JPMorgan's profits jump as economy, investment bank recovers
REUTERS: JPMorgan Chase & Co reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest U.S. bank's lending business. Net income rose to US$12.1 billion, or US$3.79 per share, in the ......
SINGAPORE: A new concept store opening at the end of this month will take over two floors of retail space vacated by Robinsons at Raffles City Shopping Mall. One Assembly, a “creative collaboration” with department store BHG, will feature beauty, fashion, home and living offerings at Level 1 and 2 ......
BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc.
LONDON: Britain's economy shrank in November as it went into a new lockdown, but the decline was smaller than expected as businesses adjusted to social distancing and schools remained open, making a double-dip recession less likely. The 2.6 per cent monthly decline in Friday's (Jan 15) official ...
BEIJING: China's banking and insurance regulator on Friday banned commercial banks from using third-party internet platforms to sell deposit products, including those relating to fixed-term deposits. The move is designed to avoid spillover financial risks brought by the rapid development of ...
Pension fund managers and religious investors on Friday asked top social media companies to step up their content control efforts to reduce the threat of violence ahead of the inauguration of U.S. President-elect Joe Biden next week.
A German court in Braunschweig, Germany, said on Friday it had halted criminal proceedings against former Volkswagen CEO Martin Winterkorn for alleged market manipulation as part of the carmaker's emissions scandal.
SINGAPORE: Food manufacturers, start-ups and researchers looking to develop and test plant-based food products can turn to a new facility in Woodlands which will open in April. The facility is jointly set up by Swiss companies Buhler, which is a factory equipment manufacturer, and flavour and ...
Finance Minister Bruno Le Maire strongly reaffirmed France's opposition to French retailer Carrefour possibly being taken over by Canada's Alimentation Couche-Tard on Friday, sending Carrefour's shares down 4.5per cent.
