 | | | | Mastercard Inc sailed past market estimates for quarterly profit on Thursday as a surge in cross-border spending sparked by this year's travel boom more than offset higher costs. | | | | | | Abu Dhabi Commercial Bank (ADCB) , the UAE's third-biggest lender, reported on Thursday a 12% rise in second-quarter net profit, supported by rising rates and higher non-interest income. | | | | | | Switzerland and China on Thursday launched the Swiss leg of a joint platform for stock listings and trading, part of a project launched in 2019 by Swiss exchange SIX and the Shanghai and Shenzhen Stock Exchanges. | | | | | | Lazard Ltd on Thursday reported a 34% drop in second-quarter profit as dealmaking globally stood at a fraction of last year's record levels. | | | | | | Private-equity firm Carlyle Group Inc said on Thursday its second-quarter distributable earnings rose 34%, driven by asset sales that were completed even as markets nosedived. | | | | | | Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world's largest digital asset, bitcoin, down more than 56% from this year's high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions. | | | | | | Banco Santander Brasil SA's second-quarter net income beat market expectations but loan-loss provisions rose sharply against a challenging macroeconomic backdrop, data released on Thursday showed. | | | | | | British lender Metro Bank narrowed first-half pretax losses and expects to reach monthly breakeven in the first quarter of next year, it said on Thursday, citing cost cuts and its turnaround plan. | | | | | | It is too early to call an end to financial market falls driven by the Ukraine war, the chief executive of Schroders said on Thursday, as the British fund manager's shares hit six-week highs on an uptick in assets under management. | | | | | | Barclays' profit was dented by a 1.9 billion pound ($2.3 billion) hit for regulatory missteps, including having to buy back billions of dollars of securities the bank sold in error, overshadowing an otherwise solid performance. | | | | | |
