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JPMorgan beats estimates on trading boost, but loan losses loom

JPMorgan Chase & Co beat Wall Street estimates for profit in the second quarter due to a surge in trading...
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Business News

Citigroup quarterly profit tumbles 73% as loan loss provisions surge

Citigroup Inc reported a nearly 73 per cent plunge in quarterly profit on Tuesday as the bank set aside US$5.6...
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Business News

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

LONDON: Prime Minister Boris Johnson on Tuesday (Jul 14) ordered Huawei equipment to be purged completely from Britain's 5G network...
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Business News

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

U.S. consumer prices rebounded in June after three straight monthly declines as businesses reopened, but the underlying trend suggested inflation...
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Business News

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

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

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

Finnish telecom gear maker Nokia is ready to replace Huawei equipment in Britain, the head of Nokia Britain said on...
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News Sports

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

REUTERS: Tiger Woods makes his long-awaited return to competitive golf at the Memorial Tournament in Dublin, Ohio this week and...
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Business News

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

Thailand's Advanced Info Service Pcl said on Tuesday Huawei Technologies is among five companies tendering to build its 5G core...
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News Sports

Blades boss Wilder unconcerned by top-four talks

Sheffield United will not be distracted by talks of securing a top-four finish, with their attention focused solely on Thursday's...
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News Sports

Briton Varnish loses employment tribunal appeal

Former British cyclist Jess Varnish's employment tribunal appeal against the sport's national governing body has been dismissed, it was announced...
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News Sports

Bournemouth boss Howe believes result possible at City

Bournemouth manager Eddie Howe believes his relegation-threatened side can pull off a shock and get something out of Wednesday's daunting...
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Business Entertainment News

TikTok’s US users prepare for life without the video app

Ty Gibson, 20, of Greensboro, North Carolina, brushed off speculation last week on TikTok that his favorite video sharing platform...
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Business News

Singapore’s Q2 GDP expected to be slightly less grim when June reopening is taken into account: Economists

SINGAPORE: Singapore's grim gross domestic product (GDP) for the April to June period could see a slight upward revision when...
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News Sports

Tokyo Games liked to be pared down, says JOC chief

The rearranged Tokyo Olympics are likely to be a pared-down version of recent editions of the four-yearly Games, Japanese Olympic...
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News Sports

Newcastle captain Lascelles doubtful for Spurs game

Newcastle United could be without captain Jamaal Lascelles for their Premier League game at Tottenham Hotspur on Wednesday due to...
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Healthcare News

Indian IT hub Bangalore locks down again

BANGALORE: India's IT hub Bangalore will go back into lockdown Tuesday (Jul 14) as the number of coronavirus cases in...
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Business News

Delta trims August flights amid resurgent virus, CEO says demand ‘at a stall’

Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery...
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Business News

China eases Macau’s COVID-19 border restrictions, shares in casino operators jump

HONG KONG: China has loosened coronavirus-related border restrictions between Macau and the neighbouring coastal province of Guangdong, sending shares of...
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Business News

China to sanction Lockheed Martin over Taiwan arms sale

BEIJING: China will put sanctions on Lockheed Martin for involvement in the latest US arms sale to Chinese-claimed Taiwan, China...
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Business News

Chongqing city district says it discussed projects with Tesla

U.S. automaker Tesla Inc has met with officials from a district in the city of Chongqing in southwestern China to...
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