Search For Keyword.

Business

Jurors to weigh fraud charges against ex-HSBC executive

NEW YORK (Reuters) - Closing arguments in the U.S. trial of former HSBC Holdings Plc (HSBA.L) executive Mark Johnson came to an end Wednesday, with a lawyer for the government urging jurors to convict Johnson of defrauding a client. Prosecutors have claimed Johnson, the former head of...

IBM catapults Dow Industrials over 23,000

NEW YORK (Reuters) - The Dow Jones Industrial Average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth. The S&P 500 and Nasdaq Composite ticked up to record closing highs....

AmEx profit rises 19 percent on loan growth

(Reuters) - Credit card issuer American Express Co (AXP.N) reported about 19 percent jump in quarterly profit as higher billings and loan growth helped offset a jump in costs. Net income attributable to common shareholders rose to $1.36 billion, or $1.50 per share, in the third quarter...

Qatari banks to cut dollar sales to foreign lenders

(Bloomberg)- Some Qatari banks are becoming less willing to sell dollars to foreign lenders amid a lingering regional standoff with a Saudi-led alliance, according to people familiar with the matter. Foreign exchange activity between local and international banks is almost at a standstill, the...