Lloyds Lending Income Misses Estimates, Costs Jump on Severance
Lloyds Banking Group Plc missed estimates for net interest income in the first quarter as the lender faces increased pressure to offer savers better rates.
Lloyds Banking Group Plc missed estimates for net interest income in the first quarter as the lender faces increased pressure to offer savers better rates.
Bank Indonesia doesn’t need to further increase interest rates to shield the rupiah, according to an economic advisor of President-elect Prabowo Subianto who sought a monetary policy that’s supportive of growth.
Iron ore climbed to the highest level in seven weeks after Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.
Eni SpA increased its planned share buyback this year to €1.6 billion ($1.7 billion) due to stronger cash flow, while reporting profit in the first quarter that met estimates.
A key measure of Chinese copper demand just sank to zero, another sign that global prices are not balanced with what buyers in the biggest market are prepared to pay.
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