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...
Is slower Chinese GDP growth better? Yes, says IMF
Slower Chinese GDP growth would be better for China and the world if comprehensive reforms are implemented and credit and investment growth is better...
Procter & Gamble shedding half its brands
Procter & Gamble says it is shedding half its consumer brands, and focusing on just 70 or 80 of them, including Pampers diapers and...
Berkshire Hathaway Q2 profit jumps 41 percent
Berkshire Hathaway Q2 profit increased by 41% to $6.395 billion, beating most analysts’ forecast. Results in the company’s operating businesses improved significantly, including its...
Argentine debt ruling, economists appeal to Congress
More than 100 economists have called on Congress in a letter to take action to mitigate the harmful consequences of the Argentine debt ruling...
Eurozone July inflation falls to 0.4%
With the Eurozone July inflation rate falling to 0.4% (annualized) from 0.5% in June, economists are seriously concerned that the currency bloc may be sliding...
Lloyds Banking Group H1 profit plunged 50 percent year-over-year
Lloyds Banking Group H1 profit plunged by over 50% to £574 million ($970.8 million) compared to £1.56 billion in H1 2013. The partly-government owned...
Investor risk tolerance driven by fear of losing, not spending habits
A team of researchers has found that investor risk tolerance is driven much more by the fear of losing money than spending habits. As...
Argentina defaults again
Argentina defaults again, the second time the country says it cannot meet its debt obligations in thirteen years, after eleventh-hour negotiations with a group...
US GDP grew 4 percent in the second quarter
US GDP grew 4 percent (annualized) in the second quarter, surprising experts and more than making up for the 2.1% contraction during the first quarter,...