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PARIS: Societe Generale SA (SocGen) reported on Monday a 1.26 billion euro ($1.48 billion) second-quarter loss, as it booked a writedown on the value of its trading business that it seeks to revamp.
LONDON/HONG KONG: HSBC Holdings PLC posted a higher-than-expected 65% tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to boost its loan-loss provisions.
SEOUL, Aug. 3 (Xinhua): South Korea reported 23 more cases of the Covid-19 as of Monday morning local time compared to 24 hours ago, raising the country's total number of infections to 14,389.
THE Covid-19 pandemic has to be the first widespread pandemic in the modern era to have disrupted progress at all levels across the entire globe.
JAKARTA, Aug 3 (Reuters): Foreign visitor arrivals in Indonesia in June dropped 88.8% from a year earlier to 160,300, as the coronavirus pandemic disrupted global travel, data from the statistics bureau showed on Monday.
Tamil films distributors in Malaysia waiting for green signal from India
Trading saved European Big Oil from the full impact of this year’s oil crisis. It’s not the first time that massive profits from in-house trading desks ameliorated poor operating results from the core business of finding and producing hydrocarbons - and it won’t be the last.