By Tim Hepher PARIS (Reuters) – Airbus is contemplating a management shake-up that could restore a de facto separate leader for its planemaking business and free CEO Guillaume Faury to tackle broader strategic priorities, people familiar with the matter said. French-born Faury currently combines the job of running the world’s largest jetmaker, at a time…
BANGKOK (AP) — Myanmar’s central bank has promised improvements and warned against currency manipulation after an international watchdog put the military-controlled country on a terrorism and financial crimes blacklist. The Financial Action Task Force recommended that Myanmar be included among countries requiring stronger due diligence, citing deficiencies in its enforcement of precautions against money laundering…
(Reuters) – Icahn Enterprises said on Thursday that it plans to give away $2 per depositary unit for the quarter ended March 31, days after Hindenburg’s short-selling report. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Maju Samuel)
By Chiara Elisei LONDON (Reuters) – Corporate credit quality is weaker than financial markets currently price in, while defaults are likely to pick up in the second half of the year, a report by Janus Henderson Investors said on Friday. Indicators such as debt loads, access to capital markets, cash flow and earnings continued to…
(Reuters) – Quotes by and about singer Tony Bennett, who has died at the age of 96: BENNETT ON BENNETT * “I have a feel for people. I want people to like me and I get a kick out of making them happy.” – Time magazine in 1964 * “Through song and art, I can…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of AMC Entertainment Holdings Inc have been hit by a wave of bearish options bets amid uncertainty over the company’s stock conversion plan. The one-month moving average of open puts versus call options on AMC hit 1.7-to-1 on Thursday, the most bearish the measure has been…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon sent a clear message to employees this month: get back to the office. It touched a nerve among his staff. The largest U.S. lender’s employees inundated an internal messaging forum with criticism after its operating committee posted an…
By Daniel Wiessner (Reuters) – A new lawsuit accusing SpaceX of illegally refusing to hire asylum recipients and refugees could be an important test of the U.S. government’s stance that national security concerns do not allow companies to discriminate against non-citizens. Elon Musk, CEO of the rocket and satellite company, said in response to the…
BEIJING (Reuters) – China’s banking regulator and the central bank plan to adopt a more differentiated regulatory system for assessing commercial banks’ capital adequacy and risk management, in a step to better prevent risks in the country’s financial system. The China Banking and Insurance Regulatory Commission and the People’s Bank of China on Saturday jointly…
By David Shepardson WASHINGTON (Reuters) -Major U.S. airlines on Monday asked the Federal Aviation Administration to extend cuts to minimum flight requirements at congested New York City-area airports and a Washington airport, citing a lack of adequate air traffic control staffing. The FAA in March agreed to the request of Delta Air Lines and United…
