AmEx quarterly profit plunges 76% on $1.7 billion reserve build

(Reuters) – Credit card issuer American Express Co <AXP.N> posted a 76% drop in quarterly profit…

Verizon pulls 2020 revenue view as lockdowns result in wireless subscriber loss

(Reuters) – Verizon Communications Inc <VZ.N> withdrew its full-year revenue outlook on Friday as it lost…

HSBC to push on with overhaul ‘wherever possible’ despite crisis

By Lawrence White LONDON (Reuters) – HSBC will press ahead with plans to shift capital from…

UBS ups estimates for COVID-19 insured losses to $30-60 billion

LONDON (Reuters) – Swiss bank UBS <UBSG.S> raised its estimates for COVID-19 insured losses to $30-60…

Britain has set tight deadline, not moving in talks: EU’s Barnier

BRUSSELS (Reuters) – The clock is ticking even more than before in talks on the future…

Coronavirus stockpiling drives best Nestle sales growth in years

By Siddharth Cavale (Reuters) – Swiss food giant Nestle <NESN.S> reported its best quarterly sales growth…

Singtel secures $3 billion in bank credit for subsidiaries

SINGAPORE (Reuters) – Singapore Telecommunications’ <STEL.SI> (Singtel) subsidiaries have secured close to $3 billion in bank…

Dollar snaps four days of gains, but outlook bright

By Saikat Chatterjee LONDON (Reuters) – Four days of U.S. dollar gains ended on Friday, although…

The cost of lockdowns in emerging markets

By Karin Strohecker LONDON (Reuters) – Measures to prevent the spread of coronavirus in developing countries…

Facebook’s big India deal portends a bruising time for SoftBank-backed Paytm

By Sankalp Phartiyal and Nupur Anand NEW DELHI/MUMBAI (Reuters) – Facebook’s <FB.O> $5.7 billion investment in…