U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: Wall Street Journal
The U.S. Justice Department is investigating whether Deutsche Bank AG violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday.
Futures higher after rally on Powell’s dovish remarks
U.S. stock futures advanced on Thursday, a day after Wall Street’s main indexes touched new highs after dovish comments from Federal Reserve chairman Jerome Powell cemented the case for an interest rate cut this month.
Reckitt to pay $1.4 billion to end opioid addiction treatment probes
Reckitt Benckiser has agreed to pay up to $1.4 billion to end U.S. federal investigations into the marketing of an opioid addiction treatment by its former business Indivior, lifting a cloud that has been hanging over the British company for years.
Delta CEO sees ‘marginal benefit’ as competitors grapple with Boeing MAX grounding
Delta Air Lines Inc sees the momentum behind 6.5% quarterly revenue growth continuing throughout the year, Chief Executive Ed Bastian said, citing strong domestic demand that drove an increase in its full-year profit forecast.
Wall Street banks bailing on troubled U.S. farm sector
In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector.
Delta Air quarterly profit surges 39% on higher fares
Delta Air Lines Inc reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes.
FCA to invest 700 million euros for new electric 500 model production
Fiat Chrysler will invest an overall amount of 700 million euros ($788 million) to build a production line for the new electric version of the 500 model (BEV), a top group executive said.
Air China plans to buy 20 A350-900 aircraft from Airbus
Air China , China’s flagship carrier, will buy 20 A350-900 jets from Airbus SE worth $6.54 billion based on list prices, the carrier said on Thursday.
Bleak China autos outlook triggers raft of profit warnings
Auto suppliers Johnson Electric Holdings and Sensirion slashed their earnings forecasts on Thursday, blaming a slowdown in car sales and pessimism about the prospects of a Chinese car sector recovery.
Vitol faces possible $6 million fine for U.S. power market manipulation
Global energy trader Vitol faces a possible fine of $6 million from a U.S. energy regulator for alleged manipulation in California’s power market, an order from the regulator showed.
