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French bank Credit Agricole reported the financial results of the first quarter of this year. In a press release, the bank said that during the earnings period, its net profit declined by 11% in annual terms to 763 million euros, since a year ago reports reflected the income from the acquisition of three banks in Italy, amounting to 86 million euros. According to analysts, the profit was expected at 794 million euros. Revenues amounted to 4 billion 860 million euros, a decrease of 1.1% over the year. At the same time, capital market operations brought the bank an annual revenue growth of 1.7% to 472 million euros. The tier 1 capital ratio was maintained by the French bank at the level of 11.5%. Since the beginning of the year, its capitalization has increased by 16.4% to 34.3 billion euros.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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