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In the first quarter, Citigroup, one of the largest US banks, increased its net profit to 4 billion 620 million dollars against 4 billion 100 million dollars for the same period last year. Revenue rose to 18 billion 870 million dollars from 18 billion 370 million dollars a year earlier and coincided with the forecasts of analysts. The retail division increased its revenue by 7%, institutional clients business - by 6%. The revenue of the corporate customer service division decreased by 50%. Losses on loans increased by 9% to 1 billion 870 million dollars. At the end of the quarter, the capital adequacy ratio of the first order by the rules of Basel III was 12.1% compared to 12.8% a year earlier.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Forex analysts revised their forecasts for the Australian and New Zealand dollars but were left behind the market that has already exceeded the one-year target. Aussie forecasts were raised to $0.6400 in a month, $0.6450 in three months, and ...
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