Wednesday 23 July 2014

NBAD Q4 net profit edges down

National Bank of Abu Dhabi, the largest lender by market value in the UAE, has posted fourth-quarter profit that fell marginally from a year earlier, in line with analysts' estimates. NBAD, majority-owned by the Abu Dhabi gove


Brent hits 3-week low below $111

Brent oil futures fell by more than a dollar on Monday to a three-week trough below $111 a barrel as supply worries eased after the US agreed to call off military action against Syria in a deal with Russia to remove Damascus's chemical weapo


HSBC revenues sag, may face $1.6bn US lawsuit hit

HSBC posted lower than expected earnings on Monday and said it might have to pay $1.6 billion in damages over a US lawsuit, reviving concerns over legacy issues and growth prospects at Europe's biggest bank. Its shares fell mo

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