Bhinneka News Online: Reuters Before the Bell: U.S. probes Deutsche Bank's dealings with Malaysia's 1MDB: Wall Street Journal

Thursday, 11 July 2019

Reuters Before the Bell: U.S. probes Deutsche Bank's dealings with Malaysia's 1MDB: Wall Street Journal

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Thursday, July 11, 2019

U.S. probes Deutsche Bank's dealings with Malaysia's 1MDB: Wall Street Journal

The U.S. Justice Department is investigating whether Deutsche Bank AG violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday.

Reckitt to pay $1.4 billion to end opioid addiction treatment probes

Reckitt Benckiser has agreed to pay up to $1.4 billion to end U.S. federal investigations into the marketing of an opioid addiction treatment by its former business Indivior, lifting a cloud that has been hanging over the British company for years.

Delta Air quarterly profit surges 39% on higher fares

Delta Air Lines Inc reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes.

Futures higher after rally on Powell's dovish remarks

U.S. stock futures advanced on Thursday, a day after Wall Street's main indexes touched new highs after dovish comments from Federal Reserve chairman Jerome Powell cemented the case for an interest rate cut this month.

Delta CEO sees 'marginal benefit' as competitors grapple with Boeing MAX grounding

Delta Air Lines Inc sees the momentum behind 6.5% quarterly revenue growth continuing throughout the year, Chief Executive Ed Bastian said, citing strong domestic demand that led the No. 2 U.S. carrier to lift its full-year profit forecast.

Wall Street banks bailing on troubled U.S. farm sector

In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector.

FCA to invest 700 million euros for new electric 500 model production

Fiat Chrysler will invest an overall amount of 700 million euros ($788 million) to build a production line for the new electric version of the 500 model (BEV), a top group executive said.

Risks aside, Trump's team sees China trade stance as strength in 2020

As trade talks resume between China and the United States, President Donald Trump's advisers are confident he can portray his stance against Beijing as a strength in the 2020 election, despite making concessions and having no deal in sight.

Oil at six-week high on Gulf of Mexico storm, Iran tensions

Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.

Air China plans to buy 20 A350-900 aircraft from Airbus

Air China , China's flagship carrier, will buy 20 A350-900 jets from Airbus SE worth $6.54 billion based on list prices, the carrier said on Thursday.