Mois : juillet 2019

() – U.S. insurer MetLife Inc (MET.N) on Wednesday reported quarterly profit that doubled from a year ago, boosted by strong derivative gains. FILE PHOTO: A MetLife Inc building is shown in Irvine, California, U.S., January 24, 2017. /Mike BlakeMetLife recorded $724 million in derivative gains in the second quarter, reflecting changes in equity markets […]

() – Wearable device maker Fitbit Inc (FIT.N) forecast third-quarter revenue below analysts’ estimates and lowered its 2019 sales outlook as the company expects weak smartwatch sales and lower average selling price. FILE PHOTO: Visitors walk past an advertising billboard for Fitbit Ionic watches at the IFA Electronics Show in Berlin, Germany, September 1, 2017. […]

() – Carlyle Group LP (CG.O) emulated its peers on Wednesday with plans to convert from a publicly traded partnership into a corporation, and went one step further by announcing it will become the first U.S. private equity firm to hold shareholder votes. FILE PHOTO: The logo of the Carlyle Group is displayed at the […]

OTTAWA () – The Conservative Party of Canada outpaced the governing Liberal party of Canada by C$3.5 million ($2.7 million) in second-quarter fundraising, financial returns showed on Wednesday, ahead of an October national election. FILE PHOTO: Conservative leader Andrew Scheer speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, […]

DETROIT () – Democratic presidential front-runner Joe Biden and rival Kamala Harris will stage a rematch of last month’s explosive debate confrontation during Round 2 on Wednesday, with a re-energized Biden promising a more aggressive approach. Democratic U.S. Presidential candidate Joe Biden addresses the audience during the Presidential candidate forum at the annual convention of […]

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. /Mike Segar/FilesNEW YORK () – JPMorgan Chase & Co (JPM.N), the largest U.S. bank by assets, lowered its prime rate for the first time in more than a decade on Wednesday, following […]

() – General Electric Co (GE.N) raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing’s grounded 737 MAX jetliner, puncturing an early share rally. The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. Picture taken July […]

NEW YORK () – Shares of smaller U.S. companies have gotten cheap over the past year, significantly lagging their large-cap counterparts, and could be poised for a turnaround following a highly anticipated interest-rate cut from the Federal Reserve. FILE PHOTO: Traders work on the main trading floor of New York Stock Exchange (NYSE) after the […]

FILE PHOTO – China Zhongwang Holdings Chairman Liu Zhongtian toasts during the debut of Zhongwang Holdings at the Hong Kong Stock Exchange May 8, 2009. /Bobby Yip/File PhotoWASHINGTON () – Liu Zhongtian, a Chinese billionaire and the founder of aluminum giant China Zhongwang Holdings Ltd (1333.HK), has been indicted by a U.S. federal grand jury […]

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2019. /Brendan McDermid/File PhotoNEW YORK () – Investors retreated from the U.S. stock market last week despite the benchmark S&P 500 reaching new record highs, pulling nearly $9.1 billion from mutual funds and exchange-traded funds […]

FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. /Feline Lim/File PhotoZURICH () – UBS Group will impose from November a negative interest rate of 0.75% on wealthy clients who deposit more than 2 million Swiss francs ($2.02 million) with its Swiss bank, it said on […]

LONDON () – Some trading and investment firms are calling for competition regulators to scrutinize London Stock Exchange’s (LSE.L) proposed $27 billion takeover of financial information provider Refinitiv to prevent further market data price hikes. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. /Toby […]

() – A hacker has stolen the personal information of over 100 million people from Capital One Financial Corp (COF.N), the company said this week, in the latest high-profile breach of sensitive consumer data. FILE PHOTO: The logo and ticker for Capital One are displayed on a screen on the floor of the New York […]

ADDIS ABABA () – Ethiopia’s parliament passed a bill on Wednesday to open up the country’s financial sector to an estimated five million of its citizens who have taken other nationalities, including allowing them to buy shares in local banks and start lending businesses. A client uses an automated teller machine (ATM) at the Commercial […]

LONDON () – Swiss stock volumes have soared this month to their highest in years as a ban on trading on euro zone platforms forced market participants onto the domestic exchange, upending trade flows in Europe while a row between Brussels and Bern rumbles on. FILE PHOTO: A long exposure shows traffic flowing past the […]

NEW YORK/WASHINGTON () – A decision by the Federal Reserve to cut interest rates may do little at this point to cut some of the costs that matter to many U.S. consumers. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. /Leah Millis/File PhotoFrom mortgages to credit […]

FILE PHOTO: The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. /Brendan McDermid() – BlackRock Inc, the world’s largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic […]

MILAN () – Italy’s biggest retail bank Intesa Sanpaolo (ISP.MI) has clinched a deal with U.S. hedge fund Davidson Kempner over 10 billion euros ($11 billion) in problem loans, moving closer to a 2021 target of cutting soured debts to 6% of total lending. FILE PHOTO: Intesa Sanpaolo bank logo is seen at the headquarters […]

() – General Electric Co’s oilfield services arm, Baker Hughes, reported a better-than-expected profit, helped by higher LNG markets activity and a rise in international demand for oilfield services, sending its shares up more than 5%. FILE PHOTO: A screen displays the logo for Baker Hughes on the floor at the New York Stock Exchange […]

() – General Electric Co (GE.N) raised its 2019 forecast on Wednesday, helped by improvement in its industrial businesses, even as its latest earnings dipped into the red after two profitable quarters, sending shares up 3 percent in premarket trading. The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, […]