By Jonathan Stempel NEW YORK (Reuters) -Jamie Dimon, the chief executive of JPMorgan Chase, will not have to sit for a second deposition in the U.S. Virgin Islands’ lawsuit over the bank’s work for Jeffrey Epstein, the late financier and sex offender. U.S. District Judge Jed Rakoff in Manhattan on Friday denied “in its entirety”…
By Tim Hepher PARIS (Reuters) – Airbus has signed orders this month including 60 A320-family jets with a lessor and 10 A350s with a major airline, said the planemaker’s Chief Commercial Officer Christian Scherer. The deals come on top of any business to be announced at next week’s Paris Airshow and will be booked at…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Fear of missing out on the recent stock market rally is driving traders in the U.S. equity options market to lap up bullish derivative contracts at a hectic pace, further fueling gains for stocks, analysts said on Friday. The S&P 500 Index has risen nearly 8% over…
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Intel plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity, it said on Friday. The U.S. chipmaker last year announced plans to build…
By Pablo Mayo Cerqueiro and Emma-Victoria Farr (Reuters) – German bus services firm Flix, owner of the Greyhound brand in North America and FlixBus in Europe, has stepped up preparations for a possible stock-market listing, two sources familiar with the matter told Reuters. Flix has invited investment banks to pitch to manage its share sale…
By Manya Saini and Saeed Azhar (Reuters) -Customers Bancorp said on Friday it acquired a $631 million venture banking loan portfolio from U.S. regulator Federal Deposit Insurance Corporation (FDIC) at about 85% of the book value. The portfolio belonged to failed lender Signature Bank, which was put under FDIC receivership in March, a source familiar…
By Sabine Siebold BRUSSELS (Reuters) – Rheinmetall will ramp up production of propellant powder for ammunition at its plant in the Bavarian town of Aschau by 500 to 600 metric tons per year, adding some 10% to its current global capacity of more than 6,000 tons, its CEO Armin Papperger said. Rheinmetall has already kicked…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares closed at a three-week high on Friday, underpinned by luxury and defensive stocks at the end of a week that was dominated by major central bank policy decisions. The continent-wide European STOXX 600 index rose 0.5%. The index gained 1.5% in the policy-packed week, its…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumers’ near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, according to a survey on Friday that also showed sentiment perking up. The University of Michigan’s survey followed data this week showing annual consumer and producer…
By Howard Schneider (Reuters) -Inflation in key parts of the U.S. service industry “remains elevated and has not shown signs of easing,” the U.S. Federal Reserve said in its latest monetary policy report to Congress, an overview of where the economy stands issued ahead of Capitol Hill testimony next week by Fed chair Jerome Powell….
