World stocks hold nerve after May’s Brexit defeat, pound steady
World equity markets on Wednesday held their nerve after the heavy parliamentary defeat of British Prime Minister Theresa May’s Brexit deal as investors saw potential for legislative deadlock forcing London to delay its departure from the EU.
Embraer warns of little or no profit in next two years
Brazilian planemaker Embraer SA said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co closes, although it warned of little or no profit in the next two years.
EU court paves way for $2 billion UPS claim as annuls TNT bid veto
Europe’s top court opened the way to a $2 billion damages claim by U.S. delivery company UPS on Wednesday by annulling a 2013 decision to stop it buying Dutch firm TNT Express.
Ryanair pilot unions in ‘several countries’ suspend talks: ECA
Ryanair pilot unions in several countries have suspended talks with management in protest at what they see as the airline using the threat of base closures as a bargaining tool in labor talks, the European Cockpit Association (ECA) said on Wednesday.
BlackRock profit misses as market turmoil hits bottom line
BlackRock Inc , the world’s largest asset manager, reported lower-than-expected quarterly profits on Wednesday, as price cuts and market turmoil overshadowed strong sales of relatively low-cost funds.
Oil edges down on worries over global economy, supply glut
Oil prices edged down on Wednesday having climbed about 3 percent in the previous session, with worries about the global economy and forecasts of swelling U.S. production hurting sentiment.
U.S. automakers push for deal on fuel efficiency rules
Executives at the major U.S. automakers are pressing the Trump administration and California to agree on standards for fuel efficiency and carbon emissions through 2025, as risks increase that a deadline for setting national standards will pass without…
Brazil’s Embraer sees breakeven in 2019 before interest, taxes
Brazilian planemaker Embraer SA said on Wednesday it expects 2019 earnings to be “approximately zero,” before factoring in interest and taxes.
Ford forecasts weaker-than-expected fourth quarter profit
Ford Motor Co gave a fourth-quarter earnings forecast on Wednesday that was below analysts’ expectations, sending shares down slightly in U.S. premarket trading.
BofA beats profit estimates on higher interest income, loan growth
Bank of America Corp reported better-than-expected fourth-quarter profit as higher interest income and loan growth eclipsed declines in revenue from investment banking and bond trading, sending its shares up 3 percent.
