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In the first quarter of 2018, the profit of Standard Chartered before tax grew by 20% year on year to $1 billion 260 million, thanks to the increased demand for loans and improved asset quality. Analysts had predicted the figure at 1 billion 210 million dollars. Operating income of the bank amounted to 3.9 billion dollars, increased by 7%. Depreciation of financial assets decreased by 29% compared with the first quarter of last year. After the release of quarterly results, Standard Chartered shares in Hong Kong grew by 0.8%.
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 National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
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