News

General Electric Co raised its 2019 forecast on Wednesday, helped by improvement in its industrial businesses, even as its latest earnings dipped into the red after two profitable quarters, sending shares up 3 percent in premarket trading.

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Ethiopia's parliament passed a bill on Wednesday to open up the country's financial sector to an estimated five million citizens living abroad or with dual nationality, including allowing them to buy shares in local banks and start lending businesses.

China's central bank said on Wednesday it will take measures to improve banks' loan structures, such as increasing the proportion of medium- to long-term loans for the manufacturing sector.

The Trump administration plans to ramp up borrowing with short-term debt issuance once Washington raises a borrowing limit in order to get the nation's cash buffer back to a safe level, the Treasury Department said on Wednesday.

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Sri Lankan shares fell for a second straight session on Wednesday, dragged down by banking and telecommunication shares, while the rupee ended weaker due to importer dollar demand. ** The country's benchmark stock index closed 0.28% down at 5,935.34, but ended the month 10.5% higher. ** The index is down about...

* Company expects improvement in combined ratio (Adds shares, news conference, ReAssure)

UK prime minister says the cost of the project will ‘probably be north of £100bn’

Baker Hughes, General Electric Co's oilfield services arm, reported a better-than-expected quarterly profit on Wednesday, helped by higher activity in LNG markets and rise in international demand for oilfield services.

General Electric Co swung back to a financial loss in the second quarter, as the cost of restructuring its ailing power business and the grounding of a Boeing Co jetliner model drained more cash than expected from GE's otherwise profitable industrial units.