Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, reported a fourth straight quarter of profit growth below 10 percent as the nation’s biggest banks enter an era of more subdued earnings.
West Texas Intermediate headed for the first weekly gain in more than a month as U.S. economic growth beat estimates, boosting the outlook for demand in the world’s largest oil consumer. Brent was steady in London.
More than 20,000 people may be infected with Ebola before the outbreak in West Africa is controlled, and curbing the epidemic will cost at least $490 million, according to a World Health Organization plan.
Deutsche Telekom AG is willing to negotiate a sale of its T-Mobile US Inc. unit, the fourth- largest wireless carrier in the U.S., if an offer values the business at $35 a share or more, according to a person with knowledge of the matter.
Malaysian Airline System Bhd., which lost two jetliners this year, said the full financial impact from the disasters will only be seen in the second half as its majority owner prepares to announce a restructuring plan.
United Services Automobile Association, the provider of financial products to military families, promoted Stuart Parker to chief executive officer as it seeks to extend growth in insurance and banking.