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Turkey's Halkbank says U.S. charges represent 'unprecedented overreach'

Turkey's Halkbank said on Wednesday that U.S. charges against it are part of sanctions Washington slapped on Ankara over its military incursion in Syria and represent an "unprecedented legal overreach."



5 years ago

Trading in second Woodford fund suspended: administrator

A second Woodford fund was suspended from trading on Wednesday after embattled investor Neil Woodford resigned as its manager.



5 years ago

Credit Suisse raises Amazon price target before earnings, sees 35% rally ahead

Credit Suisse raised its target on Amazon to $2,400, ahead of the company's third quarter results.

5 years ago

Abbott Labs quarterly profit rises 70.5%

Abbott Laboratories Inc reported a 70.5% jump in quarterly profit on Wednesday, powered by demand for its blood sugar monitors and cardiovascular devices. The company's net earnings rose to $960 million, or 53 cents per share, in the third quarter ended Sept. 30, from $563 million, or 32 cents per share, a year earlier. [nPn4q7c7ya]



5 years ago

Volvo Cars aims to be climate neutral by 2040

Volvo Cars, owned by China's Geely Holding, is targeting a 40% reduction in the carbon footprint of each car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it said in a statement on Wednesday.



5 years ago

Sterling falters as Brexit approaches its endgame

Sterling came off five-month highs and stocks traded sideways on Wednesday as the European Union and Britain sought to avert a disorderly Brexit before an EU summit on Thursday.



5 years ago

Oil eases further below $59 on weaker economic outlook

Oil edged further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.



5 years ago

Bank of America beats profit estimates on stock trading, lending gains

Bank of America Corp , the second-largest U.S. bank by assets, beat analysts' estimates for quarterly profit as gains from trading in stocks and robust loan growth helped cushion it from lower interest rates.



5 years ago

Huawei's third-quarter revenue jumps 27% as smartphone sales surge

Huawei Technologies Co Ltd's third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.



5 years ago

Ride-hailing companies Uber, Lyft won't testify before Congress: report

Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources.



5 years ago

U.S. chipmaker Broadcom told to stop exclusivity deals till EU probe ends

U.S. chipmaker Broadcom has been ordered to halt exclusivity deals with six TV and modem makers for up to three years while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals.



5 years ago

Robert Shiller says economic stories like fears of a recession can go viral and be self-fulfilling

Nobel Prize winning economist Robert Shiller's new book, "Narrative Economics", examines why some economic stories go viral.

5 years ago

BNY Mellon profit falls 7% on lower fees

Bank of New York Mellon Corp reported a 7% fall in quarterly profit on Wednesday, as the world's largest custodian bank earned lower fees and took a hit from a drop in interest rates.



5 years ago

Broadcom says EU antitrust order will not impact business, will challenge it

U.S. chipmaker Broadcom said on Wednesday that an EU antitrust order to halt certain business deals with six TV and modem makers will not have a material impact on its business and it will challenge the EU move in court.



5 years ago

UK watchdog opens formal probe of Amazon Deliveroo deal

Britain's competition regulator said on Wednesday it had launched a formal investigation into Amazon.com Inc's investment in food delivery company Deliveroo, setting a December 11 deadline for a decision https://reut.rs/2ONs4b0 on the first phase of its probe.



5 years ago