NatWest Group plunged into the red in the first half of the year after setting aside a fresh 2.1 billion pound ($2.76 billion) provision against a potential surge in loan losses due to the COVID-19 pandemic.
The euro zone economy contracted by 12.1% in the second quarter of 2020, compared to the first three months of the year, according to preliminary data from the region's statistics office.
Data released Thursday by the U.S. government showed GDP dropping 32.9% in the second quarter — the worst drop ever, with the closest previously coming in mid-1921.
LSE said that it had begun "exploratory discussions" which could result in MTS, Borsa Italiana's bond trading platform, or its entire Italian arm being sold.
As air carriers worldwide are caught in a "race against time" while trying to stay afloat as global travel is nearly completely wiped out, Singapore Airlines appears to be better positioned than its peers, says Brendan Sobie of Sobie Aviation.
Apple CEO Tim Cook said that services revenue set a new June quarter record in China. Chief Financial Officer Luca Maestri added that iPad also set a June quarter revenue record in Greater China.
Stricter social-distancing measures imposed after a flare up in coronavirus cases will dampen prospects of an economic recovery in Hong Kong, some economists said.
Most economists, including those at the White House, have been expecting that the brutal numbers would turn around in the third quarter. Those expectations are being tempered.