Accorhotels beefs up luxury rental ‘onefinestay’ brand to fight Airbnb
PARIS (Reuters) – AccorHotels will re-group three of its luxury home-rental divisions under its ‘onefinestay’ brand, as the French hotelier steps up efforts to counter the challenge of Airbnb and other online booking services.
Exclusive: Banks dealing EU sovereign debt may be dragged out of London
LONDON (Reuters) – Banks at the heart of EU government borrowing could be forced to move some operations out of London if they want to hold on to that business after Brexit, according to three senior bankers with knowledge of the matter.
Life after debt? Macquarie’s junk lending unit sputters
SYDNEY (Reuters) – Macquarie Group, Australia’s leading investment bank, has a hole to fill.
Hyundai Motor profit slumps, warns China, U.S. sales malaise to persist
SEOUL (Reuters) – Hyundai Motor posted its smallest quarterly net profit in five years, falling dismally short of estimates, and warned the second half of 2017 would be challenging as political headwinds hit sales in China and slow U.S. demand continue…
Fed holds rates steady, expects portfolio cuts ‘relatively soon’
WASHINGTON (Reuters) – The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds “relatively soon” in a sign of confidence in the U.S. economy.
Twitter no longer at ‘death’s door’ as earnings report approaches
SAN FRANCISCO (Reuters) – Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent since April when much of Wall Street was ready to write off the tech company.
USTR Lighthizer: Trump challenging China’s industrial policies – radio interview
WASHINGTON (Reuters) – The top U.S. trade negotiator said late on Tuesday that President Donald Trump is determined to challenge China’s use of unfair subsidies and “non-economic” industrial policy to build up export industries that are costing America…
Australian watchdog takes Ford local unit to court over transmission complaints
(Reuters) – Australia’s consumer watchdog said on Wednesday it has started court proceedings against Ford Motor Co’s local unit, accusing the company of engaging in misleading or deceptive conduct when responding to customer complaints.
Oil bounce, results keep stocks on high
LONDON (Reuters) – Oil’s rise back above $50 a barrel helped prod stock markets higher on Wednesday and company results and economic data continued to soothe worries that the world economy may be ripe for a another slowdown.
Apple ordered to pay $506 million to university in patent dispute
(Reuters) – A U.S. judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison’s patent licensing arm, more than doubling the damages initially imposed on Apple by a jury.
