Dollar recovers as Fed worries about low inflation
LONDON (Reuters) – The dollar recovered on Thursday, having hit its lowest in more than two weeks as U.S. central bankers showed they were taking a more guarded view of inflation, helped by a steep fall in the British pound.
Citigroup profit rises on asset sale gain, lower costs
(Reuters) – Citigroup Inc reported a higher quarterly profit as it kept costs lower, recorded a large gain from an asset sale and had a smaller-than-expected decline in trading revenue.
Sports car maker Aston Martin counts on an SUV to drive its future
DETROIT (Reuters) – The arrival of Aston Martin’s DBX sport utility vehicle in 2019 could help more than double sales of the British sports car maker by early next decade, its chief executive told Reuters.
Airbus board backs CEO after reviewing top management
PARIS (Reuters) – Airbus directors publicly backed Chief Executive Tom Enders on Thursday in the face of European investigations into the use of middlemen in airplane sales and a $2 billion fighter deal.
Bond trading slump clouds JPMorgan earnings beat
(Reuters) – JPMorgan Chase & Co’s quarterly profit and revenue easily trumped Wall Street’s expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest rates.
HSBC picks insider John Flint as new chief executive
LONDON (Reuters) – HSBC has chosen John Flint as its next chief executive, it said on Thursday, with its recently-hired chairman opting for an insider to pursue a turnaround at Europe’s biggest bank.
JPMorgan’s profit rises, bond trading slumps
(Reuters) – JPMorgan Chase & Co , the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue.
London regulator will defend decision not to renew Uber’s license in court: mayor
LONDON (Reuters) – London Mayor Sadiq Khan said on Thursday that the city’s transport regulator will defend its decision in court not to renew Uber’s license to operate in the British capital.
BlackBerry signs license deal with Florida’s BLU, ends patent dispute
(Reuters) – BlackBerry Ltd said on Thursday it signed a new license agreement with BLU Products Inc, a Florida-based maker of low-end Android phones, that would end patent disputes between the two companies.
HSBC names retail head John Flint as its next chief executive
LONDON (Reuters) – HSBC has appointed John Flint as its next chief executive the bank said on Thursday, sticking with a tradition of promoting company insiders to run the firm.
