(RTTNews) - Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK) Thursday reported that its first-half net income Group share fell 65.7 percent to 347 million Swiss francs from last year's 1.01 billion francs. Earnings per share were 0.55 franc, down from 1.68 francs last year.
(RTTNews) - Banking and financial services company Standard Chartered Plc (SCBFF.PK, STAC.L, STAN.L) Thursday reported a decline in its profits for the half year, reflecting charges associated with goodwill impairment, with 9 percent down slide in net interest income.
The dollar was mired at a more than two-year low on Thursday, as investors grew increasingly worried about the economic drag of surging coronavirus cases in the United States, and looked to a fiscal rescue package stalled in Congress for another stimulus hit.
The yuan inched up against the dollar on Thursday as the Federal Reserve maintained a dovish policy stance amid accelerating U.S. coronavirus infections, but gains in the Chinese currency were capped by simmering Sino-U.S. tensions.
Standard Chartered PLC on Thursday posted a 33% fall in its first-half profit, as the bank boosted its credit impairment charges by six-fold as a result of the COVID-19 pandemic and economic downturn in its main markets.
China has added 56 medicines, including some global blockbuster drugs, to its state bidding programme aimed at procuring key treatments at big discounts in return for offering large-volume state contracts, state agency said.
Asian stocks were boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero to support the country's virus-battered economy, sending the dollar to a two-year trough.
(RTTNews) - The Thai stock market has finished lower in back-to-back sessions, sliding more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,340-point plateau although it may find traction on Thursday.
MUMBAI (Reuters Breakingviews) - Just maybe, India’s financial capital can start to look beyond its Covid-19 lockdown. An antibody testing study has found that a whopping 57% of people sampled in densely populated slum areas of Mumbai had coronavirus antibodies.
Commercial lenders in Hong Kong say they are concerned about a 30% drop in building values over the past 12 months and will consider calling in or restructuring loans if values fall much further.
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