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Stocks wobble on trade, earnings unease; U.S. Treasury yields fall

5 days ago DieselGasoil Comments Off on Stocks wobble on trade, earnings unease; U.S. Treasury yields fall
TOKYO (Reuters) – Asian shares edged lower on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Read More

Asian stocks wobble, bond yields fall on earnings woes, trade worries

5 days ago DieselGasoil Comments Off on Asian stocks wobble, bond yields fall on earnings woes, trade worries
TOKYO (Reuters) – Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, helping to underpin solid demand for safe-haven U.S. Treasuries. A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Kato Read More

Bank of America trims net interest income guidance

5 days ago DieselGasoil Comments Off on Bank of America trims net interest income guidance
(Reuters) – Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January Read More

Bank of America profit beats as healthy economy fuels loan growth

6 days ago DieselGasoil Comments Off on Bank of America profit beats as healthy economy fuels loan growth
(Reuters) – Bank of America Corp beat estimates for quarterly profit on Wednesday, as the United States’ second-largest lender’s loan book benefited from a healthy domestic economy. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri Consumer banking has held up Read More

Wells Fargo posts higher profit on cost controls, rise in loans

6 days ago DieselGasoil Comments Off on Wells Fargo posts higher profit on cost controls, rise in loans
(Reuters) – Wells Fargo & Co (WFC.N) reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from aggressive cost-cutting. FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo Revenue declined at Wells’ community bank and wholesale bank as net interest Read More

Experian’s quarterly revenue rises 4% on North America boost

7 days ago DieselGasoil Comments Off on Experian’s quarterly revenue rises 4% on North America boost
FILE PHOTO: The corporate logo of information services company Experian is seen at the opening of its data lab in San Diego, California April 12, 2016. REUTERS/Mike Blake/File Photo (Reuters) – Experian, the world’s biggest credit data company, reported a 4% rise in revenue on Tuesday, benefiting from higher business across automotive, health, business credit Read More

Nomura pays $26.5 million to settle U.S. charges over traders’ lies about bond prices

1 week ago DieselGasoil Comments Off on Nomura pays $26.5 million to settle U.S. charges over traders’ lies about bond prices
NEW YORK (Reuters) – Nomura Holdings Inc will pay $26.5 million to settle U.S. Securities and Exchange Commission charges that it failed to properly supervise five former traders who lied to customers about mortgage bond prices. FILE PHOTO: Investors stand in front of a screen showing the logo of Nomura Holdings in Tokyo, Japan, December Read More

Wall Street banks bailing on troubled U.S. farm sector

2 weeks ago DieselGasoil Comments Off on Wall Street banks bailing on troubled U.S. farm sector
CHICAGO/WASHINGTON (Reuters) – In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector. A dairy cow is seen grazing at the family farm, God Green Acres in Mayville, Wisconsin, U.S., June 24, 2019. Picture taken Read More

Fed easing could prompt first China rate cut in four years – analysts

2 weeks ago DieselGasoil Comments Off on Fed easing could prompt first China rate cut in four years – analysts
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. FILE PHOTO: A Chinese national flag flutters outside the headquarters of Read More

U.S. Fed easing could prompt first China rate cut in four years – analysts

2 weeks ago DieselGasoil Comments Off on U.S. Fed easing could prompt first China rate cut in four years – analysts
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. FILE PHOTO: A Chinese national flag flutters outside the headquarters of Read More