SQUAWK BOX, THURSDAY 30TH JULY, 2020

SQUAWK BOX, THURSDAY 30TH JULY, 2020

Credit Suisse leads a slew of European earnings, reporting a 24 per cent increase in second quarter profit as CEO Thomas Gottstein announces a merger of the global markets and investment banking divisions. Standard Chartered reports a 25 per cent drop in first-half profits and warns it is bracing for a fresh wave of Covid-19 challenges. Revenues at Airbus fall 55 per cent as losses total €1.6bn for the French aerospace firm so far this year. And in energy news, Total unveils an $8bn writedown after taking a hit on its Canadian assets.

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Jaksot(1822)

Brent surges to 4-year high as Trump eyes blockade extension, strikes

Brent surges to 4-year high as Trump eyes blockade extension, strikes

Brent crude oil hits a war-time record of more than $123 per barrel after Axios reports U.S. President Trump is to be briefed on potential further strikes on Iran after rejecting Tehran’s offer to re-...

30 Huhti 26min

Deutsche Bank and UBS post record quarterly results

Deutsche Bank and UBS post record quarterly results

Two of Europe’s key lenders enjoy stellar quarterly results on the back of market volatility. Deutsche Bank hikes revenue guidance after record profits while UBS notches a profit increase of 80 per ce...

29 Huhti 26min

Trump slams Iranian moves to postpone nuclear talks

Trump slams Iranian moves to postpone nuclear talks

U.S. President Donald Trump voices displeasure at Iran’s proposal to postpone nuclear talks until after the conflict ends. Meanwhile, German Chancellor Friedrich Merz slams U.S. strategic aims in Iran...

28 Huhti 27min

Trump urges Iran to reopen talks

Trump urges Iran to reopen talks

President Trump says Iran can pick up the phone after cancelling his envoys’ negotiation trip to Pakistan. Axios reports Tehran is to table a new proposal to end the conflict and reopen the Strait of ...

27 Huhti 24min

Trump heralds Israel-Lebanon ceasefire extension

Trump heralds Israel-Lebanon ceasefire extension

U.S. President Donald Trump hails a three-week ceasefire extension between Israel and Lebanon and that he is willing to wait until an appropriate deal is reached with Iran in order to re-open the Stra...

24 Huhti 26min

Podcast summary: European Q1 earnings in focus

Podcast summary: European Q1 earnings in focus

Nestlé and Heineken both post Q1 earnings beats with LSEG and Roche results out today as well. Tesla also beats in the first quarter however it misses its revenue target and hikes capex expenditure. C...

23 Huhti 25min

U.S.-Iran ceasefire extended but Strait of Hormuz remains shut

U.S.-Iran ceasefire extended but Strait of Hormuz remains shut

U.S. President Trump extends the ceasefire with Iran in order to allow for further peace talks to be organised. However, the Strait of Hormuz remains blockaded by both sides with global markets in lim...

22 Huhti 27min

Cook to step down as Apple CEO

Cook to step down as Apple CEO

Apple CEO Tim Cook steps down from the role with hardware chief John Ternus chosen to assume the helm from September. Cook, who oversaw a $3.6tn increase in the company’s market cap during his 15-year...

21 Huhti 27min

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