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...The sum lifted profits over the past 12 months to roughly $7.4bn....
...Turkey’s central bank governor Hafize Gaye Erkan has resigned just months after the country embarked on an economic policy overhaul that has featured huge rises in borrowing costs....
...The average two-year mortgage with 60 per cent loan to value was 4.62 per cent in February, according to the central bank....
...French lender Crédit Agricole has taken a 7 per cent stake in payments group Worldline as part of a “strategic partnership” aimed at building a joint venture in merchant payments this year....
...We start the week with a scoop on the growing clamour for a 24/7 New York bourse....
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...It follows a sharp rise in mortgage costs over the past three years as the bank has battled rising inflation....
...Earlier this month it disclosed its reserves had dropped by $7.3bn in October as it sought to defend the shekel against further declines....
...The asset, which is often perceived as a relative safe haven, has rallied 15 per cent since mid-February to as high as $2,288 per troy ounce on Wednesday, on concerns about the outlook for central bank interest...
...Citigroup reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year, a sign that the revamp of the US’s fourth-largest lender may be starting to pay off...
...Excluding one-time expenses, BofA’s earnings exceeded expectations, falling 13 per cent to $7.2bn in the three months....
...Rival Citigroup, meanwhile, reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year. Shares in Citigroup fell 1.7 per cent on Friday....
...Shares in JPMorgan Chase — the biggest bank in the US by assets — fell 3.7 per cent after its latest earnings underwhelmed investors, even as profits surpassed analysts’ forecasts....
...The UN’s special representative on sexual violence in conflict, Pramila Patten, “heard concerns” that Palestinians in detention may have also faced instances of sexual violence in the West Bank, according...
...Annual growth in eurozone private sector lending, excluding securitisations, increased from 0.4 per cent in January to 0.7 per cent in February....
...“We view Tesla’s shift as thesis-changing, and worry the stock will need to undergo a potentially painful transition in ownership base,” said Deutsche Bank analyst Emmanuel Rosner, who downgraded the stock...
...Handler said on Wednesday that he had sold 1.5mn shares, about 7 per cent of his total holdings in Jefferies, at $43.50 each....
...The Swiss franc weakened on Thursday after a surprise interest rate cut from the Swiss National Bank. The currency fell 0.7 per cent to trade at SFr0.976 per euro, its weakest level since last July....
...The Bank of England is widely expected to keep interest rates on hold....
...Following a 7-2 majority vote, the BoJ said it would guide the overnight interest rate to remain in a range of about 0 to 0.1 per cent....
...The $34bn portfolio suffered a 1.7 per cent loss last year, mainly because of the underperformance of the portfolio....
...Prices on RBI’s existing AT1 bonds slipped slightly on Wednesday, while shares in the bank closed 8.7 per cent lower....
...The north of England and Scotland also posted strong annual increases of 4.1 per cent and 3.7 per cent respectively....
...India, which last year overtook China to become the world’s most populous country with 1.4bn people, is expected to have grown 7.5 per cent in the fiscal year to March, up from 7 per cent a year earlier....
...The benchmark Topix index shed 0.2 per cent and the exporter-oriented Nikkei 225 lost 0.7 per cent. The yen weakened 0.12 per cent against the dollar to ¥149.32....
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