FIFA fully supports 2018 World Cup in Russia: Blatter | ||
| | ||
Moscow (AFP) - World football boss Sepp Blatter said Tuesday that FIFA unconditionally supports Russia's staging of the 2018 World Cup. "FIFA unconditionally supports the staging of the World Cup by Russia," he told the R-Sport news agency in comments translated into Russian, adding: "We trust the country, its government."
Join the conversation about this story »  | ||
| |
Standard Chartered Shares Are Tanking As Profits Get Slashed By The Asian Slowdown | ||
| | ||
Standard Chartered just announced a 16% drop in profits for Q3, compared to the same three months last year. And the bank's shares are tanking in London as markets open this morning, down 6.35%. Earnings before tax are down to $1.53 billion, and profits for the nine months of the year so far are down by nearly a fifth from 2013. That's partly down to the slowdown in Asian economies. China's growth dropped to 7.3% in the third quarter and is expected to slow even further. It's not the first disappointment for Hong Kong's oldest bank. CEO Peter Sands calls trading conditions "subdued," and the results say that the "market environment remains challenging." It's not the the first disappointment for Standard Chartered. The bank warned investors about its profit outlook earlier this year, and its share price was down by more than a quarter so far this year before the results came out:
SEE ALSO: New York Bans Standard Chartered Bank From New Dollar Clearing Accounts Join the conversation about this story »  | ||
| |
Russia will recognise Ukraine separatists' elections: Lavrov | ||
| | ||
Moscow (AFP) - Russia plans to recognise elections being organised next weekend by rebels in east Ukraine in defiance of the government in Kiev, Foreign Minister Sergei Lavrov said in an interview Tuesday. "We expect the elections will go ahead as agreed, and we will of course recognise the results," Lavrov told Izvestia daily ahead of the Sunday polls staged by two pro-Russian separatist regions of east Ukraine. Join the conversation about this story »  | ||
| |
BP announces slump in profits | ||
| | ||
London (AFP) - Profits at BP slumped in the third quarter, the energy giant said on Tuesday against a backdrop of sliding crude oil prices. Net profit tumbled 63 percent to $1.29 billion (1.0 billion euros) in the three months to the end of September, compared with the outcome for the equivalent period in 2013, BP said in an earnings statement. Join the conversation about this story »  | ||
| |
Lloyds Banking Group to cut 9,000 jobs | ||
| | ||
London (AFP) - Britain's state-rescued Lloyds Banking Group announced on Tuesday that it plans to cut 9,000 jobs by the end of 2017 to slash costs. "In order to make the Group more efficient, we expect to exit 2017 with a cost:income ratio of around 45 percent and are targeting reductions in each year of the plan," LBG said in a statement. "We also anticipate a reduction of 9,000 full time roles by the end of 2017 and plan to make further simplification savings of £1 billion ($1.6 billion, 1.27 billion euros) per annum by the end of 2017." Join the conversation about this story »  | ||
| |
