Wells Fargo profit misses estimates on lower loans, higher expenses
Wells Fargo & Co on Friday reported a bigger-than-expected drop in quarterly profit, as lending activity slowed and it recorded higher expenses.
Air France-KLM chairman blames Accor over CEO search delay
Anne-Marie Couderc, the interim chairman of Air France KLM , has blamed AccorHotels for complicating and delaying the airline’s search for a new chief executive, according to an internal memo seen by Reuters.
Thyssenkrupp names finance chief Kerkhoff as interim CEO
Chief Financial Officer Guido Kerkhoff was named interim CEO of Thyssenkrupp on Friday and won the backing of the German industrial group’s biggest shareholder, as the search began for a permanent replacement for Heinrich Hiesinger.
Bosch must hand over e-mails in VW emissions suit: court
Supplier Robert Bosch [ROBG.UL] must hand over e-mails in connection with lawsuits brought by investors against Porsche SE in connection with the Volkswagen (VW) diesel scandal, a Stuttgart regional court ruled on Friday.
Euro, yuan dip as U.S.-China trade fears boost dollar
The euro fell to a nine-day low on Friday and the Chinese yuan slid again after data showing a record Chinese trade surplus stirred worries about the U.S.-China trade row, encouraging investors to buy into the safety of the dollar.
Oil falls for second week as supply concerns ease
Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.
JPMorgan profit beats on better-than-expected trading, loan growth
JPMorgan Chase & Co’s quarterly profit topped Wall Street’s expectations on Friday, as trading revenue came in much higher than expected and demand for loans increased on the back of a strengthening U.S. economy.
British regulator sets 14 pound floor under Sky shares
Britain’s takeover regulator has decided that Disney must offer 14 pounds a share for Sky if it succeeds in buying Rupert Murdoch’s Twenty-First Century Fox , in a key ruling in the takeover battle for the broadcaster.
Stock futures flat as JP Morgan kicks off earnings season
U.S. stock index futures were little changed on Friday as robust results from JP Morgan aided sentiment at a time of continuing fear over the trade conflict between the United States and China.
Trump praises strong relationship with UK’s May after damning her Brexit plan
President Donald Trump said on Friday he had a very strong relationship with British Prime Minister Theresa May, having earlier scorned her Brexit strategy which he said had probably killed off hope for a future U.S.-British trade deal.
