(Reuters) – Despite trade wars, low interest rates and new geopolitical tensions, big U.S. banks have not experienced major disruption to their core businesses and top executives are hopeful they can generate growth this year. On Tuesday, three of the largest U.S. lenders reported results, with JPMorgan Chase & Co (JPM.N) hitting new profit records, […]

(Reuters) – Wall Street was set to open largely flat on Tuesday, as investors took a breather following a record rally on optimism over the U.S.-China trade deal, while the big U.S. banks reported mixed quarterly results. The S&P 500 and the Nasdaq indexes set new all-time highs on Monday, helped by bets that the […]

HANOI (Reuters) – Ford Motor Co (F.N) said on Tuesday it is investing $82 million to expand its plant in northern Vietnam to boost production capacity. Ford Vietnam, established in 1995, said the expanded factory would boost the U.S. automaker’s annual capacity in Vietnam to 40,000 vehicles from current volume of 14,000 units per year. […]

SINGAPORE – Enigma Group has applied for a digital full bank licence with the Monetary Authority of Singapore through a consortium, the Singapore-based company said. The group comprises Singapore-based companies – cybersecurity firm Qrypt Technologies, app developer 2359 Media and Blockchain Worx. It also includes UK-based Enigma Global Holdings, which had recently entered a deal […]

SINGAPORE (Reuters) – Asian share markets rose on Tuesday and safe-haven assets slid as signs of goodwill between China and the United States supported optimism for global growth, with the world’s two biggest economies preparing to formalize a trade-war truce. The U.S. Treasury Department on Monday said China should no longer be designated a currency […]

MUMBAI (Reuters) – India’s Supreme Court on Monday directed the government’s crime fighting agency to seize local assets of JPMorgan (JPM.N) in relation to some transactions the bank engaged in with a local real estate company in 2010, according to a Press Trust of India report in Business Standard. JPMorgan declined to comment on the […]

NEW DELHI (Reuters) – India’s antitrust body on Monday ordered an investigation into alleged competition law violations by Amazon.com Inc and Walmart’s Flipkart, the latest setback for U.S.-based e-commerce giants operating in the country. The Competition Commission of India (CCI) said it was ordering a wider probe following a review of allegations that Amazon and […]

NEW YORK (Reuters) – As the bull market in U.S. stocks hits new highs, some investors are searching for ways to pare their exposure to the small group of technology and communications stocks that has fueled market gains for years.  The market’s most crowded individual stocks are Microsoft, Amazon, Facebook, Visa and Mastercard, according to […]

William Hill said profits for the past year are expected to have surpassed expectations after it was buoyed by favourable sporting results in December. Meanwhile, independent bookmaking firm BoyleSports has acquired William Hill’s chain of 33 shops in Northern Ireland and two shops on the Isle of Man for an undisclosed sum. William Hill said […]

SYDNEY/SHANGHAI (Reuters) – Asian shares rose to new 19-month highs on Monday ahead of the expected signing on a Phase 1 China-U.S. trade deal, although markets have yet to see the details of the agreement. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.47% higher, touching its highest point since June 2018. Japanese markets […]