Deutsche Bank Didn't Archive Chats Used by Some Employees Tied to Libor Probe
A month after reaching a $2.5 billion settlement over interest
rate rigging, Deutsche Bank told regulators its disclosures may
have been incomplete because it accidentally failed to archive
electronic chats involving its employees.
Lloyds Profit Rises Despite PPI Hit
Lloyds reported a rise in first-half profit despite the bank
taking a $2.18 billion provision to compensate customers who were
wrongfully sold insurance products.
SNB Reports Huge Loss
Switzerland's central bank posted a loss in the first half of
the year after its decision to scrap a long-standing cap on the
strength of the Swiss franc caused the currency to soar, eroding
the value of its euro reserves.
BBVA Profit Advances
Spain's Banco Bilbao Vizcaya Argentaria said its net profit rose
74% in the second quarter on higher revenue and a stronger
performance from its Mexican and Spanish operations.
IAG to Boost Fleet as Profit Soars
British Airways parent IAG plans to boost its fleet amid
stronger business prospects, as it reported second-quarter profit
rose 27.9%.
Airbus Profit Rises Despite A400M Charge
Airbus reported a 5% rise in second-quarter profit even as the
A400M military transport plane program, which has repeatedly been a
drag on earnings, once again impaired the European plane maker's
financial results.
Carrefour Reports Sharp Decline in Profit
French retailer Carrefour said it had made progress in its
efforts to kick-start growth despite reporting a sharp decline in
profit amid challenges in France and China.
BNP Paribas Lifted by Investment Banking
French bank BNP Paribas swung to a profit in the second-quarter,
bouncing back from heavy losses tied to a multibillion-dollar fine
for violating U.S. sanctions against Sudan, Iran and Cuba.
ArcelorMittal Pressured by China and Russia
Steel titan ArcelorMittal said its second-quarter net profit was
lifted by lower foreign exchange charges but warned that increased
competition from steel imports, mainly from Russia and China, still
threaten its business.
Siemens CEO Recently Met With Bombardier Executive Chairman
Siemens Chief Executive Joe Kaeser said he recently met with the
executive chairman of Bombardier. The two companies have held talks
about potential linkups between their rail operations.
Barrick Gold Sells Stake in Mine to Antofagasta
Barrick Gold Corp. on Thursday said it had agreed to sell 50% of
its ZaldÃvar copper mine in Chile to Antofagasta PLC for $1 billion
in cash.
Sharp to Quit Selling TVs in the U.S.
The Japanese electronics company reports a bigger-than-expected
net loss for the April-June quarter.
Honda Motor Profit Driven Higher by SUV Sales
Honda's first-quarter profit rose 19.6% from a year earlier,
aided by a weaker yen and strong sales of sport-utility vehicles in
the U.S. and China.
Uber to Invest $1 Billion in India
Uber Technologies said it will invest $1 billion in India in the
next nine months as it seeks to further expand its business in its
largest market outside the U.S.
Noble Group Shares Keep Falling as Short Sellers Pile In
Shares of commodities trader Noble Group slumped for a
second-straight session as short sellers piled in.
Three Coke Bottlers in Talks to Merge
Three bottlers of Coca-Cola products in Europe are in advanced
talks about a merger that would further a push by the U.S. soda
giant to consolidate its bottlers around the world and lower
costs.
Cargill's Black River Shutting Four Hedge Funds
Cargill's Black River Asset Management plans to shutter four of
its hedge funds and return more than $1 billion to investors over
the next several months.
Expedia Sets Sights on Growth Abroad
Expedia Inc. executives said they would be on the lookout
opportunities abroad after brisk demand for hotel rooms overseas
drove up second-quarter earnings.
Regal Cinemas Rejects Paramount's Distribution Idea
Regal Entertainment, the nation's largest movie-theater chain,
isn't signing on to Paramount Pictures' plan to shorten the length
of time it takes for a movie to become available to watch at
home.