ArcelorMittal sells assets to Liberty House to facilitate Ilva deal
ArcelorMittal, the world’s largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva.
Wells Fargo profit rises, cost cuts paying off
Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank made headway in its cost-cutting plan and worked to put past misdeeds behind it.
Wall Street gains at open as banks rise
U.S. stocks opened higher on Friday, as bumper results from the country’s largest banks, including JPMorgan , set an upbeat tone for the earnings season.
Citigroup profit beats on higher bond trading, lower costs
Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexico.
U.S.-China trade talks must cover currency, U.S. Treasury chief says
U.S. Treasury Secretary Steven Mnuchin said on Friday that he told China’s central bank chief that currency issues need to be part of any further U.S.-China trade talks and expressed his concerns about the yuan’s recent weakness.
GE pushes third-quarter earnings to October 30
General Electric Co said on Friday it has pushed back its third-quarter earnings release date to Oct. 30 to allow new Chief Executive Officer Larry Culp complete business reviews and site visits.
Crunch time for Italy, Brexit as leaders convene in Brussels
Brussels, the political heart of Europe, could prove the center of global market focus next week as Italy’s budget and Brexit talks overshadow economic data and central banks.
Take Five: World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
German justice minister committed to tougher sanctions on companies
The German government is committed to introducing tougher sanctions against companies that foster criminal behavior in the wake of Volkswagen’s diesel emissions scandal, the country’s justice minister said.
JPMorgan’s consumer banking strength offsets bond trading weakness
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and growth in loans helped the bank offset weakness in bond trading revenue.
