Bloomberg Credit Agricole SA and Natixis SA are among French lenders nursing losses on loans made to Rallye SA and other parent companies of retailing giant Casino Guichard-Perrachon SA, which are creaking under more than 3 billion euros ($3.3 billion) of debt. Natixis made a provision for credit losses of 110 million euros in the second quarter because of its ...

Bloomberg Royal Bank of Scotland Group Plc(RBS) slid as the state-controlled lender indicated it’s unlikely to reach key profitability targets next year given the political and economic tension around Brexit. Outgoing Chief Executive Officer Ross McEwan blamed an “uncertain and competitive environment” as the bank reported second-quarter net interest income that missed analysts’ estimates. The bank said it’s very unlikely ...

Bloomberg Bank of England (BOE) Governor Mark Carney dodged the question of whether he’d be interested in becoming the next head of the International Monetary Fund (IMF). “I wouldn’t mind doing something after I leave” the BOE at the end of January, “but I don’t know what I’m going to do next,” Carney said in an interview with BBC Radio ...

Bloomberg Ireland’s central bank commission discussed how to contain any potential fallout from the controversy which engulfed its incoming governor, a person familiar with the matter said. In June, Gabriel Makhlouf, New Zealand’s top Treasury official at the time, escaped dismissal with a rebuke from authorities for failing to take responsibility for a security breach around sensitive budget information. He ...

Bloomberg Grupo Aeromexico SAB is readying itself for a shopping spree to update its fleet of short-haul jets. Mexico’s sole legacy carrier is poised to choose this year between Embraer SA E195-E2 aircraft and Airbus SE A220 models, Chief Executive Officer Andres Conesa said. The order would potentially be for 60 planes to overhaul the existing regional fleet of Embraer ...

Bloomberg Walmart Inc appears be pondering whether to test waters in the world of cryptocurrencies, following the steps of Facebook Inc. The retailing giant applied to patent a way to use a digital coin tied to a traditional fiat currency, which could allow for cheaper and faster transactions as well as loyalty features, according to a filing by the US ...

Bloomberg Ryanair Holdings Plc’s planned cull of pilots has reached the Irish group’s Austrian subsidiary, with workers there told that the positions of 30 flight-deck crews are at risk. Laudamotion Chief Executive Officer Andreas Gruber said in a letter to employees that the jobs will need to go if an agreement on savings and new flight rosters can’t be reached ...

Bloomberg Air Canada has removed the Boeing 737 Max from its schedule until January pending regulatory approvals, joining Southwest Airlines Co in scrapping plans for flights of the jetliner into 2020. Canada’s largest carrier said the grounded jets will reduce capacity and curb earnings growth in the third quarter, even as the company posted profit that beat analysts’ estimates for ...

Bloomberg The University of California is looking to halt imports of vintage-style LED light bulbs that are sold at five of the nation’s biggest retailers, including Walmart Inc, Target Corp and Amazon.com Inc. The University of California Santa Barbara says the retailers should be paying it royalties from sales of the bulbs. Bed Bath & Beyond Inc and Ikea of ...

Bloomberg US President Donald Trump said “things are going along very well with China,” and repeated his contention that Beijing is paying the US “Tens of Billions of Dollars” after successive rounds of import tariffs. This was “made possible by Chinese government’s monetary devaluations and their pumping in massive amounts of cash to keep their system going,” Trump said in ...