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Morgan Stanley profit drops 14% as deal drought persists

Morgan Stanley's profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and executives expressed optimism about the economic environment.

New-york , United-states , Bengaluru , Karnataka , India , Mehnaz-yasmin , James-gorman , Arun-koyyur , Lananh-nguyen , Niket-nishant , Tatiana-bautzer , Reuters

Bank of America profit beats on boost from interest income, investment banking

Bank of America's second-quarter profit beat Wall Street estimates as it earned more from customers' loan payments while investment banking and trading fared better than expected.

Bengaluru , Karnataka , India , United-states , New-york , America , Alastair-borthwick , Saeed-azhar , Lananh-nguyen , Jeremy-barnum , Manya-saini , Brian-moynihan

Citigroup profit drops 36% as trading slump casts cloud over earnings

Citigroup beat analysts' estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its Wall Street businesses from a slump in trading.

Bengaluru , Karnataka , India , Lananh-nguyen , Mehnaz-yasmin , Sriraj-kalluvila , First-republic-bank , Reuters , Thomson-reuters-trust-principles , Wall-street , Wells-fargo , Thomson-reuters-trust

Italy looking to boost loyalty shares scheme to help Milan bourse

Italy is looking to boost the ability of listed companies to issue shares with enhanced voting rights, a Treasury official said on Thursday, as part of efforts to stop a steady flight of businesses from Milan to the Netherlands.

France , Italy , Amsterdam , Noord-holland , Netherlands , Milan , Lombardia , Dutch , French , Italian , Angus-macswan , Federico-freni

Exclusive: JP Morgan says client shares in Russia's Magnit may be missing

J.P. Morgan has become the latest major bank struggling to find Russian stocks linked to some client investments, adding to fears for investors still hoping to recoup some value from stranded assets in the country.

Russia , Magnit , Qashqadaryo , Uzbekistan , Moscow , Moskva , Kremlin , Ukraine , London , City-of , United-kingdom , Russian

Argentina delegation travels to meet with IMF in US, source says

An Argentine team is traveling on Tuesday to the United States to meet with officials from the International Monetary Fund (IMF) to negotiate terms to relax the agreement between the two, a source at Argentina's economy ministry said.

Buenos-aires , Distrito-federal , Argentina , United-states , China , Chinese , America , Argentine , Alexander-villegas , Rodrigo-campos , Jorge-otoala , Kylie-madry

Egypt has contracts to sell $1.9 billion worth of state assets, prime minister says

Egypt has signed contracts to sell stakes in state assets worth a total of $1.9 billion as part of a programme to boost the private sector and raise scarce hard currency, Prime Minister Mostafa Madbouly said on Tuesday.

Egypt , Cairo , Al-qahirah , Egyptian , Abu-dhabi , Hala-el , Mostafa-madbouly , Mark-potter , Nayera-abdalla , Thomson-reuters-trust-principles , Reuters , Prime-minister-mostafa-madbouly

Exclusive: TikTok parent ByteDance to allow US staff to cash out on shares-sources

ByteDance, the Chinese owner of short video app TikTok, will allow shares owned by U.S. employees to vest without waiting for the company to list in the stock market, thereby letting them cash out, according to people familiar with the matter.

China , United-states , White-house , District-of-columbia , New-york , Montana , Beijing , Chinese , Americans , Greg-roumeliotis , Reuters , Thomson-reuters-trust-principles

Explainer: What's next for Ant after its nearly $1 bln fine?

The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant's woes and given hope to investors that a regulatory crackdown on China's broader technology sector is over.

Shanghai , China , Canada , Hong-kong , Yunfeng , Sichuan , Beijing , Qiantang , Guangdong , Chinese , Roxanne-liu , Jack-ma