Toyota cuts full-year operating profit forecast on stronger yen
TOKYO (Reuters) – Toyota Motor Corp cut its full-year forecast for operating profit, expecting it to fall 44 percent from a year ago as the Japanese automaker expects to take a bigger hit from a stronger yen.
British PM May promises to help small businesses navigate Brexit
LONDON (Reuters) – British Prime Minister Theresa May will tell small business owners on Thursday that she wants to help them take advantage of the opportunities provided by Britain’s vote to leave the European Union.
As U.S. crude wobbles near $40, new oil rally in doubt
(Reuters) – U.S. crude’s slide below $40 a barrel this week has hardened the resolve of oil market bears to drive prices lower, with oversupply, refining cutbacks and a breakdown in the oil/dollar trade spelling an end to this year’s rally.
Bitfinex disables trading on exchange after hack
NEW YORK (Reuters) – Hong Kong-based digital currency exchange Bitfinex said late on Wednesday that after a security breach on its website it will temporarily disable trading, deposits and withdrawals.
SunEdison plans to stop interest payments on yieldcos’ notes
(Reuters) – Bankrupt solar company SunEdison plans to stop making interest payments on behalf of its two yieldcos, TerraForm Global Inc and TerraForm Power LLC , due to its Chapter 11 proceedings, the two companies said.
Tesla posts another loss, but says on track for future deliveries
(Editor’s note: This story may contain language in paragraph 9 that may offend some readers)
Italian prosecutor proposes Morgan Stanley pay $3.2 billion over derivatives
(Reuters) – An Italian prosecutor has proposed that Morgan Stanley pay 2.9 billion euros ($3.2 billion) to settle derivative transactions, the bank said on Wednesday in a securities filing.
MetLife profit falls short of estimates on weaker underwriting
(Reuters) – MetLife Inc , the largest U.S. life insurer, reported a quarterly profit that widely missed analysts’ estimates, largely due to weaker underwriting and tax-related adjustment in two of its largest markets.
Fed’s Kashkari says low inflation affords ‘luxury’ of low rates
MINNEAPOLIS (Reuters) – Low inflation allows the Federal Reserve to keep U.S. interest rates lower for longer in order to boost the economy and jobs, a top Federal Reserve official said on Wednesday.
Icahn to close Trump Taj Mahal casino in Atlantic City
(Reuters) – Atlantic City’s Trump Taj Mahal casino, owned by Carl Icahn, will close at the end of the summer, the billionaire investor’s company said on Wednesday.
