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Global businessLast updated:  14 april 2010 




JP MORGAN PROFITS HOLD STEADY IN FIRST QUARTER.    /    14.04.2010

JP Morgan Chase has reported profits of $3.3bn (£2.1bn) for the first quarter. The Wall Street bank's net income was identical to the amount it earned in the previous quarter, and up 55% from the first quarter of 2009. The main driver was the bank's debt trading business, which produced revenues of $5.5bn. The bank also increased the cash it holds against possible losses from lawsuits by $2....

OTHER MATERIALSTotal documents: 453

07.04.2010   DAIMLER, NISSAN AND RENAULT ANNOUNCE THREE-WAY TIE-UP.
German carmaker Daimler is to give Renault and Nissan a 3.1% stake in its business as part of a global tie-up of the brands, it has been announced. In exchange, Daiml...

29.03.2010   CHINA'S GEELY BUYS VOLVO FOR $1.8BN.
The Chinese car maker Geely has signed a deal to buy Volvo from US car giant Ford for $1.8bn (£1.2bn). The agreement, which was first announced in December, is the bigg...

16.03.2010   BUDGET 2010: EU CALLS FOR FASTER UK DEFICIT CUTS.
The government's plans for reducing the budget deficit are not ambitious enough - according to a European Commission report to be published on Wednesday. The report wa...

02.03.2010   REAL MADRID TOP FOOTBALL RICH LIST FOR FIFTH YEAR.
Real Madrid have topped the league table of the world's richest football clubs for the fifth straight year, according to Deloitte's sport unit. Its Football Money Leagu...

17.02.2010   GREECE TOLD TO MAKE MORE SPENDING CUTS.
Greece has been warned by European finance ministers that it must make further cuts to spending and public sector wages or face more sanctions. A joint statement from...

09.02.2010   SWISS BANK UBS RETURNS TO PROFIT.
UBS is trying to rebuild after heavy losses in the US sub-prime market Swiss bank UBS has reported its first quarterly profit for more than a year, helped by lower co...

28.01.2010   FORD POSTS FIRST ANNUAL PROFIT FOR FOUR YEARS.
Ford has posted an annual profit for the first time in four years. The carmaker made $2.7bn (£1.7bn) in 2009, compared with a loss of almost $15bn in 2008, and said i...

21.01.2010   CHINA ECONOMY SEES STRONG GROWTH.
China has said its economy expanded by 8.7% in 2009, exceeding even the government's own initial expectations. The pace of change increased as the year went on, with gr...

18.01.2010   IMF HEAD IN 'DOUBLE-DIP' GLOBAL ECONOMY WARNING.
The International Monetary Fund head has warned that the global economy could experience another downturn - a so-called double dip recession. Dominique Strauss-Kahn s...

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