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Swiss bank Credit Suisse in the first quarter of 2019 recorded a net profit growth of 8% compared to the same period last year to 749 million Swiss francs. The figure exceeded the estimates of experts who had expected it at the level of 682 million francs. Quarterly revenue, which fell to 5 billion 390 million francs for the year, also exceeded the figure of 5 billion 200 million francs expected by experts. The bank's message says that the restructuring has brought positive results - the risks and costs have decreased with stronger capital. Overseas asset management business showed a pre-tax profit growth of 8% to 523 million francs, exceeding economists' forecasts.
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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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