(Reuters) – KeyCorp reported on Thursday a bigger-than-expected 50% fall in quarterly profit, as it set aside more rainy day […]
Fifth Third Bancorp tops profit estimates on strong interest income
(Reuters) – Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central […]
D.R. Horton lifts annual revenue forecast on sturdy housing demand
(Reuters) – D.R. Horton Inc on Thursday raised its forecast for full-year revenue and homes closed, benefiting from strong demand […]
Global hedge funds ditch losing trades after failing to beat the MSCI – Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds exited trades in the past week at their fastest pace since […]
Fed’s top regulatory official faces uphill battle to overhaul bank capital
By Pete Schroeder WASHINGTON (Reuters) -A plan by the top U.S. banking cop to make the sector more resilient may […]
Transatlantic travel sets up European airlines for bumper earnings
By Joanna Plucinska and Rajesh Kumar Singh LONDON/CHICAGO (Reuters) – North American tourists thronging the streets of Europe’s top destinations […]
BoE reports second-biggest usage of short-term liquidity repo
LONDON (Reuters) – The Bank of England allotted 1.2 billion pounds ($1.55 billion)of one-week funds in its short-term repo (STR) […]
Paris success in attracting London banks boosts balance of payments
PARIS (Reuters) – France’s post-Brexit success in attracting banks from London to Paris has exceeded expectations and is increasingly showing […]
Exclusive-EU’s highest inflation to slow to 7-8% by Dec – Hungary finance minister
By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) – Hungary’s annual inflation will slow to 7-8% by December from 20.1% […]
A new normal, with a side of the old, has kept Fed’s ‘soft landing’ in play
By Howard Schneider WASHINGTON (Reuters) – Ford Motor’s announced price cut this week for the electric version of its F-150 […]