The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%. The trim, which had been anticipated by 30 of 32 analysts surveyed in a Reuters poll, marked the SNB's third interest rate...
H&M shares fall as much as 8% on profit miss and scrapped earnings margin target
The logo of Swedish clothing retailer H&M hangs over one of its stores on March 28, 2018 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Shares of H&M tumbled as much as 8% on Thursday after the world's second-largest listed fashion retailer posted a miss...
Southwest Airlines raises summer revenue forecast, authorizes $2.5 billion in share buyback
DALLAS — Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management. The airline said it expects unit revenue to rise...
UniCredit’s pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
European banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union. Italy's UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest investor in Germany's second-largest lender with a 21% stake. The...