Barclays' second-quarter profit beats expectations amid Brexit uncertainty

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Barclays' second-quarter profit beats expectations amid Brexit uncertainty

Barclays reported second-quarter net profit of £1.03 billion ($1.25 billion) on Thursday, compared to £1.2 billion in the same period a year earlier. Analysts polled by Reuters expected these numbers to come in at £988.87 million. Here are some of the key …
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Is the property market downturn finally over?

The longest and deepest fall in national house values in more than half a century appears to have ended due to falling interest rates and looser lending standards. But property owners are being warned not to expect another surge in prices. For the first time …
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Major developer Ralan Group collapses as commercial building industry crumbles

The national property market is continuing to show signs of a recovery, but the ongoing slump in construction is wreaking havoc on the industry with major residential developer Ralan Group falling into administration. The Sydney-based apartment developer …
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Powell Suggests Fed Embarking on 1990s-Style Mini Easing Cycle

Bloomberg Economics expects one additional 25 bps cut by year-end, but the FOMC does not appear particularly inclined to deliver this at the next
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Alphabet overtakes Apple to become new king of cash

San Francisco | The corporate world has a new king of cash. The title for the company with the biggest financial reserves, held by Apple for a decade, has passed to Google’s parent, Alphabet, according to figures released in recent days. The switch in …
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