U.S. mortgage application activity falls to five-month low
NEW YORK (Reuters) – A measure of U.S. mortgage application activity decreased for a second week to a five-month low as 30-year mortgage rates rose to their highest since June, data from the Mortgage Bankers Association released on Wednesday showed.
U.S. private sector adds 147,000 jobs in October: ADP
NEW YORK (Reuters) – U.S. private employers added 147,000 jobs in October, below economists’ expectations, a report by a payrolls processor showed on Wednesday.
Alibaba beats revenue expectations with strong e-commerce, media growth
BEIJING (Reuters) – Chinese online shopping giant Alibaba Group Holding Ltd reported a 55 percent rise in second-quarter revenue on Wednesday, beating analyst estimates on the back of core e-commerce sales and strong media and entertainment growth.
China, Russia take step closer to new long-haul jet
ZHUHAI, China (Reuters) – China and Russia took a step closer on Wednesday to the joint development of a long-haul jet to challenge Boeing and Airbus , displaying a model of the unnamed plane that would compete with Western rivals.
U.S. presidential election offers little cause for alarm: JPMorgan AM’s Michele
TOKYO (Reuters) – The U.S. presidential election is unlikely to be a major risk for financial markets as Congress is likely to put a brake on many policies, whoever wins, the fixed income chief investment officer of JPMorgan Asset Management said on We…
‘Suicide Squad’ powers Time Warner’s profit, revenue beat
(Reuters) – Time Warner Inc , the media company being bought by AT&T Inc , reported a better-than-expected quarterly profit and revenue on Wednesday, helped by the box office success of superhero movie “Suicide Squad”.
Exclusive: Oil majors join forces in climate push with renewable energy fund
LONDON (Reuters) – Top oil companies including Saudi Aramco and Shell are joining forces to create an investment fund to develop technologies to promote renewable energy, as they seek an active role in the fight against global warming, sources said.
Airbus expects to sell around 670 jets in 2016
HONG KONG (Reuters) – Airbus expects to sell around 670 aircraft this year, matching its planned deliveries, Mark Pearman-Wright, head of leasing and investor marketing, told the Airline Economics conference in Hong Kong on Wednesday.
Euro zone should reform to maintain ECB-driven upswing: German experts
BERLIN (Reuters) – Euro zone states should implement structural reforms to sustain the economic upswing driven by the European Central Bank’s expansionary policy which should be curtailed as it threatens financial stability, German economic experts sai…
Volvo, Geely to deepen ties, share small car plant
SHANGHAI (Reuters) – Swedish car maker Volvo announced on Wednesday moves deepening cooperation with its Chinese parent Zhejiang Geely Holding Group Co – a tie-up that’s shaping up to show that China can make a success of buying consumer brands.
