International News
US close: Stocks fall ahead of Trump's inauguration
US stocks closed in the red on Thursday as investors exercised caution ahead of Donald Trump’s presidential inauguration.
Europe close: Stocks end on mixed note after ECB decision
European stocks were little changed by the end of trading on Thursday even as European Central Bank chief Mario Draghi struck a dovish tone at his press conference following the monetary authority´s policy decision.
Credit Suisse arrives at $5.3bn settlement with US
Credit Suisse has come to a $5. 3bn agreement with the US Department of Justice to settle the investigation into the bank’s involvement in selling toxic mortgage debt before the last financial crisis.
Airline bosses report sky high operating costs but remain optimistic for 2017
The International Air Transport Association has released research suggesting a challenging environment for airlines, including lower passenger yields and an increase in operating costs.
Marine Le Pen leads poll ahead of French presidential election
French National Front leader Marine Le Pen has surged ahead in a key poll as attention turns to the presidential election later this year in the country.
Union Pacific beats estimates for fourth quarter
Railroad firm Union Pacific Corporation reported its fourth quarter results on Thursday before markets opened, beating analysts' estimates and sending its share price up 5% in early trading.
RBS might book charge for US RMBS litigation in Q4, report says
State-owned RBS might book a charge for expected litigation charges stemming from the US Department of Justice´s probe into its role in that country´s sub-prime mortgage meltdown which ensued during the last financial crisis as soon as in its fourth quarter eanings statements.
US open: Stocks waver ahead of Trump inauguration, Yellen speech
Ahead of Donald Trump’s inauguration, US stocks wavered on Thursday, after a torrent of economic data and earnings from Bank of New York Mellon, with investors also eyeing another speech from Federal Reserve chair Janet Yellen.
ECB keeps policy measures unchanged
The European Central Bank decided to keep key interest rates and the asset purchase programme unchanged on Thursday.
Initial US weekly unemployment claims see large drop
A key gauge of the short-term health of the US labour market continued to improve during the latest week.
Bank of New York Mellon's earnings soar in 2016
Bank of New York Mellon reported its final quarter earnings for 2016 on Thursday, with the company revealing its net income rose to $822m during the period.
CSX Corp. rockets on reports activist investors targeting railroad operator
Shares in CSX Corp. rocketed following reports that rival railroad operator´s Canadian Pacific´s ex boss would team up with an activist investor to shake-up the company.
Philly Fed index unexpectedly jumps in January
Manufacturing conditions in the Philadelphia region unexpectedly improved in January.
US housing starts rise more than expected in December
US housing starts rose more than expected in December, according to data released by the Commerce Department.
Bonds: Prices continue to move within recent trading ranges
These were the moves in some of the most widely-followed 10-year sovereign bonds:.
Economist Roubini compares Trump strategies with communism
The economist who predicted the global stock market crash in 2008 has said that if Barack Obama had espoused policies put forward by president-elect Donald Trump, he would be labelled a communist.
Goldman Sachs to move half its London bankers to Frankfurt
Giant investment bank Goldman Sachs plans to move 1,000 of its City of London traders and bankers to Frankfurt when the UK exits from the European Union, according to reports in Germany on Thursday.
JPMorgan agrees to pay $55m in discrimination case
Investment bank JPMorgan Chase has agreed to settle a racial discrimination case with a $55m payment, after it was alleged to have charged black and Hispanic mortgage customers more in the United States.
Lockheed Martin reportedly close to $9bn F-35 contract with Pentagon
The Department of Defense in the United States is ready to pen a deal with contractor Lockheed Martin worth $9bn for its controversial F-35 fighter planes, according to reports.
Samsung boss evades arrest as South Korean judges rejects arrest warrant
The de-facto head of Samsung group will not face arrest in the South Korean corruption scandal after a judge in the country ruled against issuing an a warrant for the arrest.