Borrell says EU takes China seriously, expects same in return
EU High Representative for Foreign Affairs and Security Policy Josep Borrell attends EU-China High-Level Strategic Dialogue at the Diaoyutai State...
archiveAMERS
Ferrari to accept crypto as payment for its cars in the US
The logo of Ferrari is seen in the headquarters as CEO Benedetto Vigna unveils the company's new long term strategy,...
US consumer sentiment sours; dollar aiding inflation fight
Vegetables are pictured at a produce shop at Reading Terminal Market after the inflation rate hit a 40-year high in...
Wall St Week Ahead Investors zero in on health of consumer with retail sales, earnings
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York...
S&P 500, Nasdaq fall with data, geopolitics offsets strong results
JPMorgan and Wells Fargo, rise on Q3 profit beatS&P 500, Dow notch weekly gains, U.S. crude prices rallyU Mich's preliminary...
US banks, tech firms offer support for Israel victims, announce aid
Oct 13 (Reuters) - As big U.S. corporations kicked off corporate earnings season this week, executives addressed the Israel-Hamas conflict and some companies launched fundraising efforts."I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... Terrorism and hatred have no place in our civilized world," JPMorgan Chase (JPM.N) CEO Jamie Dimon said on a post-earnings call before diving into results.He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food...
Major US banks show profit boost, but some caution from consumers
The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. REUTERS/Shannon Stapleton/File...
Yellen says US-backed IMF funding increase is ‘pretty likely’
U.S. Treasury Secretary Janet Yellen addresses a news conference during a G20 finance ministers' and Central Bank governors' meeting at...
Dollar up after inflation data boost
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis...
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing RightsNEW YORK, Oct 13 (Reuters) - Citigroup's (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking fees and interest payments while undertaking its biggest overhaul in decades.The bank said it will cut management layers from 13 to eight as part of a sweeping reorganization. In the two top layers of leadership, 15%...