The Macquarie Group of Australia kept its full year outlook, defying fears of an earnings downgrade after one-offs helped first-half profit beat forecasts, raising its shares 5 percent, Reuters reports. Macquarie, which has made three profit warnings since June as it grapples with the worst trading period in recent memory, reported a 16 percent fall [...]
Goldman Sachs proprietary traders who created a hedge fund within the firm in 2007 have generated a return of about 3 percent this year, beating the industry average, Bloomberg News reported, citing people briefed on the gain. Goldman Sachs Investment Partners, composed of former employees of the principal-strategies team led by Raanan Agus and Kenneth [...]
The euro-area economy grew 1 percent in the second quarter, a much better rate than had been expected, due largely to Germany’s best quarterly performance since reunification, according to data released on Friday. The 1 percent rise in gross domestic product in the 16-nation euro area was the fastest in four years, Eurostat, the European [...]
Bank of America on Friday reported $3.1 billion in profits for its second quarter, roughly flat from last year as the firm cited lower credit costs to offset diminished trading profits. On a per-share basis after preferred dividends, Bank of America earned 27 cents a share atop $29.5 billion in net revenue. Analysts surveyed by [...]
Summer is the time for films with thrills, as my colleague Helena Andrews suggests, though she’s had trouble finding any. Especially in the crushing July heat, I prefer chills, the kind that come with an opening shot of a Milan streetscape covered in snow. Last weekend, “I Am Love” offered an Italian tale of a [...]
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