US Dollar Weakens, Capping Tough Week

The US dollar weakens 0.5% against the euro and 0.8% against the yen. “The US dollar’s continued decline was the focal point of global foreign exchange markets this week,” Cambridge Global Payments says. The dollar […]

BNY Mellon 1Q Profit Rises on Higher Fee Revenue

Bank of New York Mellon Corp. said its profit for the first quarter rose as market volatility amid the coronavirus pandemic boosted its fee revenue. The custody bank Thursday posted net income of $944 million, […]

AIA Insurance 2018 net profit fell 48.4%

Asian insurance company AIA Group Ltd. (1299.HK) said Friday its net profit for the last fiscal-year fell 48.4%, weighed mainly by a fall in revenue and rise in expenses. The pan-Asian insurer said its net […]

Prudential PLC Profit Climbed in 2018, Led by Asian Growth

Prudential PLC (PRU.LN) said Wednesday that its profit rose in 2018, led by increasing new business in Asia. The insurance-and-investment business said its operating profit came to 4.83 billion pounds ($6.35 billion), rising 6% on […]