UBS says taken swift action over ongoing forex probe
ZURICH (Reuters) – UBS said it has taken “swift action” to review how it trades foreign exchange as part of a global probe into alleged rate rigging in the $5.3 trillion-a-day foreign exchange market.
Qatar Airways says A350 delivery on schedule; plans order in Dubai
DOHA (Reuters) – Qatar Airways, the launch customer for Airbus’s A350 plane, expects the European planemaker to start delivering the aircraft by the second half of next year, the airline’s chief executive said on Tuesday.
Exclusive: China central bank seeks to reassure money markets after rate spike
BEIJING (Reuters) – China’s central bank sought to reassure money market traders that a spike in short-term interest rates does not signal a dramatic tightening of liquidity, sources said, in an apparent move to avoid a repeat of a credit panic that ro…
Deutsche Bank extends CEO contract of Juergen Fitschen to 2017
FRANKFURT (Reuters) – Deutsche Bank said it had extended Juergen Fitschen’s contract by two years, maintaining the co-Chief Executive leadership model at least until 2017.
UK’s Lloyds Q3 profit up, but takes another PPI hit
LONDON (Reuters) – Lloyds Banking Group’s underlying profit almost doubled in the latest quarter thanks to an improved interest margin and lower costs, although the bank took another big bill to compensate customers for mis-sold insurance products.
BP ups asset sales, dividend as big oil Q3 kicks off
LONDON (Reuters) – BP Plc kicked off the quarterly results season for top global oil firms with some good news for the sector’s beleaguered investors – a forecast beating result, a dividend hike, and a promise to sell more assets and return the proceed…
U.S. small businesses boosted borrowing in September
(Reuters) – U.S. small business borrowing rose last month from a year earlier, an index that tracks lending showed on Tuesday, signaling moderate growth ahead for the economy as a whole.
In Myanmar, Hyundai Motor basks in “Korean Wave”: dealer says
SEOUL (Reuters) – Hyundai Motor aims to raise its market share in Myanmar to over 15 percent in the next three or four years, basking in the huge popularity of South Korean culture, the sole dealer for the automaker in the country said on Tuesday.
BOJ policy working, still has room to boost stimulus: IMF
TOKYO (Reuters) – The Bank of Japan’s massive stimulus is working, the International Monetary Fund’s mission chief to Japan said, and there is still room to increase purchases of government bonds and exchange-traded funds if a further boost was needed….
Deutsche Bank profit slammed by legal charges
FRANKFURT (Reuters) – Deutsche Bank posted a 98 percent drop in quarterly pre-tax profit to 18 million euros ($24.81 million), below the lowest expectations, weighed by a fall in trading income and a 1.2 billion euros increase in litigation provisions….
