Goldman creates ‘brain trust’ in effort to boost deals business
(Reuters) – Goldman Sachs Group Inc is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots as trading revenue slows.
Major U.S. rail customers to air complaints over CSX at hearing
(Reuters) – Cargill Inc, Dow Chemical Co and other major corporate rail customers are expected to speak on Wednesday before the top U.S. rail regulator about their experiences with CSX Corp’s network, which has been dogged by service problems since the…
Asset manager BlackRock’s third-quarter profit rises
(Reuters) – BlackRock Inc , the world’s biggest asset manager, on Wednesday reported a 8.2 percent rise in quarterly profit, helped by investment advisory, administration fees and securities lending revenue.
Oil rises on signs of tighter market, but 2018 looks more uncertain
LONDON (Reuters) – Oil prices rose for a third day on Wednesday on signs that markets are gradually tightening after years of oversupply, though the outlook for 2018 remained less certain.
Swedish court rules Bombardier employee not guilty of bribery
STOCKHOLM (Reuters) – An employee at Canadian aircraft and train maker Bombardier was innocent of bribery, a Swedish court ruled on Wednesday.
Kobe Steel crisis deepens on new revelations of data fabrications, shares dive
TOKYO (Reuters) – Japan’s Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.
Spain-Catalonia relief edges world stocks to fresh high
LONDON (Reuters) – Spanish stocks and bonds rallied and the euro hit a two-week high on Wednesday as European markets took relief from Catalonia stopping short of declaring immediate independence from Madrid.
VW’s Skoda committed to Czech Republic, plans to add jobs
PRAGUE (Reuters) – Volkswagen’s Czech carmaker Skoda Auto underscored its commitment to its home country on Wednesday, saying it was planning to add jobs there amid worries the business could lose some production to Germany.
Exclusive: Despite sanctions, Russian organizations acquire Microsoft software
By Gleb Stolyarov, Anastasia Teterevleva and Anastasia Lyrchikova
Emirates says open to cooperation with rival UAE airline Etihad
SINGAPORE (Reuters) – Dubai-based airline Emirates is open to cooperation with rival Etihad Airways on areas including procurement, its president Tim Clark said, adding a full merger between the pair was unlikely but up to the owners.
