Citi profit climbs on investment banking surge, services strength
Citigroup’s profit rose in the second quarter, boosted by a 60% jump in investment banking revenue and gains in its…
FMC Defers Approval of Maersk-Hapag Cooperation for Competitive Review
The U.S. Federal Maritime Commission on Friday, July 12, reported that it is deferring its review and approval of the…
German wholesale prices fall 0.6% in June
German wholesale prices fell by 0.6% in June compared with the same month last year, according to data released by…
JPMorgan beats profit estimates on investment banking boost
JPMorgan Chase JPM.N beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in…
US companies head into earnings facing high expectations
U.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates…
The Bank of England’s game of two halves
The half-time review We made three calls in our 2024 outlook – that inflation would return to the 2% target…
Natural disasters in China caused $13 bln economic loss in January-June
Natural disasters in China resulted in 93.16 billion yuan ($12.83 billion) worth of direct economic loss in the first half…
Fading passive equity bias rumbling in US pension savings
While investors are still scrambling to get on board the shiniest new mega-trends and what seems like a runaway stock…
Japan steps up yen warnings, data suggest intervention
Japan’s top currency diplomat said on Friday authorities would take action as needed in the foreign exchange market, resuming his…
FMC wants Maersk, Hapag-Lloyd to provide more details on Gemini alliance
The US maritime regulator said the initial information the two carriers filed with the agency about the operational partnership “lacks…