Reuters UK Business

By Caroline Valetkevitch NEW YORK (Reuters) – After a disappointing third-quarter reporting period, analysts are projecting that fourth-quarter U.S. earnings will decline for the first time in two years as rising interest rates and slowing growth further dampen the outlook. Estimates have been falling for 2023 quarters as well, and Goldman Sachs recently cut its …

Falling Q4 profit forecasts another negative for U.S. stocks Read More »

By Nell Mackenzie LONDON (Reuters) – Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and some say pension schemes are still offloading assets as pressures persist. British defined benefit pension funds were caught up in market turmoil in September caused …

From Apollo to DZ Bank, funds snap up bargains in UK pension scramble Read More »

(Reuters) – Boeing Co said on Friday that the planemaker expects air cargo traffic to increase two-fold over the next 20 years, with the world’s freighter fleet expanding by more than 60%. (Reporting by Aishwarya Nair in Bengaluru; Editing by Maju Samuel)

By Jonathan Stempel NEW YORK (Reuters) – Deutsche Bank AG has been sued for $150 million by a former trader whose conviction for rigging the Libor rate benchmark was overturned, and who says the bank framed him to shield top executives from blame. In a complaint filed on Thursday in New York, Matthew Connolly accused …

Deutsche Bank sued for $150 million in New York by exonerated trader who alleges coverup Read More »

WASHINGTON (Reuters) -Tesla Inc recalled nearly 30,000 Model X cars in the United States over an issue that may cause the front passenger air bag to deploy incorrectly, sending its shares down nearly 3% on Friday to their lowest in nearly two years. The air bag could deploy incorrectly in certain low-speed collision events where …

Tesla recalls 30,000 Model X cars, shares hit two-year low Read More »

By Lawrence White LONDON (Reuters) -Nationwide, Britain’s second biggest mortgage lender, said bad loans are likely to rise and the mortgage market dwindle as an economic slowdown bites, although household savings could cushion the blow. Investors concerned about the cost of living crisis will monitor Nationwide’s view of the housing market especially closely after Britain’s …

Britain’s Nationwide says savings could limit mortgage downturn Read More »

FRANKFURT (Reuters) -Deutsche Bank Chief Executive Christian Sewing on Friday warned of the “danger” of European reliance on foreign banks, equating the threat to the region’s dependence on outsiders for energy that has sparked crisis on the continent. Deutsche Bank has long warned that Europe needs strong banks to counteract U.S. and Chinese competitors, but …

Deutsche Bank CEO warns of ‘danger’ of European reliance on foreign banks Read More »

FRANKFURT (Reuters) -The European Central Bank will keep raising interest rates and may even need to restrict economic activity to tame inflation, ECB President Christine Lagarde said on Friday, singling out rates as the bank’s key instrument over balance sheet reduction. The ECB has raised rates by an unprecedented 200 basis points since July to …

ECB may have to restrict growth to control inflation, Lagarde says Read More »