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India’s HDFC Bank’s April-June Profit Rises 19% On Year
India's largest private lender, HDFC Bank Ltd said its net profit for the three months to June rose 19% from the…
Wells Fargo Profit Slumps On Higher Loan Loss Reserves, Mortgage Weakness
Wells Fargo & Co said on Friday its second-quarter profit nearly halved as the bank set aside more funds to…
China Steps Up Loan-Support Efforts To Developers Amid Mortgage Boycott
Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects; as…
New Zealand’s Inflation Hits 3-Decade High, Raising Bets On Sharper Rate…
New Zealand's consumer prices rose at their fastest pace in three decades; beating forecasts and raising the…
Deliveroo Slashes Revenue Outlook On Deteriorating UK Economy
British food delivery company Deliveroo slashed its full-year revenue guidance, blaming a worsening economic…
Russian McDonald’s Runs Short Of French Fries
Former McDonald’s restaurants in Russia are facing a shortage of French fries due to a poor harvest and Western…
IMF, World Bank Group Announces Dates For 2022 Annual Meetings
According to a joint statement by the IMF and World Bank Group, the date for the 2022 Annual Meetings has been…
Ericsson’s $6.2 bln Vonage Takeover Gets U.S. Clearance
Telecom firm Ericsson (ERICb.ST) has received clearance from the U.S. national security panel to complete a…
Dollar Catches Breath As Fed Officials Leave Market Pondering Over Rates Path.
The dollar hovered below a near two-decade high in Asian trading, having slipped overnight. After two Federal…
Stocks Stumble, Dollar Steadfast As Weak China Hardens Growth Worries
Asian stocks hit a two-year low on Friday and were heading for a weekly loss; while it set the dollar for its…
Stocks Stumble As China Slowdown Rattles Investors
Asian stocks fell to a two-year low and were heading for a weekly loss; while they set the dollar for its third…
Alibaba Shares Fall On Report Of China Probe Over Data Theft.
Shares in Alibaba Group Holdings Ltd (9988.HK) fell 5.7% after the Wall Street Journal reported that the Chinese…
Handelsbanken’s Q2 Profit Misses Forecasts On Hedging Loss
Swedish bank Handelsbanken reported its second-quarter profit well below forecasts; after a downturn in capital…
Uniqlo Owner’s Shares Reach 2022 High On Profit Forecast, Yen.
Fast Retailing shares surged to the highest level this year in Tokyo trading after the owner of clothing brand…
Morgan Stanley Profit Slumps 30% As Deals Stall, Recession Risks Rise.
Morgan Stanley's second-quarter profit slumped 30%, it reported, falling short of analysts' estimates for the…
China C.Bank Keeps Medium-Term Policy Rate Unchanged For A Sixth Month
China's central bank stood pat on its medium-term policy rate for a sixth straight month; as expected, with…
Deutsche Bank’s International Private Bank hires 4 bankers in Americas
Deutsche Bank's International Private Bank hired four bankers in the Americas, according to an internal memo seen…
China’s Economy Brakes Sharply In Q2, Global Risks Darken Outlook
China's economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from…
Chocolate Factory To Restart Production After Salmonella Scare – Barry…
Barry Callebaut said that it would restart the first chocolate production lines as of early August; at its factory…
UK Lenders Expect Biggest Fall In Mortgage Demand Since Q2 2020
British lenders expect the biggest fall in demand for mortgages since mid-2020 during the three months to the end…
More Than 500 Women Sued Uber Over Sexual Assault Claims
Uber is being sued by more than 500 women who claim they were assaulted by drivers who use the ride-hailing…
US Inflation Rate Jumps To 9.1% — Highest In Almost 41 Years.
The annual inflation rate of the United States reached 9.1% in June, the highest rate in almost 41 years.The…
Japan’s Machinery Orders Fall For First Time In 3 Months.
Japan's core machinery orders slipped for the first time in three months in May. Hurting hopes that a pickup in…
Asian Firms May Struggle To Refinance Dollar Debt, Ratio Suggests
Asian companies are likely to find it harder to refinance dollar-denominated debt. The decline in a key metric…
Shell Invests $38 Million In Carbon Credit Projects In Brazil.
Shell (SHEL.L) said it has invested 200 million reais ($38.07 million) into a Brazilian preservation-focused…
China Industry Body Cuts 2022 Auto Sales Growth Forecast To 3%
China's automobile industry association downgraded its 27022 sales forecast; as anti-pandemic measures weighed on…
Bank Of Korea To Hike Rates By Historic 50 Bps
South Korea's central bank will deliver its first-ever 50 basis point rate rise to 2.25%; turning up the heat on a…
Brazil’s Itau To Buy 35% Stake In Broker Avenue For $92 Mln, Eyes Control…
Brazil's largest private lender Itau Unibanco Holding SA (ITUB4.SA) has agreed to acquire control of Avenue; a…
Essity Buys 80% Of Canada’s Knix Wear For $313 Million
Sweden's Essity on Friday said it had agreed to buy 80% of Canadian company Knix Wear. A maker of leakproof…
Euro At The Verge Of Breaching Parity, Stocks Slide Again
The euro has been particularly vulnerable given the impact of an ongoing spike in natural gas prices on the…