Category Archives:
Huntington Bancshares profit drops 8% as interest income declines
(Reuters) - Huntington Bancshares posted an 8% drop in third-quarter profit on Friday, as the lender's income from interest on loans declined. U.S. banks are beginning to see the boost from rising ben...
Oct 20, 2023
Moscow tells officials to buy Russian Ladas, Chinese cars
(Reuters) - Russia's government on Friday published a list of domestically-produced cars that state officials should buy, all either Russian or Chinese brands, highlighting Beijing's infiltration of R...
Oct 20, 2023
Analysis-US chip curbs give Huawei a chance to fill the Nvidia void in China
By Josh Ye HONG KONG (Reuters) - U.S. measures to limit the export of advanced artificial intelligence (AI) chips to China may create an opening for Huawei Technologies to expand in its $7 billion hom...
Oct 20, 2023
China revamps debt appraisal framework for Belt and Road programme
By Joe Cash BEIJING (Reuters) - China adjusted its framework for weighing debt sustainability of countries in its Belt and Road Initiative, beefing up criteria to assess the economic growth of borrowe...
Oct 20, 2023
Regions Financial sees fall in Q4 interest income, misses profit estimate
(Reuters) - Regions Financial said on Friday it expects its fourth-quarter net interest income (NII) to decline about 5% compared with the preceding three months, as banks pay more to retain deposits,...
Oct 20, 2023
AmEx’s third-quarter profit beats estimates on buoyant spending
(Reuters) -Credit card giant American Express on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about an...
Oct 20, 2023
Heirs to keep some of Berlusconi’s art hoard from TV shopping shows
By Elvira Pollina and Angelo Amante MILAN (Reuters) - The heirs of former Italian leader Silvio Berlusconi will keep some of the thousands of artworks he amassed largely from TV shopping channels, a f...
Oct 20, 2023
EV maker VinFast strikes shares deal with Yorkville for up to $1.0 billion
HANOI (Reuters) - Vietnamese electric vehicle (EV) maker VinFast said on Friday it has entered into a share subscription of up to $1 billion with U.S.-based fund Yorkville Advisors as it seeks to fund...
Oct 20, 2023
Malaysia PM proposes free trade pact between ASEAN, Gulf council
KUALA LUMPUR (Reuters) - Malaysia is proposing the creation of a free trade agreement between the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) its premier said...
Oct 20, 2023
Marketmind: Bond squeeze abates as Middle East war in focus
A look at the day ahead in U.S. and global markets from Mike Dolan After a hectic week deciphering a blizzard of economic and corporate updates and a bruising bond yield surge, world markets turn thei...
Oct 20, 2023
Peoria, IL, USA
50 °F Partly cloudy
