BA owner IAG reports profit rise, share buyback
LONDON British Airways owner IAG owner IAG (ICAG.L) said it will return 500 million euros to investors after reporting higher annual profits on Friday, helped by cost-cutting and lower fuel costs.
BERLIN The European Union could revive talks on a free trade deal with the United States under the administration of President Donald Trump, European Commission Vice President Jyrki Katainen said on Tuesday.
The two sides failed to conclude negotiations on the Transatlantic Trade and Investment Partnership (TTIP) before former president Barack Obama left office last month.
"TTIP has not been mentioned by the new US-administration," Katainen said at a business conference in Berlin. "So we still expect that it will be possible to relaunch discussions and to create a sustainable business environment."
(Reporting by Gernot Heller; Writing by Joseph Nasr; Editing by Madeline Chambers)
LONDON The head of French carmaker PSA played down the threat to British plants as he discussed his potential takeover of GM's European operations during a visit to London on Friday.
ATHENS Greece's central bank governor warned on Friday that "uncertainty" could hobble the country's economic recovery if the government and its lenders do not conclude a bailout review soon, urging both sides to be "flexible" in talks.