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Insurer AXA drops 2020 earnings guidance
PARIS: French insurer AXA dropped its 2020 earnings target and added it would not make additional payouts to shareholders in the fourth quarter following a 40% decline in first-half net income.
German shares edge up Wednesday
FRANKFURT, Aug. 5 (Xinhua) -- German stocks edged up on Wednesday, with the benchmark DAX index up 59.38 points, or 0.47 percent, to close at 12,660.25 points.
Allianz Q2 net profit declines
FRANKFURT: German insurer has posted a 29% fall in net profit in the second quarter from a year earlier and shied away from updating its full-year profit guidance as the coronavirus pandemic slows business and clouds the outlook.
United States equities won’t revisit March lows
BANGALORE: United States equities will not revisit the lows hit in March 2020, but the next big correction in stock markets could be triggered by corporate defaults, Mohamed El-Erian, chief economic adviser at Allianz SE, said.
Dollar's slide weighs on status as world reserve currency
NEW YORK: Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
Wall St ends higher as investors eye stimulus, gold soars pastUS$2,000
NEW YORK: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic.
Stuttgart ready to part with top scorer Gonzalez at right price
BERLIN (Reuters) - VfB Stuttgart are ready to part ways with their top scorer Nicolas Gonzalez as long as the price is right, the club's sports director Sven Mislintat said on Sunday.
Juve suffer first home league defeat for over two years
TURIN, Italy (Reuters) - Serie A champions Juventus suffered their first home league defeat for over two years when they finished the season by losing 3-1 against AS Roma on Saturday.
Bayern's Boateng urges players to take a knee in Champions League
(Reuters) - Bayern Munich defender Jerome Boateng says players must use the platform provided by the Champions League to continue sending messages about racial equality by taking a knee.
List of Italian league champions
(Reuters) - List of Italian League champions after Juventus clinched the title for the 2019-20 season on Sunday.
