Air Berlin’s administrator takes in bids from Lufthansa, others
BERLIN (Reuters) – Lufthansa and several other parties had put in bids for parts of Air Berlin by the deadline of Friday set by the administrator of the insolvent airline which employs more than 8,000 people.
Accenture sees ‘secular downward’ trend in bank fees
SAO PAULO (Reuters) – Bank’s services fees face “secular downward” pressure in the long run, which will drive lenders back toward credit transactions whose margins are resilient to competition and new technologies, a senior executive at management cons…
Ahead of Brexit, tax perks tempt Italian bankers back to la dolce vita
LONDON/MILAN (Reuters) – Italian financiers who handle some of their country’s biggest deals out of London are moving to Milan, lured by bumper tax breaks at a time of deep uncertainty about Brexit, sources familiar with the plans said.
Airbus faces large fine in corruption probe: report
PARIS/LONDON (Reuters) – A newspaper said Airbus could face a “1 billion pound-plus” fine from British and French prosecutors over corruption allegations, but people familiar with the case said it was premature to talk about a settlement in an inquiry …
Hurricane Harvey slams U.S. retail sales, industrial production
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity, suggesting the storm could dent economic growth in the third quarter.
Dow at record; stocks unmoved by tepid econ data
(Reuters) – The Dow inched up to hit a record high at the open on Friday, with the S&P 500 and Nasdaq little changed, as investors shrugged off North Korea’s latest missile test and slightly tepid economic data.
U.S. retail sales post biggest drop in six months
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in August, likely hurt by the impact of Hurricane Harvey on motor vehicle purchases, suggesting a moderation in consumer spending in the third quarter.
Beijing cryptocurrency exchanges told to announce trading halt: source
SHANGHAI (Reuters) – Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks.
Futures dip; economic data blast awaited for rate-hike clues
(Reuters) – U.S. stock index futures were slightly lower on Friday, with investors shrugging off North Korea’s latest missile test and instead awaiting a slew of economic data for indicators on when interest rates will next be raised.
Drug industry on tenterhooks as Maryland price-gouging law nears
(Reuters) – As U.S. consumer outrage grows over prescription drug prices, state authorities and patient advocates in Maryland are preparing to enforce the nation’s first law designed to punish drugmaker price-gouging.
