JPMorgan beats estimates on trading boost, but loan losses loom

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JPMorgan Chase & Co beat Wall Street estimates for profit in the second quarter due to a surge in trading revenue, while it set aside...

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Business News

Citigroup quarterly profit tumbles 73% as loan loss provisions surge

July 14, 2020July 14, 2020

[caption id="attachment_5652" align="alignnone" width="950"] FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015....

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Business News

UK bans China’s Huawei from 5G networks, handing US big win

July 14, 2020July 14, 2020

[caption id="attachment_5618" align="alignnone" width="946"] Huawei logo is pictured on the headquarters building in Reading, Britain Jul 14, 2020. [/caption] LONDON: Prime Minister Boris Johnson on...

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Business News

Gasoline powers US inflation; rising COVID-19 cases seen tamping down demand

July 14, 2020July 14, 2020

U.S. consumer prices rebounded in June after three straight monthly declines as businesses reopened, but the underlying trend suggested inflation would remain muted and allow...

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Business News

Wells Fargo swings to US$2.4 billion loss as pandemic bites

July 14, 2020July 14, 2020

Wells Fargo & Co swung to a loss in the second quarter after setting aside US$9.5 billion to cover potential loan losses due to the...

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Business News

Nokia says ready to replace Huawei in UK ‘at scale and speed’

July 14, 2020July 14, 2020

Finnish telecom gear maker Nokia is ready to replace Huawei equipment in Britain, the head of Nokia Britain said on Tuesday following the UK's decision...

Read Time:2 Minute, 46 Second

News Sports

Golf: No roars as Tiger makes return to sounds of silence

July 14, 2020July 15, 2020

[caption id="attachment_5774" align="alignnone" width="943"] FILE PHOTO: Golf - The 148th Open Championship - Royal Portrush Golf Club, Portrush, Northern Ireland - July 19, 2019 Tiger...

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Business News

Thailand’s AIS says Huawei among five companies tendering to build 5G core networks

July 14, 2020July 14, 2020

Thailand's Advanced Info Service Pcl said on Tuesday Huawei Technologies is among five companies tendering to build its 5G core networks. [caption id="attachment_5634" align="alignnone" width="934"]...

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News Sports

Blades boss Wilder unconcerned by top-four talks

July 14, 2020July 14, 2020

Sheffield United will not be distracted by talks of securing a top-four finish, with their attention focused solely on Thursday's Premier League clash against Leicester...

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News Sports

Briton Varnish loses employment tribunal appeal

July 14, 2020July 14, 2020

Former British cyclist Jess Varnish's employment tribunal appeal against the sport's national governing body has been dismissed, it was announced on Tuesday. [caption id="attachment_5577" align="alignnone"...