JPMorgan beats estimates on strong trading, underwriting
JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.
JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.
PSA's German unit Opel on Tuesday said it was ruling out forced redundancies until July 2025 - extending its guarantee by two years - but was re-opening a voluntary leave program for older employees that would be limited to 2,100 jobs.
China's yuan climbed to its highest level since July on Tuesday and the Japanese yen plumbed eight-month lows as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
When Mehdi Farsi decided to shift production of State Bicycle Co's niche fixed-gear urban bikes out of China to escape U.S. tariffs, it took months to find another factory in Asia willing to do business with his Arizona company.
Citigroup is slated to report its calendar fourth-quarter results on Tuesday as investors brace for a highly anticipated earnings season.
Global markets experienced a slight bout of weakness on Tuesday as traders cashed in on recent record highs, awaited a long-anticipated U.S.-China trade deal and began to digest the first Wall Street earnings of the new year.
Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal.
Stocks slipped in Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary that tariffs would remain in place for now.
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world's biggest crude users, may not lead to more fuel demand as the U.S. intends to keep tariffs on Chinese goods in place.
Documents to be released Wednesday will show skeptics that a Phase 1 U.S.-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, U.S. Treasury Secretary Steven Mnuchin said Tuesday.
Malaysia Airlines has suspended delivery of Boeing 737 MAX jets due this year, the airline told Reuters in an email on Wednesday.
The first phase of a U.S.-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, U.S. Treasury Secretary Steven Mnuchin said on Tuesday.
Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary's that tariffs would remain in place for now.
The computer-based logistics system of the F-35 stealth fighter jet made by Lockheed Martin , which has been plagued by delays, will be replaced by another network made by the same company, a Pentagon official said on Tuesday.
The United States will maintain tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal.