Stock futures edge higher after Morgan Stanley results
(Reuters) – Bullish global economic signals and gains for Morgan Stanley drove a rise in U.S. stock futures on Thursday, a day after the Dow extended a new year rally to close above 26,000 for the first time.
Morgan Stanley quarterly profit tanks; adjusted profit beats view
(Reuters) – Morgan Stanley’s quarterly profit dropped almost 60 percent on a provision related to the new U.S. tax law, but adjusted profit beat analyst expectations as strength in wealth management helped offset a drop in trading revenue.
Emirates hands A380 superjumbo lifeline with $16 billion order
NANTES, France (Reuters) – Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16 billion at list prices, saving the world’s biggest passenger jet from death row and securing its future for at least another decade…
Lexus, Infiniti luxury car brands test ways to fight Tesla, German rivals
DETROIT (Reuters) – Japanese luxury auto brands Lexus and Infiniti are using the Detroit auto show to test new ways to regain momentum against Germany’s prestige automakers and Silicon Valley’s Tesla Inc .
BMW aims to outsell Mercedes by 2020: CEO tells Manager Magazin
FRANKFURT (Reuters) – BMW aims to overtake rival Mercedes-Benz in terms of annual deliveries within two years, Chief Executive Harald Krueger told German monthly Manager Magazin.
Strong China data cranks up pressure on bond markets
LONDON (Reuters) – Strong Chinese data on Thursday kept world stocks hovering near record highs, as bond markets pushed U.S. Treasury yields – the benchmark for global borrowing costs – to a 10-month high.
Asia stocks touch record highs after Wall St. surge, dollar edges back
TOKYO (Reuters) – Asian stocks struck record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as comments by European Central Bank officials tempered the euro’s rece…
Old hands in South Korea Bitcoin market unfazed by threats of ban
SEOUL/HONG KONG (Reuters) – Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.
Peugeot CEO outlines ambitious plan to re-enter U.S., go electric
DETROIT (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors Co to develop vehicles to re-enter the U.S. market, and said Peugeot will…
Asia stocks reach record highs after Wall St surge, dollar edges back
TOKYO (Reuters) – Asian stocks struck record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as comments by European Central Bank officials tempered the euro’s rece…
