July 18, 2018

Exclusive: Investment firms fight to inject cash in Brazil carrier Oi

Three distressed asset funds have sued for the right to participate in a 4 billion reais ($1 billion) capital increase for Brazilian telecom Oi SA as […]
July 18, 2018

Trump says U.S. may pursue separate trade deal with Mexico

President Donald Trump said on Wednesday the United States may hammer out a trade deal with Mexico, and then do a separate one with Canada later, […]
July 18, 2018

Two become one? Planemakers work on tech to cut pilot numbers

Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single […]
July 18, 2018

Morgan Stanley boss Gorman hits out at Fed stress tests

Morgan Stanley’s top executive criticized the Federal Reserve’s annual health checks of the biggest U.S. lenders and predicted changes to the tests going forward after his […]
July 18, 2018

Morgan Stanley CEO declares broker recruiting wars over

A subtle peace has emerged in Wall Street’s long-running broker recruiting wars, Morgan Stanley Chief Executive Officer James Gorman said on Wednesday. Powered by WPeMatico
July 18, 2018

Fed’s Powell quizzed again on trade risks by U.S. House

Federal Reserve Chairman Jerome Powell, questioned by members of a House congressional committee, repeated on Wednesday that rising world protectionism would over time pose a risk […]
July 18, 2018

Financial, industrial stocks lift S&P 500 above five-month high

The benchmark S&P 500 breached five-month high on Wednesday, boosted by gains in financial and industrial stocks as marquee companies posted strong results and bolstered expectations […]
July 18, 2018

Amazon.com’s stock market value hits $900 billion, threatens Apple

Amazon.com’s stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company […]
July 18, 2018

Novartis hints at 2018 outlook hike despite drug price freeze

Novartis may ratchet up its 2018 sales outlook, its finance chief said on Wednesday, despite halting planned U.S. drug price hikes amid pressure on the industry […]
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