Without a plan, junk status looms for Britain’s Tesco: Moody’s
LONDON (Reuters) – Tesco could see its debt downgraded to “junk” status unless it outlines plans to cut borrowing and improve trading, rating agency Moody’s said, raising the prospect of higher financing costs for Britain’s biggest grocer.
U.S. consumer sentiment at highest since July 2007
NEW YORK (Reuters) – U.S. consumer sentiment rose in October to its highest level since in more than seven years on growing optimism about the economy and more favorable personal financial expectations, a survey released on Friday showed.
Chevron profit jumps as refining offsets production dip
(Reuters) – Chevron Corp posted a higher-than-expected quarterly profit on Friday as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production.
Exxon third-quarter profit rises 3 percent on refining
(Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil company, on Friday reported a better-than-expected 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses.
U.S. third-quarter wage gains largest since 2008
WASHINGTON, Oct 31 (Reuters) – – U.S. labor costs rose more than expected in the third quarter as wages recorded their largest gain since 2008, a sign that a long-awaited pick-up in wage growth was underway.
Euro zone inflation edges up to dim chance of new ECB action
BRUSSELS (Reuters) – Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at its meeting next week.
Trial of former UBS executive dredges up Swiss banks’ shady past
By Francisco Alvarado, Zachary Fagenson and Joshua Franklin
Italy says private capital will meet Monte Paschi, Carige needs
ROME (Reuters) – Banca Monte dei Paschi di Siena and Carige will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday.
Futures rally after BOJ ramps up stimulus
NEW YORK (Reuters) – U.S. stock index futures rallied on Friday after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives.
Continental AG CEO says Audi recall no threat to guidance
MUNICH (Reuters) – Continental said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.
