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The largest financial group of the Netherlands, ING, reported second-quarter net profit growth of 4.2% year-on-year to 1 billion 429 million euros, helped by higher interest income and commission income. The basic pre-tax profit amounted to 2 billion 22 million euros, increased by 1.5%. At the same time, quarterly revenue decreased by 1.1% to 4 billion 484 million euros. ING increased quarterly net interest income by 2.4% compared to the same period last year to 3 billion 441 million euros. The amount of provisions for bad debts declined from 229 million euros to 115 million euros.
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