HSBC first-quarter profit halves as it beefs up bad loan provisions due to the pandemic
HSBC Holdings PLC’s on Tuesday warned of more earnings pain to come after first-quarter profit nearly halved as it boosted provisions against bad loans expected...
Novartis sales, profit rise amid coronavirus as drugmaker confirms 2020 outlook
Swiss drugmaker Novartis boosted first-quarter sales and profit and confirmed its 2020 targets as its generics unit’s sales were lifted during the coronavirus epidemic without...
German government agrees rescue package worth 9 billion euros for Lufthansa: Business insider
The German government has agreed to help airline Lufthansa with a rescue package worth around 9 billion euros ($9.74 billion) in return for a blocking...
Oil prices dive as world runs low on storage capacity while demand plunges
Oil prices slumped again on Tuesday amid concern about dwindling crude storage capacity worldwide and fears that fuel demand may only recover slowly once countries...
With virus war still raging, Fed peers out of the foxhole
The Federal Reserve has two core jobs assigned by Congress: Foster maximum employment and stable prices....
UBS posts 40% first-quarter net profit rise as transaction levels jump
The world’s largest wealth manager, UBS , reported a 40% increase in first-quarter net profit on Tuesday, as clients upped trading activity during market turmoil...
HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis
HSBC Holdings PLC’s first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide....
HSBC first-quarter profit slides 48% on coronavirus crisis, misses forecasts
HSBC Holdings PLC’s first-quarter profit tumbled a worse-than-expected 48% after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide....
Asian shares fall on fresh rout in crude prices
Asian shares and U.S. stock futures dipped into the red on Tuesday, erasing earlier gains as a renewed decline in oil prices overshadowed optimism about...
Oil prices tumble as world’s storage tanks fill up amid demand shock
Oil prices slumped on Tuesday, extending the previous session’s slide, on worries about limited capacity to store crude worldwide and expectations that fuel demand may...