By Jonathan Stempel and Tatiana Bautzer NEW YORK (Reuters) -Bank of America CEO Brian Moynihan said U.S. authorities need to be careful when implementing new capital requirements of the Basel III accord to avoid reducing the ability of U.S. banks to compete globally. In an interview with Fox Business, Moynihan said the process needs to…
By Gianluca Semeraro MILAN (Reuters) -Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in the new fiscal year, as its Chief Executive Alberto Nagel said he was available for another three-year term. Mediobanca shareholders will be asked to renew the board in late October….
(Reuters) – China Evergrande New Energy Vehicle Group said on Thursday that it had applied to the Hong Kong Stock Exchange to resume trading in the company’s shares on Friday. Trading in the shares of the company, the electric vehicle unit of China Evergrande Group, has been suspended since April 1, 2022, after it got…
By Stanley Widianto and Josh Ye JAKARTA/HONG KONG (Reuters) – TikTok said it has no plans to roll out a cross-border business in Indonesia as a government minister on Thursday expressed concerns over how reported plans for a new e-commerce push by the firm could flood the country with Chinese products. The short video app,…
By Manya Saini (Reuters) -Investment bank Lazard’s second-quarter profit fell 76% as its advisory business reeled from a prolonged slump in dealmaking, but executives said on Thursday that they were seeing early signs that things were bottoming out. Confidence was improving among boards and investors amid expectations that the Federal Reserve was nearing the end…
By Michael Holden LONDON (Reuters) -Prince Harry can take some of his lawsuit against media magnate Rupert Murdoch’s tabloids to trial, London’s High Court ruled on Thursday, but claims of decades-old phone hacking were thrown out for being filed too late. The court also rejected one of Harry’s central arguments, that there had been a…
By Maggie Fick LONDON (Reuters) – The factory that fills the self-injection pens for booming weight-loss drug Wegovy has repeatedly breached U.S. sterile-safety rules in recent years and staff have failed to perform required quality checks, a Reuters review of regulatory documents shows. The breaches at Catalent, the Wegovy pen filler, were found by inspectors…
(Reuters) – Air conditioner maker Carrier Global on Thursday raised its full-year adjusted profit above Wall Street estimates, encouraged by robust demand for the company’s heat pumps, refrigerators, and aftermarket repair services. The Florida-based company is betting on the rapid adoption of heat pumps in European homes. “There are 8.5 million heat pumps in European…
By Ashitha Shivaprasad (Reuters) – Analysts slightly lowered their gold forecasts for this year on the grounds zero-yield bullion would need a catalyst for another run to all-time highs, such as an interest rate cut from the Federal Reserve, a Reuters poll showed on Thursday. The poll of 36 analysts and traders conducted through July…
By Bianca Flowers and Kannaki Deka (Reuters) -Harley-Davidson Inc. revised its sales outlook for the year after profit fell 17.5% in the second quarter as a suspension of production hit motorcycle shipments, the company said on Thursday. Company executives attributed the earnings miss to production being temporarily halted in June at the company’s York, Pennsylvania,…
