FINANCIAL NEWS

Romney mentor, Bain & Co. founder, William Bain Jr. dies

AP Business - Thu, 01/18/2018 - 14:12
BOSTON (AP) -- The founder of global consulting and private equity businesses who helped drive the career of former Republican presidential nominee Mitt Romney has died. William Bain Jr. was 80....
Categories: FINANCIAL NEWS

B of A to reward shareholders; Wells’ chief risk officer to retire

AMERICAN BANKER - Thu, 01/18/2018 - 14:06
Bank says most of the benefits from tax reform will be used for dividends and buybacks; Michael Loughlin will stay on until his replacement is named later this year.
Categories: FINANCIAL NEWS

Morgan Stanley's profits fall 59 percent due to tax bill

AP Business - Thu, 01/18/2018 - 13:44
NEW YORK (AP) -- Morgan Stanley's earnings fell 59 percent in the fourth quarter as the investment had to book $990 million in charges related to the new tax law....
Categories: FINANCIAL NEWS

Five market surprises that could occur in 2018

FINANCIAL TIMES - Thu, 01/18/2018 - 13:34
Treasuries, the dollar, Nafta and the economies of the US and China all face some uncertainty
Categories: FINANCIAL NEWS

Zimbabwe’s new leader seeks to build bridges with the west

FINANCIAL TIMES - Thu, 01/18/2018 - 13:28
Mnangagwa stresses need to break with Mugabe era and says nation is now open for investment
Categories: FINANCIAL NEWS

Italian prosecutors break up Chinese transport mafia

AP Business - Thu, 01/18/2018 - 13:23
MILAN (AP) -- Anti-mafia prosecutors in Italy say they have broken up a Chinese organized crime ring that used money from criminal activities to force their way into the transport sector, not only in Italy but elsewhere in Europe....
Categories: FINANCIAL NEWS

Taxi loans weigh on Signature's 4Q profits

AMERICAN BANKER - Thu, 01/18/2018 - 13:05
A large writedown on its portfolio of taxi medallion loans marred an otherwise strong fourth quarter for Signature Bank in New York.
Categories: FINANCIAL NEWS

EU urged to publish commitments from suspected tax havens

AP Business - Thu, 01/18/2018 - 12:55
BRUSSELS (AP) -- The European Union's top tax official is urging member states to make public any commitments given by non-EU countries wanting to get off the bloc's blacklist of suspected tax havens....
Categories: FINANCIAL NEWS

Souring US-Palestinian ties put Abbas under pressure

FINANCIAL TIMES - Thu, 01/18/2018 - 12:25
Veteran leader to meet European ministers in Brussels during Pence’s Middle East visit
Categories: FINANCIAL NEWS

Airbus Wins A380 Superjumbo Lifeline From Emirates

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 12:16
Emirates announced a $16 billion deal for up to 36 more Airbus A380 superjumbos, extending a lifeline to the European planemaker’s struggling flagship program that was at risk of production ending without the deal.
Categories: FINANCIAL NEWS

IBM's Fourth-Quarter Earnings: What to Watch

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 12:10
International Business Machines is scheduled to announce fourth-quarter earnings after the market closes Thursday.
Categories: FINANCIAL NEWS

Bloomberg Plans To Discontinue Financial Commentary Brand Gadfly

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 12:06
The move is part of the company’s effort to consolidate its news service’s opinion offerings.
Categories: FINANCIAL NEWS

Iraq, BP sign initial deal to develop Kirkuk oil fields

AP Business - Thu, 01/18/2018 - 11:58
BAGHDAD (AP) -- Iraq and British energy giant BP have signed a memorandum of understanding to develop lucrative oil fields in the country's north....
Categories: FINANCIAL NEWS

Emirates signs $16bn deal for 36 A380 jets

FINANCIAL TIMES - Thu, 01/18/2018 - 11:48
Guarantees production of the A380 super-jumbo jet for at least another decade
Categories: FINANCIAL NEWS

Exports, consumers drive China's 6.9 percent growth in 2017

AP Business - Thu, 01/18/2018 - 11:44
HONG KONG (AP) -- China's economy gained steam in 2017, expanding at a 6.9 percent pace in 2017 in its first annual increase in seven years, according to data released Thursday that exceeded economists' forecasts and the government's target....
Categories: FINANCIAL NEWS

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