HSBC Holdings, opens new tab reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows. Europe's largest bank posted a pretax profit of...
Apollo Global Management has reported “record” earnings in the second quarter of 2026, with inflows pushing its assets under management (AUM) above $1tn. In its second-quarter earnings release, the alternatives giant reported $785m of fee-related earnings during the period, representing...
Group net income rises 23% to a record 1.79 billion euros that reaches forecasts. French bank Societe Generale (SocGen) posted record quarterly profit and upped its 2026 profitability target, as a recovery in retail banking and tight cost controls offset...
The UAE's real gross domestic product grew by 3 percent in the first quarter of 2026 to reach AED485 billion ($132.06 billion) at constant prices, while non-oil GDP grew by 4.8 percent, raising its contribution to 79.4 percent of...
NatWest, opens new tab reported a better-than-expected first-half operating profit before tax of £4.3 billion ($5.8 billion) and raised its performance guidance for the year, as it grew income while keeping costs under control. NatWest said it now expects this...
Mizuho reported a strong fee business mainly with domestic corporates. Mizuho Financial Group has logged a profit of $2.64b (JPY422.91b) in the Q1 2026 period that ended on 30 June, its latest financial statement showed. Profit is 45.5% year-on-year (YoY) higher...
Federal funds rate remains between 3.5% - 3.75%. The US Federal Reserve kept its benchmark interest rate unchanged Wednesday as three policymakers voted in favor of a quarter-point increase. The Federal Open Market Committee maintained the federal funds rate target range...
Growth slows from 2.1% in 1st quarter as government spending falls, investment and exports lose momentum. The US economy expanded at an annualized rate of 1.5% in the second quarter of 2026, falling short of market expectations, according to an...
Year-on-year, GDP expands 0.9% as exports rise, while investment declines. Germany’s economy grew 0.2% in the second quarter of 2026 compared with the previous three-month period, beating market expectations, official data showed Thursday. Economists had forecast quarterly growth of 0.1%. The Federal...
Oil sector shrinks 24.7% year-on-year, non-oil activity edges up 0.6%. Saudi Arabia’s economy contracted 4.8% year-on-year in the second quarter of 2026, the steepest decline recorded since the COVID-19 pandemic, as a deep decline in oil activity outweighed modest growth...
