U.S. economy performing despite headwinds, leaders must cooperate: Lew
LONDON (Reuters) – The U.S. economy continues to perform steadily in the face of headwinds, though leaders need to work together and use all tools at their disposal to promote growth, U.S. Treasury Secretary Jack Lew said on Wednesday.
Citigroup targets high-growth firms to boost Asia corporate banking business
HONG KONG (Reuters) – Citigroup Inc looks to sharpen its focus on winning a bigger share of business from “emerging market champions” in Asia, including rapidly growing Internet firms, as part of its plans to boost corporate banking revenue.
Brexit, what Brexit? Shares near 2016 highs
LONDON (Reuters) – Stock markets traded within sight of their highest levels this year on Wednesday as the prospect of stimulative economic policy across the developed world eased immediate concern over Britain’s vote to leave the European Union.
Mitsubishi takes aim at Iranian regional jet market
FARNBOROUGH, England (Reuters) – Mitsubishi Aircraft Corp believes Iran will need around 100-150 regional jets over the next ten years and is aiming to win a chunk of the business for its new Mitsubishi Regional Jet (MRJ), it said at the Farnborough Ai…
Airbus sees A400M, and possible A350, charge with H1 results
FARNBOROUGH, England (Reuters) – Airbus is likely to take a fresh charge with its first-half results for the latest problems involving its A400M military transporter, Finance Director Harald Wilhelm said on Wednesday.
Huge stocks overhang threatens oil price recovery: IEA
LONDON (Reuters) – The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non-OPEC production, the International Energy Agency said on Wednesday.
No balance: oil markets still oversupplied, now growth is stuttering
SINGAPORE/LONDON (Reuters) – Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over 70 percent between 2014 and early 2016, might be abruptly dashed.
Big brewers see strong potential for weak beer
BRUSSELS (Reuters) – Anheuser-Busch InBev , which will soon make almost 30 percent of the world’s beer, wants to serve more low and alcohol-free brews to drinkers trying to live a healthier lifestyle.
Investors keep record cash on U.S. election fears: UBS executive
NEW YORK (Reuters) – Wealthy U.S. investors are holding record cash balances out of fear that the U.S. presidential election will wreak havoc on their retirement accounts, a senior UBS Group AG executive said.
Fed’s Mester heartened by U.S. job rebound in June
SYDNEY (Reuters) – The sharp rebound in U.S. job growth last month eased concerns that the country’s labor market had regressed, a top Federal Reserve official said on Wednesday, repeating she continues to expect gradual interest rate rises.
