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Heineken Profits Bubble amid Warm Weather

Dutch brewing giant Heineken on Monday reported a 48.6 percent leap in first half profits, with beer sales boosted by warm weather in Europe and its new zero alcohol brand.

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Europe's Recovery Strengthens, Unemployment at 8-Year Low

Europe's economic recovery is strengthening with unemployment in the eurozone dropping in June to its lowest since February 2009, according to official figures released on Monday.

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MUFG Eyes Amsterdam, Paris for Post-Brexit Business

Japanese megabank MUFG says Amsterdam and Paris are favorites to be the new European base for its securities operations, officials said Monday, as the firm prepares for Brexit. 

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Oil Surges as Dollar Continues Slide against the Yen

Oil prices surged Monday to build on last week's rally as the dollar clawed back losses following concerns over gridlock in Washington and renewed tensions on the Korean peninsula.  

Both main crude contracts made strong gains, with WTI testing $50 a barrel for the first time since late May and Brent heading towards $53, while mining giants BHP Billiton and Rio Tinto saw their share price rise as commodities strengthened.

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HSBC Profits Up in First Half of 2017

HSBC said profits were up Monday in the first half of the year in what it called an "excellent" result after a turbulent 2016.

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Starbucks Takes Full Control of China Stores in $1.3 Billion Deal

U.S. coffee chain Starbucks has announced it will take full control of its mainland China outlets in a $1.3 billion deal, the largest single acquisition in the company's history.

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VW and Regulators Agree on Fix for Cars in Cheating Scandal

Volkswagen and U.S. environmental regulators announced agreement Thursday on a plan for the German automaker to fix most of the diesel cars involved in an emissions cheating scandal.

The company said the Environmental Protection Agency and the California Air Resources Board have approved the program, which involves about 326,000 VW cars sold between 2009 and 2014. That's the first generation of the "Clean Diesel" cars with 2.0 liter TDI engines, including the Jetta, Golf, Beetle and Audi A3.

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Wealth Management Boosts UBS Profits

Swiss banking giant UBS Friday posted higher profits for the second quarter as improved investor confidence led to growth in its wealth management units.

Net profit for the period was up 14 percent at 1.17 billion Swiss francs (1.03 billion euros, $1.21 billion).

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Morocco Arrests British Bitcoin Dealer Wanted in U.S.

Moroccan police have arrested a British dealer in virtual currency Bitcoin wanted on fraud charges in the United States, a source close to the investigation told AFP on Thursday.

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Etihad Airways Says it Lost $1.87 Bn in 2016

Abu Dhabi's Etihad Airways said Thursday it posted a $1.87 billion loss last year, hit by "one-off" impairments on aircraft and investments in troubled Alitalia and airberlin.

The government-owned carrier said total impairments amounted to $1.9 billion, including a $1.06 billion "charge on aircraft, reflecting lower market values and the early phase out of certain aircraft types."

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