International News
Europe close: DAX dives on euro peaks and colluding carmakers
European stocks ended the week firmly in the red as the euro continued to march higher, with the strength in the single currency weighing on exporters and car makers were hit by reports of collusion in the industry, combining to send the Dax to new three-month lows.
General Electric tumbles further as profits slide
US industrial giant General Electric reported net profits of $1. 34bn for the second quarter of 2017, 53% less than its earnings for the same quarter in 2016.
US open: Wall Street slips amid weak tech earnings, downbeat GE
Wall Street was slightly lower in early trading following disappointing updates from Microsoft and Ebay, alongside weak guidance from industrial conglomerate GE.
Irish ambassador calls on UK to remain in Customs Union
Britain should remain in the EU Customs Union following Brexit in order to avoid problems with the Irish border, the country’s ambassador to the UK said on Friday.
Earthquake strikes Greek island of Kos and coastal towns in Turkey
A powerful earthquake in the Aegean sea has wreaked havoc tourist hot-spots near the Greek island of Kos and off the coast of Turkey, leaving two dead and more than 200 injured.
Ebay shares fall after company lowers third quarter guidance
Online marketplace Ebay saw its shares fall overnight after despite posting second quarter earnings that were in-line with consensus estimates, as it warned that analysts' forecasts for the following quarter were slightly too high.
US pre-open: Shares seen flat as investors eye more earnings; eBay under pressure
US futures pointed to a muted open on Wall Street on Friday ahead of earnings from the likes of General Electric and Honeywell.
Goldman Sachs executive urges Brexit transition deal as soon as possible
The government should seek to implement a significant transition period for Brexit from March 2019, one of Goldman Sachs’ top executives has said.
ExxonMobil fined $2m for violating Russia sanctions
US oil corporation ExxonMobil has been fined $2m by authorities in the country for the violation of sanctions handed out to Russia during Rex Tillerson’s time as CEO.
Paysafe announces acquisition and possible GBP2.8bn takeover offer
In an unusual double, Paysafe Group has both struck a $470m deal to acquire US-based Merchants' Choice Payment and also announced that it has received a takeover proposal from private equity companies Blackstone and CVC Capital Partners.
US close: Markets mixed as investors close their wallets
US stocks took a breather on Thursday, following mixed economic data and ahead of key corporate updates from tech heavyweights Microsoft and eBay.