SQUAWK BOX, TUESDAY 28TH APRIL, 2020

SQUAWK BOX, TUESDAY 28TH APRIL, 2020

HSBC’s first quarter profit slumps 48 per cent as it warns the Coronavirus crisis will have a material impact on capital and liquidity. CFO Ewen Stevenson, however, says it is starting to see some signs of recovery in China. Swiss lender UBS has posted a 40 per cent rise in Q1 net profit thanks to lower loan loss provisions and higher trade revenue. CEO Sergio Ermotti says its clients have remained active. Santander creates a €1.6bn reserve pot to mitigate the virus fallout after it sees Q1 profit nosedive by 82 per cent. And in Switzerland, industrial giant ABB warns the group will be significantly challenged by a sharp drop in demand due to the lockdowns.

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Jaksot(1823)

Iran blames U.S. for ceasefire cracks

Iran blames U.S. for ceasefire cracks

Iran accuses the U.S. of violating the new ceasefire agreed on Tuesday with Israel continuing to target Hezbollah sites in Lebanon. U.S. Vice-President JD Vance is to lead peace talks in Islamabad, Pa...

9 Huhti 27min

U.S. and Iran agree to two-week ceasefire

U.S. and Iran agree to two-week ceasefire

President Trump announces that the U.S. and Iran have agreed to a two-week ceasefire on the condition Tehran opens the Strait of Hormuz to commercial shipping. WTI and Brent sink back under the $100-m...

8 Huhti 27min

Trump deadline to reopen Strait of Hormuz ticks down

Trump deadline to reopen Strait of Hormuz ticks down

U.S. President Donald Trump has cranked up the pressure on the Iranian regime to strike a deal to reopen the Strait of Hormuz, threatening to target civilian and energy infrastructure should tonight’s...

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Trump tells Americans Iran war due to end 'very shortly'

Trump tells Americans Iran war due to end 'very shortly'

President Trump addresses the nation and says the war in Iran is nearing its end but offers no hint of de-escalation, adding that the U.S. will continue to strike the country. Markets surge on the new...

2 Huhti 26min

Equities surge on renewed hops of de-escalation in the Gulf

Equities surge on renewed hops of de-escalation in the Gulf

Hopes of a de-escalation in the U.S.-Iran conflict help push all three Wall Street majors into the green with the Nikkei and Kospi leading Asian stocks gains. U.S. President Trump has indicated he is ...

1 Huhti 25min

Brent on track to post record monthly gains

Brent on track to post record monthly gains

Brent is on course for its biggest monthly gain ever but has dipped overnight after a WSJ report that President Trump could be willing to halt the conflict without reopening the Strait of Hormuz by fo...

31 Maalis 25min

Brent on course for record gains as Iran conflict enters fifth week

Brent on course for record gains as Iran conflict enters fifth week

Oil prices continue to surge as the Iran conflict enters its fifth week. Brent is set for its largest monthly gain ever with the Strait of Hormuz still largely closed. Asian markets are selling off wh...

30 Maalis 25min

Trump extends deadline to attack Iran

Trump extends deadline to attack Iran

President Trump extends his deadline for attacks on Iran's energy infrastructure until April 6th, as talks reportedly continue. The US leader insists Tehran is desperate to end the war, even as it rej...

27 Maalis 27min

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