Italy’s Monte Paschi discussing capital options with government
ROME (Reuters) – Italy’s Treasury has not ruled out extending repayment deadlines on hundreds of millions of euros in state aid to help troubled lender Banca Monte dei Paschi di Siena as it struggles to raise fresh capital, a person close to the matter…
DuPont profit beats as cost cuts boost margins
(Reuters) – DuPont’s third-quarter profit scraped past the average analyst estimate as the company’s cost-cutting efforts helped to boost operating margins in five of its seven businesses.
Japan’s SoftBank kicks off $10 billion India online spree, buys stake in Snapdeal
MUMBAI (Reuters) – Japanese telecom and media group SoftBank Corp has set its sights on Indian e-commerce in its aggressive expansion drive, saying it will invest about $10 billion in the booming sector as it took a strategic stake in one of its rising…
BP posts slump in Russian income but raises dividend
LONDON (Reuters) – BP’s third-quarter results took a hit from declining oil prices and a sharp drop in income from Russia as Western sanctions on Moscow led to a slump in earnings from the oil major’s local partner, Kremlin-controlled Rosneft .
Shares push higher, bonds steady ahead of Fed
LONDON (Reuters) – World stocks inched up and U.S. bond yields steadied after almost three weeks of gains on Tuesday with Federal Reserve policy setters expected to end six years of aggressive monetary stimulus.
Dutch arm of Air France-KLM to shed 7,500 jobs: report
AMSTERDAM (Reuters) – The Dutch arm of Air France-KLM plans to cut its workforce by 7,500 jobs, or 25 percent, largely through outsourcing, a Dutch daily newspaper reported on Tuesday.
Lloyds dealt new blow with $1.5 billion mis-selling charge
LONDON (Reuters) – Britain’s Lloyds Banking Group has taken another 900 million pound ($1.5 billion) charge to compensate customers mis-sold loan insurance, delivering a further blow to the bank which only narrowly passed a European health check.
Alibaba’s Ma says open to working with Apple on payments
LAGUNA BEACH Calif. (Reuters) – Alibaba Group Holdings Ltd executive chairman Jack Ma said he’s open to working with Apple Inc on mobile payments, as China’s richest person prepares to call on Hollywood this week in search of media partners.
Honda cuts sales guidance as recalls bite, roll-outs delayed
TOKYO (Reuters) – Honda Motor Co Ltd cut its sales forecasts for this year citing competition in Japan and China as well as the impact of recalls on new model launches, but said a weak yen will help it stick to its operating profit estimate at 770 bill…
GM to build more Chevy Volt parts in Michigan
DETROIT (Reuters) – General Motors Co will shift production of the transmission on the 2016 Chevrolet Volt from Mexico to Michigan, the automaker said.
