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SocGen boosts first-quarter income but costs of Ukraine war rise

French lender Societe Generale (SOGN.PA) beat first-quarter earnings expectations on Thursday but booked higher provisions for loans turning bad as the economic…

4 years ago

Apple sees bigger supply problems after strong start to year

Apple Inc (AAPL.O) on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents…

4 years ago

Analysis: Wealth shock – property bust in small Chinese cities rattles households

Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth…

4 years ago

JPMorgan’s Dimon warns of possible $1 billion Russia loss

JPMorgan (JPM.N) could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of…

4 years ago

Indonesia to impose VAT, income tax on crypto assets from May

Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such…

4 years ago

Bank of Japan ramps up battle to defend yield cap even as weakening yen raises economic risk

The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited…

4 years ago

EXCLUSIVE Dutch bank ING ends financing for new oil and gas projects

ING Groep NV (INGA.AS) will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet…

4 years ago

UniCredit considers quitting Russia as markets watch for sovereign debt payment

UniCredit (CRDI.MI) is urgently reviewing its Russian business and could decide on a costly exit of the country after its invasion of…

4 years ago

Deutsche Bank faces questions over plan to stay in Russia

Deutsche Bank (DBKGn.DE) faced criticism on Friday for its continued ties to Russia after saying that leaving would go against its values,…

4 years ago

Alibaba reports slowest revenue growth since going public as competition bites

Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), reported on Thursday its slowest quarterly revenue growth since going public in 2014,…

4 years ago
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