Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Morgan Stanley reported a 15 per cent increase in second-quarter profits, boosted by higher revenues at its flagship wealth management business and gains at its trading division. The bank on Wednesday reported net income of $3.5bn for the three months to the end of June, beating analyst estimates of $3.2bn. The Wall Street bank said its wealth management business, which has about $6tn in client assets, was boosted by “higher levels of client activity” during the quarter, with revenues at the division…
It seemed that nothing could end the U.S. currency’s reign as the “safe-haven” for financial markets. Then came the Trump tariffs. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bank of America notched up better than expected profits in the second quarter as the US lender expanded its deposit base and loan book and benefited from robust Wall Street trading activity. The group’s net income rose about 3 per cent to $7.1bn in the second quarter, exceeding analyst expectations of $6.8bn. Revenues rose 4 per cent to $26.5bn, slightly missing forecasts of $26.7bn. Revenues at the retail bank rose 6 per cent to $10.8bn as the group grew its deposit base…
These moves give you a fighting chance against your smarter, faster and cheaper workplace rival. Better start now. Source link
Jim Chanos made his name and reputation by shorting Enron shares before it went belly-up in America’s biggest bankruptcy in 2001. Now he has the premium of MicroStrategy to the bitcoin that it holds in his crosshairs. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It has been a trying few weeks for Britain’s chancellor Rachel Reeves. The UK government reversed over £6bn of her planned savings on welfare payments. A teary appearance in parliament then added to speculation about her job. Now she faces daunting questions over how she will balance the books ahead of the autumn Budget. Reeves did, however, manage to provide a brief but positive distraction on Tuesday night by unveiling a number of promising reforms to boost the UK’s financial sector at…
Deutsche Bank strategist Henry Allen said for the fourth straight year, markets are complacent over inflation, but tariffs are making that a dangerous viewpoint right now. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China has sentenced a Japanese pharmaceutical executive to three and a half years in prison for espionage, a decision that will raise concerns among foreign businesses and which drew warnings from Japan that opaque judicial processes were deterring travel to the country.The court in Beijing on Wednesday handed down the sentence to a local senior executive with Astellas Pharma, who had been arrested and indicted on charges of espionage two years ago, according to the Japanese embassy in Beijing.The embassy said the…
Image: GHA Global Hotel Alliance (GHA), the Dubai-based collective of independent hotel brands, reported solid growth in H1 2025, fuelled by a surge in international travel and a strong Q2 performance. Revenues for the group’s member hotels reached $1.5bn for the six months ending June 30, up 17 per cent year-on-year from $1.3bn in H1 2024. International stays, which continue to form the backbone of GHA’s business, accounted for 70 per cent of room revenues, climbing 21 per cent year-on-year to $810m. The group noted that the United States remained the top source market for international bookings, contributing 15 per…
As more people ask chatbots for financial advice, creating the right prompts is the key to getting useful answers. Source link