World stocks eke out gains ahead of ECB meeting
World stocks inched up on Wednesday but were still below the six-month high they reached earlier this week as the prospect of the European Central Bank issuing fresh multi-year loans to banks helped offset concerns about U.S. President Donald Trump thr…
Delta Air Lines forecasts upbeat second quarter, shares rise 3 percent
Delta Air Lines Inc on Wednesday gave an upbeat profit forecast for the second quarter and reported a better-than-expected quarterly profit, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand.
Russian investigators call for U.S. investor to be let out of jail
Russian investigators have asked a court in Moscow to free detained U.S. investor Michael Calvey from custody at a hearing later this week and to place him under house arrest instead, the court said on Wednesday.
Reckitt plays down Indivior risk to infant formula business
Reckitt Benckiser Group on Wednesday sought to play down any potential impact to its infant formula business from U.S. litigation against Indivior, which it used to own, saying the risk was theoretical and unlikely.
Tech in driver’s seat as S&P 500 flirts with record
Technology stocks are extending their leadership on Wall Street as the S&P 500 trades near its all-time high, with Advanced Micro Devices Inc , Xilinx Inc and Xerox Corp among the top performers since last December’s sell-off that stirred fear of an end to a decade-long bull market.
Russian investigators call for detained U.S. investor to be put under house arrest
Russia’s Investigative Committee has asked a court in Moscow to free detained U.S. investor Michael Calvey from custody at a court hearing later this week and to place him under house arrest, the court said on Wednesday.
U.S. bank CEOs face off with Congress for the first time since financial crisis
Chief executives of some of the largest U.S. banks appeared before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.
Saudi Kingdom Holding CEO says didn’t buy Aramco bonds
Prince Alwaleed bin Talal’s firm Kingdom Holding Co did not buy bonds of Saudi Aramco, its chief executive Talal Ibrahim al-Maiman said on Wednesday.
U.S. charges pummel drugmaker Indivior, hurt Reckitt
Indivior Plc lost nearly three-quarters of its stock market value on Wednesday and former parent Reckitt Benckiser also fell after the U.S. Justice Department accused the British drugmaker of illegally boosting prescriptions for its blockbuster opioid …
Airbus-Boeing trade war would benefit Chinese planemaker, France says
An escalation in the subsidy row involving European planemaker Airbus and U.S. rival Boeing would be senseless and serve only to benefit an emerging Chinese competitor, France’s finance minister said on Wednesday.
