HK’s BOC Aviation to buy 10 Boeing aircraft for $1.25 billion
HONG KONG (Reuters) – BOC Aviation Ltd said on Thursday it would buy 10 new aircraft from Boeing Co for an aggregate list price of $1.25 billion, as it looks to strengthen its future revenue stream by investing in modern, efficient and in-demand aircra…
Australia’s Commonwealth Bank accused of massive money-laundering breaches
SYDNEY (Reuters) – The Australian government on Thursday accused the country’s biggest mortgage lender, Commonwealth Bank of Australia, of widespread breaches of money-laundering and counter-terrorism financing rules.
Amazon picks its first Australian warehouse, a step towards launching
SYDNEY (Reuters) – U.S. retail giant Amazon.com unveiled the site of its first Australian warehouse on Thursday and named a German executive as country manager, signaling it is prepared for industrial strife in the world’s 12th-biggest economy.
European shares rally, sterling hits 11-month peak as BoE decision looms
LONDON (Reuters) – Upbeat economic news helped push European stock markets higher on Thursday, while stronger-than-expected data in Britain drove sterling to an 11-month high ahead of a Bank of England monetary policy decision.
Square beats expectations on higher transactions
(Reuters) – Payments company Square Inc , reported a better-than-expected 26 percent jump in quarterly revenue on Wednesday, as larger businesses used its technology to process transactions and it expanded the range of financial products it offers.
U.S. court puts MetLife ‘too big to fail’ case on indefinite pause
WASHINGTON (Reuters) – Any legal decision on whether the largest U.S. life insurer MetLife Inc should be labeled “too big to fail” will probably come after the Trump administration defines its stance on the designation.
Pay TV channel Starz criticizes AT&T plan to buy Time Warner
WASHINGTON (Reuters) – The premium movie channel Starz criticized AT&T’s plan to buy Time Warner Inc on Wednesday, saying the megadeal would give AT&T the clout to steer customers away from Starz and toward its own premium channels.
Model 3 demand, higher revenue propel Tesla shares higher
SAN FRANCISCO (Reuters) – Tesla Inc reported quarterly revenue that doubled on Wednesday and a loss that was the electric car maker’s largest ever, but its shares rose after revealing more than 1,800 daily reservations for the Model 3 and predicting in…
MetLife profit rises on smaller derivative losses
(Reuters) – MetLife Inc’s quarterly profit surged compared with a year earlier, when the largest U.S. life insurer booked $1.4 billion in net derivative losses.
Dow pole vaults 22,000, but beware the landing
NEW YORK (Reuters) – The blue-chip Dow Jones Industrial Average closed over the 22,000 mark for the first time on Wednesday, but investor fears about the sustainability of the gains took the shine off the round number milestone.
