Bloomberg Barclays Chief Executive Officer Jes Staley is stepping down amid a UK regulatory probe into how he characterised his ties to the financier Jeffrey Epstein. Staley, 64, is leaving, according to a statement. CS Venkatakrishnan, who was promoted last year to run the Barclays markets division and was previously chief risk officer, will replace him as CEO. The bank …

Bloomberg Stocks fluctuated as traders assessed corporate earnings and economic data, with the Federal Reserve getting ready to wind down stimulus. The S&P 500 was little changed as losses in technology shares offset gains in commodity and retail firms. The Dow Jones Industrial Average earlier touched the 36,000 level for the first time. A gauge of small caps climbed about …

Bloomberg Japanese stocks jumped after the ruling coalition secured an election victory that was better than many had expected, paving the way for the administration of Fumio Kishida to begin enacting economic stimulus. The benchmark Topix gained 2.2%, the most since September 24, while the blue-chip Nikkei 225 Stock Average climbed 2.6%, the most since June 22. Utilities were among …

Bloomberg Saudi Aramco’s earnings soared as oil prices and production climbed, allowing the world’s biggest crude producer to cover its quarterly dividend of $18.75 billion with free cash flow. Third-quarter profit rises to 114.1 billion riyals ($30.4 billion) from 44.2 billion riyals year ago, beating a company-compiled estimate of $29.1 billion. Free cash flow was $28.7 billion. Aramco has benefited …

Bloomberg The US and the European Union (EU) clinched a tariff-busting trade accord over the weekend that they’ll try to leverage into a broader global arrangement that would penalise countries that don’t meet low-carbon targets for steel and aluminum exports. President Joe Biden and European Commission President Ursula von der Leyen hailed the agreement on Sunday in Rome on the …

Bloomberg Airbus SE boosted its financial targets for the second time this year while confirming a production ramp-up that would cement the European planemaker’s advantage over Boeing Co. The shares rose as much as 3.2% after Airbus said adjusted operating profit will reach $5.2 billion in 2021. The company reversed some of the charges it took for Covid-19 disruptions as …

Bloomberg American Airlines Group Inc cancelled 460 flights after weather conditions affected its staffing needs. The cancellations made up 9% of its mainline and regional flights, it said. With two days of severe weather at its Dallas-Fort Worth hub, its arrival capacity was cut by more than half, it said. The weather conditions also meant it could use just two …

Bloomberg Argentina’s flagship carrier expects domestic operations to reach pre-pandemic levels by July of next year, according to its top executive. Aerolineas Argentinas President Pablo Ceriani said flights to tourist destinations within the country, from Patagonia in the south to Iguazu Falls in the northeast, are picking up faster than expected as the country emerges from one of the longest …

Bloomberg Amazon.com Inc warned Wall Street that it will have to spend billions of dollars hiring workers, paying them more and even speeding partly empty trucks to their destinations to ensure that supply-chain snarls don’t derail the holiday shopping season. The massive outlays could wipe out Amazon’s profit during the last three months of the year, executives said. The company …

Bloomberg AllDay Marts Inc, a supermarket chain founded by the richest person in the Philippines, is poised to jump in its trading debut thanks to heavy retail investor interest. AllDay’s offer was about four times oversubscribed, with the company and billionaire Manuel Villar raising a combined 4.52 billion pesos ($89 million) by selling 7.52 billion shares at 60 centavos each. …