Page 20 – FinanceSecond

Trading News

HSBC misses on earnings expectations for 2018, blames US-China trade war and slowdown in the UK

By Katherine Miller February 21, 2019

Declaring the annual financial report card for 2018, HSBC on Tuesday admitted falling short of expectations on several fronts, following a challenging fourth quarter. Markets across the globe experienced sharp falls in business activity during the last quarter. Europe’s largest bank’s reported pre-tax profits for 2018 stood at $19.89 billion, a 15.9% jump from the […]Continue Reading

Company News

CEO of Nordea Bank Predicts Turnaround

By Sarah Lavallee February 20, 2019

The Chief Executive Officer of Nordea Bank Abp Casper von Koskull has called on the critics of Finland based back to show patience and added that bank is well on its way to staging a turnaround in the fiscal year 2020. Nordea Bank has been in doldrums for some time, and in recent years, the […]Continue Reading

News

Household Income Outlook Index Plunges to 11-Month Low in UK

By Norma Stanley February 20, 2019

The uncertainty surrounding Brexit and a gloomy job outlook have plunged the household income outlook index in the United Kingdom to an 11-month low. The IHS Markit’s Household Finance Index tracks the sentiments of people regarding their income expectations, and it is indicative that the index has plunged to its 11-month low just as the […]Continue Reading

Opinion & Analysis

RBS Profits Soar More than Double, as Lender Issues Dividends Worth £1.6 Billion

By Katherine Miller February 19, 2019

The Royal Bank of Scotland (RBS) has reported profits of £1.62 billion for the year ending 2018. The year on year profit growth has been over 200% from £752 million in the preceding year. The Bank has revealed a near £1 billion windfall for the taxpayer. This is the bank’s second consecutive year yielding profits, […]Continue Reading

Opinion & Analysis

JP Morgan’s Cryptocurrency to Obliterate Ripple; XRP seems to be in trouble

By Brian Stanley February 17, 2019

The $340 billion banking giant, JP Morgan launched a stablecoin called JPM Coin. Industry experts have foreseen the stablecoin to thrash Ripple in the long run. Co-host of Bloomberg’s What’d You Miss? Joe Weisenthal said, “If it turns out that the blockchain framework turns out to be a good one for banks transferring money around, […]Continue Reading

Company News

Apple’s former insider trading lawyer charged with insider trading

By Sarah Lavallee February 17, 2019

Apple’s former lawyer was charged by the U.S. Department of Justice for insider trading ahead of six of the iPhone maker’s quarterly earnings this Wednesday Reports say Gene Levoff exploited his position as corporate secretary, head of corporate law and co-chairman of a committee that reviewed draft copies of Apple’s financial results to trade illegally […]Continue Reading

Company News

Canopy Shows Immense Growth in Marijuana Sales

By Teresa Taylor February 17, 2019

The earnings report of the previous year was released on Thursday evening, and it revealed that Canopy, the leading pot seller, showed a 300% growth in revenue. The company’s shares also rose by 4.4% the same day following the announcement of the earnings report. Co-Chief Executive Bruce Linton came out saying that the company hoped […]Continue Reading

Company News

Apple’s New Video Streaming Service Expected to be launched in April, Video Partners Viacom, Starz, and CBS on Board

By Teresa Taylor February 17, 2019

Reports and speculation about Apple’s video streaming subscription where going around the corners for years now and finally Apple is all set to launch its new TV subscription service. Reports say that Apple is expecting to launch its new service in April or in May. Apple currently is working in the final development phase and […]Continue Reading

Company News

Airbus Decide to no Longer Produce A380 Superjumbo

By Sarah Lavallee February 16, 2019

European aircraft manufacturing giant Airbus has decided to no longer produce the A380 Superjumbo, according to an announcement made by the company on Thursday. The cruise liner was Airbus’ big bet on its quest to become the king of the skies, but the sales figures have not quite been up to the company’s expectations. The […]Continue Reading

News

Here’s How the Government of Seoul is Using a Public Blockchain in the Real-World

By Brian Stanley February 15, 2019

Information that has been gathered from various sources has confirmed that Seoul city’s (South Korea) government has been turning in to a public blockchain for favoring few administrative applications. Out of all the blockchain projects that South Korea has, ICON is its largest project, and the Government of Seoul has chosen this project to process […]Continue Reading

HSBC misses on earnings expectations for 2018, blames US-China trade war and slowdown in the UK

CEO of Nordea Bank Predicts Turnaround

Household Income Outlook Index Plunges to 11-Month Low in UK

RBS Profits Soar More than Double, as Lender Issues Dividends Worth £1.6 Billion

JP Morgan’s Cryptocurrency to Obliterate Ripple; XRP seems to be in trouble

Apple’s former insider trading lawyer charged with insider trading

Canopy Shows Immense Growth in Marijuana Sales

Apple’s New Video Streaming Service Expected to be launched in April, Video Partners Viacom, Starz, and CBS on Board

Airbus Decide to no Longer Produce A380 Superjumbo

Here’s How the Government of Seoul is Using a Public Blockchain in the Real-World

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