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(Reuters) – Northern Trust on Thursday reported a more than fourfold rise in fourth-quarter profit, beating Wall Street estimates, as a rallying equity market boosted the wealth manager’s income from asset servicing and management. Investors have been pouring money into the equity markets in the hopes of reaping a windfall from the Trump administration’s potential …

Northern Trust’s quarterly profit rises more than fourfold on higher fees-based income Read More »

By Marc Jones LONDON (Reuters) – U.S. investment bank JPMorgan has downgraded its recommendation on Panama’s bonds after U.S. President Donald Trump ramped up his threat this week to “take back” the Panama canal. The Central American country’s bonds have been struggling since Trump made the pledge during his election campaign, but JPMorgan’s analysts said …

JPMorgan cuts Panama view on Trump’s threat to ‘take back’ canal Read More »

DAVOS, Switzerland (Reuters) – The CEO of investment firm General Atlantic, a board member of TikTok’s parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed. New U.S. President Donald Trump signed an executive order on Monday seeking to delay …

General Atlantic CEO says he is optimistic on TikTok deal in the US Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan After a frenetic first three days of the new Donald Trump presidency, buoyant Wall Street stocks hovered near new record highs – gradually turning attention back to a punchy corporate earnings season and economic updates. Wednesday’s tech-led jump in U.S. equity …

Morning Bid: Stocks hover near new records, oil ebbs Read More »

By Yantoultra Ngui SINGAPORE (Reuters) – Indebted property developer China Vanke Co Ltd is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth fund GIC, a person with knowledge of the matter said. The financial details of the potential transaction were not immediately known. Vanke and GIC declined to …

China’s Vanke in talks to sell logistics firm stake to GIC, source says Read More »

TOKYO (Reuters) – Japan’s government on Thursday maintained a cautious outlook for the economy in part as policymakers kept a wary eye on U.S. President Donald Trump’s policies and their potential impact on global growth. The government also said fluctuations in financial markets are among other factors to watch, and retained its view on the …

Japan cautious on economy as Trump’s policies take centre stage Read More »

BERLIN (Reuters) – Lufthansa Airlines aims to be profitable again but still has a ways to go despite the initial success of its restructuring plan, CEO Jens Ritter told journalists on Wednesday evening. Lufthansa wants to be the leading premium airline in Europe “and of course be profitable again”, Ritter said. “Despite many positive developments …

Lufthansa Airlines ‘not there yet’ on profitability, says CEO Read More »

By Kumar Tanishk (Reuters) – Shares of Qantas rose to a record high on Thursday, a day after the Australian carrier unveiled changes to its frequent fliers programme to attract cost-conscious travellers and restore its credibility following a string of controversies. Qantas’ stock advanced 0.5% to finish the day at an all-time high of A$9.420. …

Australia’s Qantas soars to record highs after frequent flyer programme revamp Read More »