World stocks rebound, Brexit blow-up levels sterling
A gauge of global stocks climbed on Thursday after five sessions of declines as Wall Street surged on trade optimism, while sterling tumbled as political developments in Britain rippled through markets.
Goldman CEO ‘personally outraged’ by Malaysia’s 1MDB corruption scandal
Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is “personally outraged” that any of the bank’s officials would take the actions laid out in U.S. government charges of fraud involving Malaysia’s state controlled inve…
Wall Street ends up on hopes of easing U.S.-China trade tensions
U.S. stocks rose on Thursday after a news report that further U.S. tariffs on Chinese imports would be paused spurred optimism that the two countries could resolve their trade dispute.
Brexit fears pummel sterling; lift yen, dollar
Sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/2 months.
JetBlue wants U.S., European regulators to review joint ventures
The chief executive of JetBlue Airways Corp, which has made no secret of its desire to expand into transatlantic service, said on Thursday that U.S. and European regulators should review joint ventures that have allowed big airlines to dominate the mar…
Erich Hampel to step down as chair of UniCredit Bank Austria
Italian lender UniCredit on Thursday said that its Austrian business’s Chairman Erich Hampel has resigned from the Board and will also step down from all other functions within the group.
USTR Lighthizer denies he said China tariffs on hold
U.S. Trade Representative Robert Lighthizer on Thursday denied a report that he had told some industry executives that another round of tariffs on Chinese imports had been put on hold as the two nations pursue talks.
Wells Fargo plans 1,000 U.S. job cuts
Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.
USTR Lighthizer denies he said China tariffs on hold
U.S. Trade Representative Robert Lighthizer did not tell business executives that another round of tariffs on Chinese imports is on hold, a USTR spokesperson said on Thursday, denying a report in the Financial Times.
Troubled Greek jeweler Folli Follie seeks protection from creditors
Troubled Greek jewelry maker Folli Follie has asked for protection from creditors in order to finalize a restructuring plan, it said in a statement on Thursday.
