Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Credit Suisse profit slides as wealth management fees fall
By Brenna Hughes Neghaiwi ZURICH (Reuters) - Credit Suisse on Thursday posted a steeper-than-expected slide in third-quarter profit, as a surge in investment banking failed to offset a slowdown in wea...
Oct 29, 2020
European stocks rebound slightly as earnings support
(Reuters) - European stocks edged higher on Thursday after strong earnings reports from companies including oil major Royal Dutch Shell and chip equipment supplier ASM, but sentiment remained fragile ...
Oct 29, 2020
LVMH, Tiffany agree on lower price in $16 billion takeover deal
PARIS (Reuters) - U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, ending a bitter legal dispute between the two, the com...
Oct 29, 2020
A post-election crisis could scupper Ivory Coast’s economic gains
By Ange Aboa and Aaron Ross ABIDJAN (Reuters) - As sleek highway overpasses and shopping malls sprouted in Ivory Coast's commercial capital Abidjan following the 2010-11 civil war, investors often poi...
Oct 29, 2020
StanChart flags improved loan loss outlook after quarterly profit beats estimates
By Sumeet Chatterjee and Lawrence White HONG KONG/LONDON (Reuters) - Standard Chartered posted a smaller-than-expected 40% slide in third-quarter profit as it lowered its loan loss expectations linked...
Oct 29, 2020
Airbus sets quarterly cash goal, takes heavy restructuring charge
By Tim Hepher PARIS (Reuters) - Airbus said on Thursday it expected to reach cash breakeven in the fourth quarter, giving investors the first glimpse of future performance since the start of the coron...
Oct 29, 2020
Premium cars drive Volkswagen back to profit on China boost
By Nick Carey (Reuters) - Volkswagen AG returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the COVID-19 crisis. Th...
Oct 29, 2020
Exclusive: Major Chinese state banks seen swapping dollars for yuan in forward market – traders
SHANGHAI (Reuters) - China's major state-owned banks have been swapping U.S. dollars for yuan this week, traders said on Thursday, suggesting mainland monetary authorities are trying to rein in their ...
Oct 29, 2020
Banks roll out robots as pandemic shakes up IT plans
By Iain Withers and Anna Irrera LONDON (Reuters) - When banks were flooded with loan requests from businesses struggling with the fallout of the coronavirus pandemic, hastily built robots helped sever...
Oct 29, 2020
Too few companies disclose financial hit from climate change, regulator says
By Huw Jones LONDON (Reuters) - Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and ...
Oct 28, 2020
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