[ad_1] ROME/MILAN (Reuters) – The rescue of sickly Italian lender Carige took a step forward on Wednesday when key players struck a framework deal over an equity fundraising, sources said, a day before a deadline
Robust growth at Vuitton, Dior boost LVMH sales
[ad_1] FILE PHOTO: A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner/File Photo PARIS
Health insurer Anthem’s medical costs overshadow earnings beat; shares sink
[ad_1] (Reuters) – Anthem Inc on Wednesday said medical costs were higher than expected in its Medicaid business that sells health plans for low-income customers, and the health insurer’s shares fell nearly 5%. The office
Caterpillar earnings miss estimates on weak China sales, higher costs
[ad_1] CHICAGO (Reuters) – Caterpillar Inc’s earnings on Wednesday missed Wall Street’s estimates, hurt by a combination of weak sales in China and higher production and restructuring costs, pushing its shares down 4.3% in morning
Exclusive: Russia’s finance ministry seeks delay of Basel III reform – letter
[ad_1] MOSCOW (Reuters) – Russian Finance Minister Anton Siluanov has asked the central bank to postpone reforms requiring banks to increase capital buffers under the “Basel III” international financial rules, according to a letter seen
Deutsche Bank stumbles to big loss on road to reinvention
[ad_1] FRANKFURT (Reuters) – Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion), underlining the challenges faced by Chief Executive Christian Sewing as he attempts to turn around the
Boeing sinks to $3 billion loss on MAX groundings
[ad_1] FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. Picture taken August 14, 2018. REUTERS/Paulo
Drugmaker GSK ends chairman search with HSBC’s Symonds
[ad_1] (Reuters) – GlaxoSmithKline has appointed HSBC’s Jonathan Symonds to succeed Philip Hampton as non-executive chairman, ending a six month search as the drugmaker prepares to split its businesses into two. FILE PHOTO: The GlaxoSmithKline
Philippines’ Jollibee buying Coffee Bean & Tea Leaf in overseas expansion
[ad_1] MANILA (Reuters) – Jollibee Foods Corp, Philippines’ largest food service network operator, is buying U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of an expansion outside its home market.
Global Markets: Trade talks keep stocks afloat, weak PMIs sink euro
[ad_1] LONDON (Reuters) – Global shares crept higher on Wednesday as prospects of fresh China-U.S. trade talks drew a guarded welcome from investors, while dour data on euro zone economic activity hit the euro ahead