By Richa Naidu LONDON (Reuters) -Reckitt Benckiser, maker of Dettol cleaning products and Durex condoms, on Wednesday reported a decline…
Barclays beats forecast on trading boom, but bad loan charges rise
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays beat forecasts with a small rise in third-quarter profit on Wednesday…
Exclusive-Vietnam may widen dong trading band again to conserve FX reserves – source
HANOI (Reuters) – Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading…
Euro zone credit growth rises again, despite gloomy outlook
FRANKFURT (Reuters) – Bank lending to euro zone companies accelerated further in September, extending the sector’s biggest borrowing binge in…
Santander’s higher provisions and costs overshadow Q3 beat
By Jesús Aguado MADRID (Reuters) – Higher loan loss provisions in some of Santander’s key markets, such as Brazil and…
Mercedes-Benz to quit Russian market, sell shares to local investor
BERLIN/MOSCOW (Reuters) – Mercedes-Benz said on Wednesday it would withdraw from the Russian market and sell shares in its industrial…
StanChart surprises with 40% profit jump, ups income goal on rising rates
By Anshuman Daga and Lawrence White SINGAPORE (Reuters) -Standard Chartered’s third-quarter profit surged 40% as higher interest rates boosted the…
Audi partners with Swiss Sauber for Formula One
FRANKFURT/LONDON (Reuters) – Audi said on Wednesday it has agreed to take a stake in Swiss-based Sauber Group, whose team…
Former president of China Merchants Bank arrested over suspected bribes – state media
BEIJING (Reuters) – China’s top prosecutor has decided to arrest Tian Huiyu, a former president of China Merchants Bank, on…
Ex treasury secretary Mnuchin says U.S. in recession, will continue
RIYADH (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a…