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Economy

Bank of Canada most likely to cut rates by 50 bps next week

By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is widely expected to reduce its key policy rate by 50 basis…

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Economy

Exclusive-Some ECB governors wanted to drop pledge to keep policy tight, sources say

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – Some European Central Bank governors at Thursday’s rate-setting meeting made the case for…

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Economy

Fifth Third Bancorp’s profit falls on higher loan loss provisions

(Reuters) – Fifth Third Bancorp (NASDAQ:FITB) reported a fall in its third-quarter profit on Friday, as the bank set aside more money…

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Economy

AmEx quarterly profit exceeds expectations on cost control

(Reuters) -American Express reported third-quarter profit above Wall Street estimates on Friday, benefiting from disciplined expense management that helped soften the hit…

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Economy

Factbox-Airlines suspend flights as Middle East tensions rise

(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to…

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Stock

Mizuho cuts price targets for auto chip stocks on softer trends

Investing.com — Mizuho Securities has adjusted its outlook for auto chip stocks, cutting price targets for key players amid signs of weaker-than-expected…

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Stock

Swiss defend decision not to adopt latest Russia sanctions in full

LONDON (Reuters) – Switzerland on Friday said it was “unequivocally” committed to sanctions against Russia after Bern decided not to adopt in…

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Stock

Photon Energy boosts Romanian solar capacity to 51.6 MWp

AMSTERDAM/BUCHAREST – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) has announced the completion and grid connection of a new 3.2 MWp photovoltaic…

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Stock

Comet sees uptick in Q3 sales with semiconductor demand

ZURICH – Comet, a provider of key technologies for the semiconductor industry, reported a 45.6% increase in net sales for the third…

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Stock

Exclusive-Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

By Allison Lampert and Mike Stone (Reuters) – Spirit AeroSystems (NYSE:SPR) will tell employees on Friday that it will furlough 700 workers…

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