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The French bank Societe Generale in the first quarter of this year increased its net profit by 13.8% year-on-year to 850 million euros. Experts had predicted the figure at 811.5 million euros. Quarterly revenue of the bank amounted to 6 billion 294 million euros, 2.8% down. Analysts had expected revenue of 6 billion 470 million euros. Revenue from operations with fixed-income assets, currencies and commodities declined by 31.1% year-on-year, from operations with shares and premium services - by 10.7% year-on-year. The retail banking business in France reduced its revenue by 0.7%.
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 ...
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 ...
KYC Policy