Russia's second-largest lender VTB said on Friday its second-quarter net profit fell 93% as provisions against bad loans mounted amid the coronavirus crisis, prompting management of the state-run bank to recommend slashing dividends.
China's new bank loans are expected to fall in July after record lending in the first half of the year, but are still likely to be higher than a year earlier, amid sustained policy support to get the economy on a solid footing after the coronavirus.
The incoming chief of Japanâs Financial Services Agency (FSA) has expressed reluctance to soften rules governing cryptocurrencies.
As Reuter's reported on Wednesday, commissioner Ryozo Himino, said the regulator was not considering taking âspecial stepsâ to promote cryptocurrency trading.
Himino became the head of the FSA in July when he replaced the previous commissioner Toshihide Endo.
Deregulating crypto, he said, would not necessarily advance technical innovation, but could increase âspeculativeâ trading.
Instead, Japan should focus on the viability of a central bank digital currency (CBDC) to which the countryâs central bank, the Bank of Japan, is currently exploring.
In undertaking a CBDC, Japan would need to think âreally hardâ about whether to issue a digital currency based on the âmerits and demeritsâ in doing so, he said.
The coronavirus pandemic, the commissioner said, might prompt the faster arrival of a cashless society.
The board of MasMovil, the Spanish telecoms group, has issued a favourable opinion of a takeover bid by a trio of private equity funds and said it had looked for other potential buyers but no firm bid had emerged.
USD/TRY broke May's 7.2690 peak for a record high 7.3175 Thursday, with an extension to 7.3300 so far Friday, and derivatives markets suggest it can go higher.
Trading in London-listed shares was subdued on Friday as rising COVID-19 cases and U.S.-China tensions dented sentiment at the end of a week marked by largely upbeat quarterly earnings and improving economic data.
A Chinese court said on Friday it had sentenced a Canadian to death for transporting and manufacturing drugs, the second Canadian in two days to receive a death penalty for drugs and fourth since Canada detained a top Huawei executive in 2018.
Japanese shares ended lower on Friday as Sino-U.S. tensions heightened following a U.S. ban on transactions with China's tech firms, while a raft of lacklustre domestic earnings and caution ahead of key U.S. jobs data also weighed.
Trading in London-listed shares was subdued on Friday as rising COVID-19 cases and U.S.-China tensions dented sentiment at the end of a week marked by largely upbeat quarterly earnings and improving economic data.
Italy's second largest insurer UnipolSai said on Friday it maintained its full-year targets after a 49% rise in first-half earnings helped by declining motor claims during the lockdown.
(RTTNews) - Mitsubishi Estate Co., Ltd. (MITEY.PK) reported that its first quarter profit to owners of parent increased 10.8 percent year-on-year to 29.26 billion yen. Earnings per share was 21.86 yen compared to 19.06 yen. Operating income was 54.23 billion yen, an increase of
European shares slipped on Friday after their Asian peers were hit by a further escalation in U.S.-China tensions, but an upbeat earnings season and hopes of more stimulus kept most regional indexes on course for weekly gains.
British asset manager Standard Life Aberdeen's pre-tax profit fell 30% to 195 million pounds ($256.02 million) in the first half due to the impact of the coronavirus pandemic and the withdrawal of assets by a large client, it said on Friday.
UK property website Rightmove Plc reported a lower first-half operating profit on Friday, as it slashed advertising rates for property agents hammered by an extended halt to property deals due to coronavirus lockdowns.
The South African central bank further cut its government bond purchases in July, buying 2.5 billion rand ($142 million) worth, or half the amount it bought in June, to bring its total holdings to 38.4 billion rand, data showed on Friday.
Hikma Pharmaceuticals Plc raised the annual sales outlook for two of its biggest divisions on Friday and reported higher first-half profit, as hospitals and distributors stocked up on critical medicines during the COVID-19 pandemic.
Japan's Government Pension Investment Fund (GPIF) said on Friday it earned a first-quarter investment return of 12.49 trillion yen ($118.4 billion) as global stock markets rallied, following its record quarterly investment loss in the previous quarter.
Oil prices dipped on Friday, adding to losses from the previous session, on worries that fuel demand recovery will slow amid a resurgence of coronavirus cases and as talks have stalled in the United States on a new stimulus deal.
Overall export demand, especially from China, helped Germany's manufacturers recover from the shock of the coronavirus lockdown for the second month running in June, though output was still well below the level of a year ago.
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