(Reuters) – Bank of America Corp saw its earnings more than half in the second quarter as it set aside $ 5 billion against future credit losses in what its top boss called the “most tumultuous period since the Great Depression.” FILE PHOTO: A Bank of America building is seen …
Read More »German prosecutors arrest Wirecard’s Dubai unit chief
BERLIN / FRANKFURT (Reuters) – German prosecutors said on Monday they had arrested the head of a Dubai-based Wirecard subsidiary, widening the circle of suspects in a multi-million dollar fraud investigation into the collapse of the payment company. FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing …
Read More »Shares rise to four-week highs as investors bet on China’s recovery
LONDON (Reuters) – Global stock markets rose to four-week highs and the Chinese yuan headed for its best day against the dollar since December on Monday, as investors saw a resurgence in China to boost global growth, even when the growing cases of coronavirus delayed business. -opens in the United …
Read More »Global stocks climb to four-week highs as investors bet on China’s recovery
LONDON (Reuters) – Global stock markets climbed to a four-week high on Monday as investors counted on a resurgence of Chinese activity to drive global growth, even as rising cases of coronavirus delayed the reopening of business in the United States. FILE PHOTO: The DAX chart of the German Stock …
Read More »Buy now and pay whenever? Locking lift for online shopping loans
(Reuters) – Browsing online during the shutdown, Jessica Friend saw a pair of Ray-Ban sunglasses she liked, but the price made the 30-year-old Ohio resident think twice. FILE PHOTO: A smartphone displays a Klarna logo on top of the bills in this illustration taken on January 6, 2020. REUTERS / …
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