Loan growth, better spreads fail to impress U.S. bank investors
NEW YORK (Reuters) – U.S. banks are starting to see some long-awaited benefits of higher interest rates, with four of the largest lenders beating analysts’ quarterly profit expectations on Friday by raising loan prices without paying much more for depo…
U.S. lawmaker calls for hearing on Amazon’s Whole Foods deal
WASHINGTON/NEW YORK (Reuters) – The top Democrat on the U.S. House of Representatives’ antitrust subcommittee has voiced concerns about Amazon.com Inc’s $13.7 billion plan to buy Whole Foods Market Inc and is pushing for a hearing to look into the de…
Honda recalls 2.1 million vehicles worldwide over fire risk
WASHINGTON (Reuters) – Honda Motor Co said on Friday it would recall about 2.1 million vehicles worldwide to replace battery sensors due to the risk of fire.
Uber rival Grab raising $2 billion from SoftBank, China’s Didi: WSJ
(Reuters) – Grab, Uber Technologies Inc’s [UBER.UL] biggest rival in Southeast Asia, is raising as much as $2 billion in funding from Japan’s SoftBank Group and China’s top ride-hailing firm Didi Chuxing, the Wall Street Journal reported on Friday.
Weak U.S. inflation, retail sales data dim rate hike prospects
WASHINGTON (Reuters) – U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand that diminished prospects of a third interest rate increase from the Federal Reser…
Barclays talking with regulators about expanding Dublin unit post-Brexit
LONDON (Reuters) – Barclays is talking with Irish regulators about extending its activities in Dublin in preparation for when Britain leaves the European Union, the British bank said in a statement on Friday.
Exclusive: ICE selected to run LBMA silver auction
LONDON (Reuters) – ICE Benchmark Administration, a unit of Intercontinental Exchange, was confirmed on Friday as the new operator of the London Bullion Market Association silver benchmark.
Weakness in mortgage business clouds Wells Fargo’s profit beat
(Reuters) – Wells Fargo & Co posted a better-than-expected quarterly profit, but revenue fell short of expectations as the lender’s mortgage business continued to remain a dark spot.
Mercedes cars to face more emissions tests in Germany
FRANKFURT (Reuters) – Germany has found no signs so far that Mercedes-Benz used illegal software to manipulate diesel emissions but a new round of tests is being conducted, the transport ministry said on Friday.
Citigroup profit beats on smaller drop in trading revenue
(Reuters) – Citigroup Inc reported a quarterly profit that beat analysts’ estimates as trading revenue held up better than the company’s forecast and loans grew.
