Frankfurt / AFP Troubled German lender Deutsche Bank reported on Thursday a surprise profit in the third quarter, confounding expectations of further expensive legal pain for the Frankfurt institution. “We continued to make good progress on restructuring the bank,” chief executive John Cryan said in a statement. “The results for the quarter demonstrate well the strengths of our operating ...
Read More »Barclays posts 35% jump in profit
Bloomberg Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. The results may help Chief Executive Officer Jes ...
Read More »NAB posts better than expected FY profit
Bloomberg National Australia Bank Ltd., the nation’s third-largest by assets, posted a 4 percent increase in full-year cash earnings on its domestic banking and wealth management businesses. Unaudited cash profit, which excludes one-time items, rose to A$6.48 billion ($4.96 billion) in the year ended Sept. 30, from A$5.84 billion a year earlier, the Melbourne-based lender said on Thursday in ...
Read More »Lloyds to maintain lending margins
Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, said it expects to maintain lending margins next year and reassured investors on its outlook for dividends. The bank’s net interest margin should hold steady around 2.7 percent in 2017 even as the Bank of England keeps interest rates at record-low levels, and the firm will generate enough capital to ...
Read More »Nomura profit jumps 31%, beating estimates on trading income
Bloomberg Nomura Holdings Inc.’s second-quarter profit jumped 31 percent, beating analysts’ estimates as a surge in trading income made up for a slump in brokerage commissions and investment banking. Net income climbed to 61.2 billion yen ($585 million) in the three months ended Sept. 30 from 46.6 billion yen a year earlier, Japan’s largest securities firm said in a ...
Read More »Sale or no sale, changes could come to Twitter users
NEW YORK / AP Sale or no sale, Twitter users are bound to see changes as the beleaguered communications service tries to broaden its appeal to more people and advertisers. A new owner could clean up Twitter and curb some of the nastiness that’s become synonymous with it. Or perhaps a new owner would just show more ads. Or ...
Read More »Apple delays AirPods wireless headphone paired with iPhone 7
Bloomberg Apple Inc. announced that its anticipated AirPods, a pair of wireless headphones, will no longer ship this month as planned. The AirPods were introduced in September alongside the iPhone 7, which was designed without a standard headphone jack. “We don’t believe in shipping a product before it’s ready, and we need a little more time before AirPods are ...
Read More »Windows 10 to bring in 3D experiences
NEW YORK / AP Microsoft wants to bring life to common computing experiences by adding a third dimension to widely used software such as Windows and Office. The new tools, part of a free “Creators Update†to Windows 10 early next year, promise to make it easy for people to create and share photos, drawings and other images in ...
Read More »Prosthetics that help ‘feel the squeeze’
WASHINGTON / AP A next-generation artificial hand is letting two amputees tell the difference between a soft or firm touch — like holding a child without squeezing too tightly. It’s another step toward developing prosthetics that can feel. Implanted electrodes allowed the men to feel the same intensity of pressure in the artificial hand as they could in their ...
Read More »Algeria to fast-track subsidy reforms, diversification
ALGIERS / Reuters Algeria is preparing to speed up the diversification of its oil-reliant economy in the coming year after starting to cut state subsidies to offset a fall in energy earnings, the head of parliament’s finance committee said. In the past, the OPEC member took advantage of high prices for oil and gas, which account for 60 percent ...
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