Chesapeake quarterly profit tops Street estimate
(Reuters) – Chesapeake Energy Corp reported a better-than-expected quarterly profit on Thursday as it produced more crude oil than Wall Street targeted.
ECB holds interest rates as economy stabilizes
FRANKFURT (Reuters) – The European Central Bank left its main interest rate unchanged at a record low of 0.50 percent on Thursday, as recent economic data has kindled hopes of a recovery taking hold this quarter.
Bank of England keeps powder dry before guidance announcement
LONDON (Reuters) – The Bank of England made no changes at its second policy meeting under its new governor, Mark Carney, which ended on Thursday, keeping interest rates at 0.5 percent and leaving its bond-buying program on ice.
RBS to name its retail bank boss McEwan as new CEO: source
LONDON (Reuters) – Royal Bank of Scotland (RBS) will name Ross McEwan as its chief executive, a year after he arrived to run its retail bank, once it gets the go-ahead from regulators at the Bank of England (BoE), a person familiar with the matter said…
Activity picks up at big China factories, smaller firms struggle
BEIJING (Reuters) – China’s factory activity was slightly stronger than expected in July, a government survey showed on Thursday, but analysts cautioned against rushing to a conclusion that the world’s second-largest economy had arrested its slowdown.
Ex-UBS rogue trader Adoboli tries again for appeal
LONDON (Reuters) – Former UBS trader Kweku Adoboli has re-submitted his appeal against his fraud conviction after a first attempt was rejected, court officials said.
Cigna profit exceeds expectations; low costs help
(Reuters) – Cigna Corp on Thursday reported a second-quarter profit that beat analysts’ expectations as medical costs were low and revenue increased from health insurance, supplemental benefit plans like dental and vision, and disability and life insur…
Central bank support, growth signs lift shares, oil
LONDON (Reuters) – World shares and oil rose on Thursday as signs of modest growth in the global economy raised the likelihood that major central banks will stick with policies aimed at supporting the recovery.
Lloyds ready for government sale as turnaround speeds up
LONDON (Reuters) – Lloyds accelerated its turnaround campaign and flagged a revival of payouts to shareholders on Thursday, paving the way for the government to start selling its stake in Britain’s largest retail bank soon.
Japan’s Sony first-quarter operating profit beats forecasts
TOKYO (Reuters) – Sony Corp reported a higher than expected first-quarter operating profit on Thursday, boosted by strong sales of its flagship Xperia smartphones in Japan and rising shipments of image sensors to phone makers.
