Ping An Insurance (Group) Co of China on Thursday reported a 29.7% fall in first-half net profit, its biggest drop for the period in more than a decade as the coronavirus pandemic disrupted its business.
Bank Leumi, one of Israel's two largest lenders, posted lower net profit in the second quarter as the bank increased its loan loss provision in the wake of the coronavirus pandemic.
German-Spanish wind turbine maker Siemens Gamesa said on Thursday it would boost waning profit margins by 2023, pledging to emerge from a financial slump that has been exacerbated by supply chain disruptions during the coronavirus pandemic.
Italy's government has approved a single broadband network proposal that could be presented to Telecom Italia next week as part of a bid to resolve months of wrangling over control of the future network, several newspapers said on Thursday.
Alibaba is in talks with YTO Express Group's founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it accelerates consolidation in the world's largest express delivery market.
The Indian economy remains much stronger amid the coronavirus pandemic than it was during the global financial crisis over a decade ago even if growth has slowed, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.
French business confidence rebounded in August to its highest since France went into a coronavirus lockdown despite a resurgence of new infections, a survey showed on Thursday.
Borrowing costs across the euro area fell on Thursday, ahead of a key speech by U.S. Federal Reserve Chair Jerome Powell that is expected to set out the central bank's new strategy for meeting its price stability and maximum employment goals.
EUR/USD is consolidating close to the highs of a major rally, a bullish sign. August's consolidation has given option traders time to adjust and while 1.2000 remains an important level, an explosive break above that point is as unlikely now as it was likely in July.
London-listed shares retreated on Thursday as earnings updates from firms including Rolls-Royce underlined the extent of the corporate damage from the COVID-19 pandemic ahead of the annual Jackson Hole central bankers' conference later in the day.
Recruitment agency Hays Plc posted a 12% fall in annual net fees on Thursday and said it expected to cut more of its own headcount this quarter by not refilling roles as it adjusts to the slump in hiring due to the COVID-19 pandemic.
(RTTNews) - GlaxoSmithKline plc (GSK.L, GSK) announced Thursday the European Commission has granted conditional marketing authorisation for BLENREP (belantamab mafodotin) for the treatment of patients with relapsed and refractory multiple myeloma.
Switzerland's COVID-19 battered economy will return to growth in the third quarter compared with the second quarter, a government economist told Reuters on Thursday, citing a better than expected recovery in recent weeks
Britain's energy market regulator Ofgem said Centrica-owned British Gas has made total payments of 1.73 million pounds ($2.28 million) because it mishandled a change in a top-up provider for prepayment meters.
German online takeaway food group Delivery Hero said on Thursday it is acquiring online grocery service InstaShop for an initial purchase price of around $270 million, after the company almost doubled its revenues in the first half of 2020.
China's environment ministry is sending inspection teams to Aluminum Corp of China (Chinalco), the National Energy Administration, as well as other state-run entities and three Chinese regions, in its latest round of environmental audits.
Asian shares touched two-year peaks on Thursday in the wake of Wall Street's record run as cheap cash drove up big-cap tech darlings, although Sino-U.S. tensions caused caution to creep in as the session progressed.
(RTTNews) - European stocks are likely to open mixed on Thursday as investors await Federal Reserve Chair Jerome Powell's live-streamed speech at the Jackson Hole economic symposium due later in the day for directional cues.
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