Bank of Baroda posts surprise loss in Q3 as provisions swell

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Bank of Baroda posts surprise loss in Q3 as provisions swell

Mumbai: Public sector lender Bank of Baroda (BoB) on Friday reported a net loss of ₹1,407 crore for the three months to December, owing to higher provisions for bad assets. The bank’s loss came as a surprise to the market as a Bloomberg poll of 18 analysts …
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Pound heads towards a 2-week high before PMI data

The pound firmed on Friday, heading towards a two-week high, ahead of the release of UK manufacturing survey data later in the day which may influence a central bank policy meeting next week.
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Beer Baron: Captain Pabst makes serious plunge into craft beer

Pabst Brewing Co.’s newest beer, a more serious plunge into the craft sector, comes in a beautiful can, its matte midnight blue adorned with, in a weathered gold, the kind of ornate, symbol-laden imagery that befits a 132-year-old brand. The design is built …
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UK Financial Regulator Gets Interim Chief Executive

The U.K government appointed Christopher Woolard as interim chief executive of its main financial regulator to replace Andrew Bailey, who’s leaving to become governor of the Bank of England. Mr. Woolard, currently the Financial Conduct Authority’s head of …
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Remy Cointreau Ditches Guidance as Sales Slump in Hong Kong

Remy Cointreau SA abandoned its forecasts for this year after a slump in Hong Kong dented the Cognac maker’s sales in the Christmas period and as a viral outbreak threatens business in China. The stock fell as much as 10% Friday, the steepest decline in …
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