Standard Chartered Profit Tops Estimates on Wealth Business
Standard Chartered Plc posted first-quarter earnings that topped estimates after its traders collected a windfall from tumultuous credit and commodities markets.
Standard Chartered Plc posted first-quarter earnings that topped estimates after its traders collected a windfall from tumultuous credit and commodities markets.
Stocks traded mixed and Treasury yields ticked lower after Federal Reserve Chair Jerome Powell downplayed the prospect of further interest-rate hikes. The yen resumed losses after a sudden jump hinted at intervention.
The animal spirits look like they’re returning to European banking.
Bayer AG’s Monsanto unit persuaded an appeals court in Washington state to throw out a $185 million jury award to three former teachers at a Seattle-area school who blamed exposure to the firm’s toxic chemicals for their brain injuries.
Swiss inflation jumped more than economists anticipated to a four-month high, giving officials grounds for caution as they determine whether to cut interest rates again.
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