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The largest bank of Italy, UniCredit, reported that in the first quarter of 2018 net profit rose to 1.1 billion euros, the finversia.ru project wrote with reference to the bank's accounts. Net profit growth was the best result of the bank since 2007 due to lower than expected losses on loans. The indicator exceeded the expectations of the analysts, who had predicted it at 766 million euros. Quarterly revenues amounted to 5.1 billion euros, increased by 4% compared to the previous quarter. At the same time, net interest income of the bank showed a slight decrease. The write-offs on loans fell to 496 million euros.
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
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 ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten ...
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