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Swiss bank Credit Suisse Group in the second quarter increased its net profit 2 times year-on-year to 647 million Swiss francs. Analysts had expected the figure at 596 million francs. The gain was 5 billion 600 million francs, while analysts had predicted 5 billion 330 million francs. At the same time, the bank's director-general, Tijan Thiam, noted that the uncertainty associated with geopolitical and trade risks, as well as with changes in the monetary policy of the world's leading central banks can affect confidence in due course, and this, in turn, can affect a wide range of asset classes that are important for market operations”.
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 ...
KYC Policy