Business News
Wells Fargo profit falls 12 percent
Wells Fargo & Co on Friday posted a 12 percent decline in second-quarter profit, as loans fell and expenses rose.
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Business News
JPMorgan profit beats on better-than-expected trading, loan growth
JPMorgan Chase & Co’s quarterly profit topped Wall Street’s expectations on Friday, as trading revenue came in much higher than expected and demand for loans increased on the back of a strengthening U.S. economy.
Business News
British regulator sets 14 pound floor under Sky shares
Britain’s takeover regulator has decided that Disney must offer 14 pounds a share for Sky if it succeeds in buying Rupert Murdoch’s Twenty-First Century Fox , in a key ruling in the takeover battle for the broadcaster.
Business News
Stock futures flat as JP Morgan kicks off earnings season
U.S. stock index futures were little changed on Friday as robust results from JP Morgan aided sentiment at a time of continuing fear over the trade conflict between the United States and China.
Business News
Trump praises strong relationship with UK’s May after damning her Brexit plan
President Donald Trump said on Friday he had a very strong relationship with British Prime Minister Theresa May, having earlier scorned her Brexit strategy which he said had probably killed off hope for a future U.S.-British trade deal.
Business News
JPMorgan profit beats on higher trading revenue, loan growth
JPMorgan Chase & Co’s quarterly profit topped Wall Street’s expectations on Friday, driven by much higher-than-expected trading revenue and increased loan demand.
Business News
Factbox: U.S. President Trump’s views on UK’s May, Brexit
U.S President Donald Trump delivered a withering verdict on British Prime Minister Theresa May’s Brexit strategy, criticized the London mayor and tipped a minister who resigned this week as a future leader in an newspaper interview published on Friday.
Business News
U.S. President Trump says relationship with UK is very, very strong
After publicly criticizing British Prime Minister Theresa May’s Brexit strategy, U.S. President Donald Trump said on Friday that the relationship was “very, very strong.”
Business News
JPMorgan reports 18.3 percent rise in profit
JPMorgan Chase & Co reported an 18.3 percent rise in quarterly profit on Friday, helped by tax gains, a rise in interest rates and higher trading revenue.
Business News
Trump says he and May ‘probably never developed a better relationship’
U.S President Donald Trump said on Friday he and British Prime Minister Theresa May had “probably never developed a better relationship” than during a dinner on Thursday.
Business News
UK PM May has good relationship with Trump, confident of trade deal: spokeswoman
British Prime Minister Theresa May has a good relationship with Donald Trump and is confident a trade deal can be agreed with the United States after the president criticized her Brexit plans in an interview, her spokeswoman said.
Business News
Late HNA chairman’s stake in conglomerate to go to China-based charity: source
Late HNA Group Co Ltd co-chairman Wang Jian’s 14.98 percent stake in the conglomerate will be donated to a China-based charity foundation that is already among its top shareholders, said a person with direct knowledge of the matter.
Business News
Global stocks rally before earnings, trade war jolt boosts dollar
World stocks rose for a second consecutive week on Friday as investors prepared for an expected run of strong earnings in the United States, although fears about the U.S.-China trade conflict kept gains in check and pushed the dollar higher.
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Trump says May’s Brexit plan kills hope of a U.S. trade deal
President Donald Trump directly criticized Prime Minister Theresa May’s Brexit strategy, saying it had probably killed off hope of a U.S.-British trade deal and that she had failed to take his advice on how to negotiate with the European Union. In an interview published just hours before he was due to have lunch with May and tea with Queen Elizabeth on Friday, Trump chided the “very unfortunate” results of the prime minister’s Brexit negotiation. “If they do a deal like that, we would be dealing with the European Union instead of dealing with the UK, so it will …read more […]
Business News
Snarling orange ‘Trump baby’ blimp flies outside British parliament
Opponents of Donald Trump flew a six-meter blimp depicting the U.S. president as an orange, snarling nappy-wearing baby just outside the British parliament on Friday.