S. Department of Transportation (DOT) is set on Friday to grant American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016, two people briefed on the matter told Reuter…
Wall St. slightly higher on Microsoft results, rate cut hopes
Wall Street’s main indexes edged higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent.
AmEx warns of higher costs as it boosts rewards program, shares fall
American Express Co warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday.
Cummins makes offer for VW’s large engines unit: sources
United States-based diesel engines maker Cummins has made an indicative offer for Volkswagen’s MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets.
Oil steadies as Middle East tensions counter demand worries, set for weekly fall
Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand.
Wall St. edges higher on Microsoft’s beat, rate cut optimism
Wall Street’s main indexes inched higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent.
Fed rate cut hopes, Microsoft lift stocks; dollar bounces
A gauge of global stocks climbed on Friday as investors expect an aggressively dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have been better than anticipated.
Jet Airways’ lenders approve interim finance plan for the carrier
Lenders to Jet Airways agreed on Friday to provide some interim financing to the bankrupt airline to help it cover legal and other costs, as resolution experts look to find a potential buyer.
Wall St. rises on Microsoft’s beat, rate cut euphoria
U.S. stock indexes advanced on Friday as solid results from Microsoft lifted technology stocks and added to an upbeat mood following signs from New York Fed President John Williams that the central bank would lower interest rates this month.
