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News

04 Feb UPDATE 1-Danske Bank beats Q4 net profit expectations

Posted at 07:52h in News by KMFSLLP 0 Comments

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Danske Bank beat fourth-quarter net profit forecasts on Wednesday and said it expects to earn a net profit between 8 to 10 billion Danish crowns ($1.18-1.48 billion) in 2020.

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04 Feb UPDATE 1-British accounting watchdog plans hiring drive to boost oversight of audit firms

Posted at 07:52h in News by KMFSLLP 0 Comments

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Britain's accounting watchdog, the Financial Reporting Council (FRC), announced plans on Wednesday for a hiring drive to strengthen its oversight of audit firms.

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04 Feb Indonesia govt seeks parliament approval for corporate tax cut, other tax changes

Posted at 07:43h in News by KMFSLLP 0 Comments

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The Indonesian government has submitted a sweeping tax bill to parliament that proposes corporate tax cuts and seeks to make internet giants pay more taxes, Finance Minister Sri Mulyani Indrawati said on Wednesday.

04 Feb China stocks rise on policy hopes; start-ups lead

Posted at 07:38h in News by KMFSLLP 0 Comments

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China stocks climbed on Wednesday as investors bet on further policy support from Beijing to offset the impact of a fast-spreading new coronavirus, with start-ups leading the gains.

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04 Feb UPDATE 2-BNP Paribas cuts profitability outlook despite forecast-beating quarter

Posted at 07:25h in News by KMFSLLP 0 Comments

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BNP Paribas SA on Wednesday cut its target for profitability this year and warned revenue from its retail networks in Europe could decline moderately on low interest rates, although fourth-quarter earnings came in ahead of estimates.

04 Feb Homebuilder Barratt’s half-year profit rises on solid sales

Posted at 07:22h in News by KMFSLLP 0 Comments

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Barratt Developments on Wednesday reported a rise in first-half pretax profit as Britain's biggest homebuilder sold more homes at lower prices.

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04 Feb Wilted flowers, empty cafes: China’s small businesses bear coronavirus costs

Posted at 07:18h in News by KMFSLLP 0 Comments

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What is worrying Rao Yong more than the daily news updates of a virus outbreak gripping China is that he may soon have to shut his online handicraft store and tell the 1,400 craftswomen he employs he is no longer able to sell their work. ...

04 Feb UPDATE 1-Trafigura to take 100% control of its Zimbabwe fuel import business

Posted at 07:09h in News by KMFSLLP 0 Comments

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Commodities trader Trafigura will take control of its Zimbabwe business after buying out local partner Sakunda Holdings, which is owned by a businessman close to President Emmerson Mnangagwa's government.

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04 Feb Australia could intervene to unwind Visa, Mastercard preferential payment structure

Posted at 07:06h in News by KMFSLLP 0 Comments

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Australian regulators would consider intervening to stop banks from automatically directing "tap-and-go" card payments through the world's largest payment processors Visa and Mastercard Inc., the Reserve Bank of Australia (RBA) said Wednesday.

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04 Feb RPT-Credit Suisse revisits ex-US employee’s spying claim

Posted at 07:00h in News by KMFSLLP 0 Comments

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Lawyers for Credit Suisse last week re-interviewed a former bank executive who said the Swiss lender had her followed in New York, according to a person familiar with the matter, weeks after the company dismissed her allegation as baseless.

News

04 Feb UPDATE 1-Danske Bank beats Q4 net profit expectations

04 Feb UPDATE 1-British accounting watchdog plans hiring drive to boost oversight of audit firms

04 Feb Indonesia govt seeks parliament approval for corporate tax cut, other tax changes

04 Feb China stocks rise on policy hopes; start-ups lead

04 Feb UPDATE 2-BNP Paribas cuts profitability outlook despite forecast-beating quarter

04 Feb Homebuilder Barratt’s half-year profit rises on solid sales

04 Feb Wilted flowers, empty cafes: China’s small businesses bear coronavirus costs

04 Feb UPDATE 1-Trafigura to take 100% control of its Zimbabwe fuel import business

04 Feb Australia could intervene to unwind Visa, Mastercard preferential payment structure

04 Feb RPT-Credit Suisse revisits ex-US employee’s spying claim

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