Commerzbank Q2 net profit soared
Commerzbank Q2 net profit more than doubled to €100 million compared to €40 million in Q2 2013, as the German bank continued to divest...
Adidas Q2 net profit slide
Adidas Q2 net profit slid 16% due to currency pressures, a volatile business environment in Russia, lackluster golf sales, and higher World Cup marketing...
Bank of America settlement worth $17bn
A Bank of America settlement worth $17 billion is likely to be agreed soon with the US government to resolve allegations of selling toxic...
Putin curbs agricultural imports
In a bizarre retaliatory move that will exacerbate his country’s food supply and fuel inflation, Putin curbs agricultural imports from selected countries, specifically those...
Italian GDP shrank again in Q2 – now officially in recession
The Italian GDP shrank again in the second quarter, after contracting in the first. Economists had forecast marginal growth. A country is said to be...
German factory orders slumped in June
German factory orders fell by -3.2% in June compared to May (which had declined by -1.6%), according to figures published by Statistisches Bundesamt, the country’s...
Canadian consumers using savings to fuel demand
Canadian consumers have been driving GDP growth by dipping into their savings rather than borrowing, says a new report from CIBC World Markets. First...
Eliminate corporate tax, says new report
According to a new report, if the US were to eliminate corporate tax, gross domestic product (GDP), real wages, domestic investment and national saving...
GE African investment to reach $2 billion by 2018
GE African investment totaling $2 billion by 2018 into skills training, sustainability initiatives and facility development was announced today, ahead of President Barak Obama’s...
HSBC H1 profit fell 12 percent
HSBC H1 profit fell 12% to $12.34 billion compared to $14.071 billion in H1 2013. During the first six months of this year the...