July 31, 2014 2:30 pm
BNP Paribas SA, Frances largest listed bank, posted its second ever quarterly net loss today, reflecting a record US fine, to which BNP agreed earlier this year. The French lender is the latest in a number of banks to report the impact of US justice on their performance. Revenue for the second quarter of 2014 […]
Read moreJuly 31, 2014 12:37 pm
Gold futures declined during midday trade in Europe today, while silver added, as investors await the key report on US payrolls tomorrow. The US dollar continued upwards, hovering near a one-year peak. Meanwhile, copper futures were also higher, boosted by the US GDP figure from Wednesday. Gold futures due in December traded at $1 294.7 […]
Read moreJuly 31, 2014 11:24 am
Sony Corp. posted quarterly earnings today, revealing income was significantly boosted by its bestseller PlayStation 4 gaming console. Successful movies also added to revenue, while the company still projected a net loss through years end. Revenue for the three months ended June 30 were logged at ¥1.809 trillion (about $17.74 billion), up 5.8% on an […]
Read moreJuly 31, 2014 8:57 am
Gold futures were steady during early trade in Europe today, after a drop on Wednesday. The US dollar was supported by the Fed remaining on track with a cut in monetary stimulus. Meanwhile, the conflicts in Iraq and Gaza continued offering background support. Gold futures due in December traded at $1 297.3 per troy ounce […]
Read moreJuly 31, 2014 7:53 am
Samsung Electronics Co Ltd, the worlds largest smartphone manufacturer, posted Q2 earnings today, revealing a slump in sales and profit for its phone division, dragging the overall performance down, despite a significant improvement for other units. The South Korean giant reported the worst net profit in two years at 6.25 trillion won (about $6.1 billion), […]
Read moreJuly 30, 2014 2:49 pm
Carlyle Group LP, the world’s second-largest investment manager, posted Q2 earnings today, to reveal it has doubled income on an annual basis and has gained value in assets, despite big sales. The company logged a net income of $318 million, up 103.84% from a year ago, as a stock market rally allowed for a profitable […]
Read moreJuly 30, 2014 1:42 pm
Gold futures were pressured during midday trade in Europe today, while silver steadied, after the US posted a better-than-expected advanced GDP reading. Meanwhile, copper futures were higher, boosted by the preliminary GDP figure. Gold futures for August settlement stood at $1 295.3 per troy ounce at 13:36 GMT in New York today, down 0.22%. Prices […]
Read moreJuly 30, 2014 1:02 pm
Barclays PLC posted earnings today, to reveal mixed results, with a decline in total income and a swing back to profit. Legal matters weighed, however, with the bank setting aside £900 million for compensations. The British lender made a net profit of £161 million ($272.1 million) for the three months to June 30, compared with […]
Read moreJuly 30, 2014 10:00 am
Wheat futures stood higher during early trade in Europe today, after reaching a four-year bottom on Tuesday. Beans and corn were lower, as harvest projections and improving US weather boosted bearish sentiment. Weather reports project a week of limited rainfall for the Midwest, which should not affect crops too much, as temperatures remain near-to-below normal, […]
Read moreJuly 30, 2014 9:20 am
Twitter Inc shares gained as much as 35% in after-hours trading, after the company revealed significant growth in both active user base and revenue. A sizable net loss was reported, however, raising some concerns for the San Francisco-based company. The report on Q2 earnings, released late on Tuesday, logged revenue of $312 million, up 124% […]
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