U.S. banks’ net income rose 5.3 percent in the second quarter compared with the same period of last year as banks spent less money in loan-loss provisions and noninterest expenses, the Federal Deposit Insurance Corp. (FDIC) said Thursday.
Aug 292014
Aug 282014
China’s economy is facing multiple domestic and international challenges despite its steady performance in the past seven months, said a senior economic official in Beijing on Wednesday.
Aug 282014
Crude prices steadied Wednesday as a government report showed U.S. crude inventories at Cushing, the contract’s delivery point, increased last week, meeting expectation.
Aug 282014
Gold futures on the COMEX division of the New York Mercantile Exchange dropped slightly Wednesday as U.S. stocks continued advancing with the Dow Jones Industrial Average challenging uncharted territory.
Aug 282014
The booth of Nissan is seen during the Moscow International Automobile Salon in Moscow, Russia, on August 27, 2014. The Automobile Salon will last till September 7.
Aug 282014
Britain leads the European hubs on fueling Renminbi (RMB), or Chinese yuan, internationalization, with a 123.6 percent growth of RMB payments value between July 2013 and July 2014, said SWIFT in its latest RMB Tracker report this week.
Aug 282014
Australia’s national flag carrier, Qantas, has shocked the local market by recording a loss of 2.8 billion Australian dollars (2.6 billion U.S. dollars), around three times worse than expected.
Aug 282014
The interconnector”Iasi-Ungheni”gas pipeline is 43.2 km long and has an annual transportation capacity of 1.5 billion cubic meters,covering about one third of Moldova’s needs s. The first transit of natural gas from Romania will be undertaken on Sept.
Aug 272014
The joint statement was issued following the 17th Consultations between the ASEAN Economic Ministers (AEM) and Economic Ministers of China, Japan and South Korea held as part of a series of related meetings of the 46th AEM.
Aug 272014
Gold futures on the COMEX division of the New York Mercantile Exchange bounced Tuesday as the central banks of Russia and Kazakhstan continued to raise their official gold reserve in July.