But, Mr. Carney noted, “there is some evidence that businesses are hesitating to bring in higher wage costs at a time of some uncertainty about market access and other costs<br />that would be associated with the process.” — AMIE TSANG<br />Concerns about terrorism, immigration and the coup in Turkey, as well as the uncertainty created by Britain’s vote to leave the European Union — a year of political<br />and economic turmoil hammered Emirates’s results, with profits falling 83 percent, the airline said.<br />The French bank Crédit Agricole said on Thursday that its profit more than tripled in the first quarter, driven in part by strong fixed-income trading by clients in the first three months of the year<br />and strong performance in LCL, its French retail banking business.<br />Movers: Emirates Hit by Trump Immigration Policy, Macy’s and Snap Slide -<br />By THE NEW YORK TIMESMAY 11, 2017<br />We’re following major developments in the markets throughout the day.<br />Not only did Snap record a $2.2 billion loss for the first quarter, its revenue was lighter than expected,<br />and the company disclosed that its user growth was decelerating sharply.<br />— CHAD BRAY and JACK EWING<br />Britain’s central bank opted to keep interest rates steady<br />and left its bond purchase program unchanged when its policy-setting committee met on Thursday.
