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CHICAGO: For all the hand-wringing about how Amazon.com Inc’s growth aspirations may hurt other companies, there’s plenty of evidence in third-quarter earnings results that the online retailer isn’t alone in benefiting from robust economic growth.
TOKYO: Nomura Holdings Inc posted a wider-than-expected drop in quarterly profit as weakness in its wholesale division, that was hit by a drop in fixed income trading, offset growth in the company’s resurgent retail business.
FRANKFURT: Deutsche Bank posted a rise in third-quarter net profit to 649 million euros (US$768 million) on Thursday, despite a drop in investment bank revenue and a challenging market.
NEW YORK: Goldman Sachs Group Inc is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar with the effort told Reuters.
NEW YORK: US stocks fell on Thursday morning, dragged down by media companies, while results from JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs.
LONDON/PARIS: European investment banks coped better with tough market trading conditions than US rivals in the second quarter, when historically low levels of market volatility left investors struggling to make directional bets.
HONG KONG: BlackRock Inc, the world’s largest money manager, said that investors cannot ignore China’s onshore bond market, which has reached the US$10 trillion mark.