International Companies
Morgan Stanley Q3 results underwhelm
Morgan Stanley reported weaker third quarter profits due to th drag from its investment banking and fixed income units.
Country Garden at risk of default
China’s crisis-hit Country Garden edged closer to defaulting on its international debt on Wednesday, after it missed a key interest payment deadline.
QatarEnergy and Shell strike 27-year LNG deal
Energy giants Shell and QatarEnergy have struck a deal to supply the Netherlands with liquefied natural gas, it was announced on Wednesday.
BNY Mellon Q3 profits boosted by interest rate hikes
Investment bank BNY Mellon posted third-quarter profits that came in ahead of estimates on Tuesday thanks to a leg up from higher interest rates.
Thermo Fisher to buy Sweden’s Olink in $3.1bn deal
Thermo Fisher Scientific has agreed to buy Swedish proteomics company Olink in a $3. 1bn deal.
Goldman Sachs profits fall by a third in Q3
Goldman Sachs said on Tuesday that its profits fell by a third in the three months to the end of September.
Bank of America tops analysts' Q3 estimates
Bank of America beat analysts' estimates for its quarterly results thanks to bumper results in its trading arm and its global markets unit.
Johnson & Johnson ups guidance after Q3 beat
US healthcare giant Johnson & Johnson has upgraded its guidance for the full year after a strong third quarter, which topped analysts' estimates for both sales and profits.
Citigroup Q3 results blow past analysts' estimates
Banking heavyweight Citigroup posted far better-than-expected results for its third quarter.
Wells Fargo profits surge on higher interest rates
Wells Fargo reported a surge in quarterly earnings on Friday, as it benefited from sharply higher interest rates.
JPMorgan beats third-quarter net income expectations
JPMorgan Chase reported third-quarter net income of $13. 2bn on Friday, equating to $4. 33 per share.
FCA fines Equifax £11m over cybersecurity breach
Credit checking agency Equifax has been fined more than £11m by the UK regulator following one of the largest cybersecurity breaches in history, it was confirmed on Friday.
FDA blocks six British American Tobacco vape flavours
Shares in British American Tobacco came under pressure on Friday, after US authorities cracked down on some of its flavoured vapes.
UK's CMA clears Microsoft's $69bn acquisition of Activision Blizzard
The UK’s Competition and Markets Authority said on Friday that it has cleared Microsoft’s proposed $69bn acquisition of 'Call of Duty' maker Activision Blizzard.
Chinese lenders rally after state wealth fund buys shares
Shares in some of China’s biggest banks rallied on Thursday after the country’s sovereign wealth fund increased its holding in the lenders.
UK watchdog to probe Arcelik-Whirlpool deal
The UK competition watchdog is to launch an in-depth investigation into the proposed merger of white goods manufacturers Whirlpool and Arcelik, it was confirmed on Wednesday.
ExxonMobil to buy Pioneer in $59.5bn all-stock deal
ExxonMobil has agreed to buy Pioneer Natural Resources in a $59. 5bn all-stock deal.
Shares fall as sales growth slows at LVMH
Shares in luxury goods giant LVMH fell on Wednesday, after weaker global demand caused sales growth to slow.
PepsiCo lifts FY profit forecast as price hikes boost Q3 revenues
PepsiCo lifted its full-year profit forecast again on Tuesday as it posted a jump in third-quarter sales, thanks mainly to price hikes.
Exxon Mobil in talks to buy Pioneer Natural Resources - report
US petroleum giant Exxon Mobil was said to be in advanced discussions to snap up Permian shale basin producer Pioneer Natural Resources in a deal valued at roughly $60. 0bn.