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Deutsche Bank reported on the results of the second quarter of net profit, pre-tax profit and revenue, which were higher than the market forecasts. According to preliminary data of the German bank, its net profit amounted to 400 million euros, profit before taxes – to 700 million euros, revenue – to 6 billion 600 million euros. The corporate and investment business of the German bank recorded revenue in the second quarter in the amount of 3.5 billion euros. Expenses of Deutsche Bank, not related to the payment of interest, were at the level of 5 billion 800 million euros, while economists had expected the figure at 6 billion euros.
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 ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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