Recent Posts

Interjet may sell stake to United, American

  Bloomberg Interjet, Mexico’s third-biggest carrier, is in talks to sell an equity stake to American Airlines Group Inc. or United Continental Holdings Inc., said Chairman Miguel Aleman Velasco. Aleman Velasco declined to say how large a stake is for sale or what price it might fetch. No agreement has been reached, he told reporters Thursday in Mexico City. “We’re ...

Read More »

China’s ICBC suffers unexpected profit plunge

  Bloomberg Industrial & Commercial Bank of China Ltd., the world’s biggest lender by assets, let its bad-loan buffer sink further below a regulatory minimum to avoid reporting a bigger decline in third-quarter profit. ICBC’s bad-loan coverage ratio slumped to 136 percent, compared with a minimum of 150 percent, the bank told Hong Kong’s stock exchange. Net income fell 0.2 ...

Read More »

RBS warns on profit outlook

  Bloomberg Royal Bank of Scotland Group Plc reported a surprise jump in pretax earnings on the highest revenue at its investment bank in two years, while pushing out profitability targets on a weaker outlook and looming charges for misconduct. Pretax profit, excluding one-time costs, rose to 1.33 billion pounds ($1.6 billion), beating the 776 million-pound average estimate of seven ...

Read More »
Send this to a friend