{
}
Huawei is set to test its new AI chip, the Ascend 910D, aimed at rivaling Nvidia's H100 processor. The company has approached various Chinese tech firms for testing, with samples expected by the end of May. Additionally, Huawei plans to begin mass deliveries of the Ascend 910C to Chinese customers this month, as it seeks to create competitive alternatives amid U.S. restrictions on advanced chip sales to China.
Russia's central bank has maintained interest rates at 21%, the highest in two decades, to combat inflation exceeding 10%. Despite pressure from businesses for policy easing, the bank aims to bring inflation down to its 4% target by 2026, amid concerns of an economic slowdown driven by high rates and falling oil prices. President Putin acknowledged the challenges, indicating that economic growth would be "slightly slowed" as the country seeks a "soft landing."
Donald Trump's memecoin, TRUMP, surged 54% in value following the announcement of a private dinner for top investors, with the president holding 80% of the tokens. Critics argue this investment strategy circumvents Federal Election Commission limits, while allegations of insider trading within his administration continue to surface, raising concerns about market manipulation. Meanwhile, a federal judge ordered the return of a Venezuelan immigrant deported due to an administrative error, highlighting ongoing immigration controversies linked to the Trump administration.
BNP Paribas's CEO Jean-Laurent Bonnafe expressed optimism about seizing opportunities amid a trade war-induced economic slowdown, despite the bank's mixed first-quarter results showing a 4.9% drop in net income to €2.95 billion. While revenues surged in its investment banking division, rising costs and sluggish retail performance, particularly in Italy, raised concerns among investors, leading to a 1.7% drop in shares. Bonnafe reaffirmed the bank's growth targets for 2024-26, emphasizing the need for European reinvestment amid fiscal spending plans.
BNP Paribas reported a 4.9% year-on-year decline in net profit, impacted by exceptional items, including a €226m effect from Ukraine activities. Despite this, the bank's revenues rose 3.8% to €12.96bn, driven by strong performance in corporate and investment banking, while retail banking showed modest growth. The bank aims for over 7% average annual net profit growth, with a CET1 ratio of 12.4% and ongoing cost reduction initiatives.
BNP Paribas reported a Q1 2025 net income of €2.95 billion, down 4.9% year-on-year, attributed to high non-recurring items in Q1 2024. The bank's Corporate and Investment Banking division saw a 12.5% rise in net banking income, while management costs exceeded expectations, leading to a 2.2% drop in shares. Despite challenges, BNP reaffirmed its 2026 targets, aiming for over 7% annual net income growth.
BNP Paribas reported a 4.9% decline in first-quarter net income to €2.95 billion, attributed to the re-inclusion of its Ukrainian operation, yet maintained profit forecasts amid a challenging economic outlook. The investment bank's sales surged, particularly in equity trading, while the retail sector showed sluggish performance. CEO Jean-Laurent Bonnafe expressed confidence in the bank's positioning to benefit from increased corporate activity linked to fiscal spending plans in Europe.
BNP Paribas reported a 4.9% decline in Q1 net income to €2.95 billion, aligning with forecasts, as strong performance in its investment banking division offset broader economic concerns. CEO Jean-Laurent Bonnafe reaffirmed profit targets despite a challenging outlook, highlighting a 12.5% sales increase in corporate and institutional banking. The bank is also pursuing a €3.3 billion cost-cutting plan through 2026, with significant savings already achieved.
BNP Paribas reported a 4.9% decline in first-quarter net income to €2.95 billion, attributed to the re-inclusion of its Ukrainian operation, but maintained profit forecasts amid a challenging economic outlook. The investment bank's sales surged, particularly in equity trading, reflecting increased client activity despite global trade tensions. CEO Jean-Laurent Bonnafe emphasized the bank's readiness to capitalize on potential corporate activity from EU fiscal plans, while also noting ongoing cost-cutting measures.
BNP Paribas reported a 4.9% decline in first-quarter net income to €2.95 billion, attributed to the re-inclusion of its Ukrainian operation, yet maintained profit forecasts amid a challenging economic outlook. The investment bank's sales rose 12.5%, driven by increased client activity in turbulent markets, while overall group revenues climbed 3.8% to nearly €13 billion. CEO Jean-Laurent Bonnafe expressed confidence in the bank's positioning to benefit from potential corporate activity linked to fiscal spending plans in Germany and the EU.
UKR
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Huawei develops new AI chip to rival Nvidia's high-performance processors
11:16 28.04.2025
Russia maintains high interest rates to combat persistent inflation challenges
14:54 25.04.2025
trump's cryptocurrency venture raises concerns over insider trading and election contributions
United States Dollar
Norse Atlantic ASA
Apple Inc.
International Monetary Fund FUND
UKR
CHN
SLV
RUS
USA
Charles Gasparino
Stephanie Gallagher
John Ganz
Joe Weisenthal
Adam Schiff
JD Vance
Show more
18:46 24.04.2025
BNP Paribas CEO optimistic on European growth despite mixed quarterly results
Euro
Morgan Stanley
AXA SA
Citigroup Inc.
JPMorgan Chase & Co.
BNP Paribas SA
Bank of America Corporation
ITA
FRA
UKR
Jean-Laurent Bonnafé
Show more
18:37 24.04.2025
bnp paribas reports mixed results amid strong trading and investment growth
17:05 24.04.2025
BNP Paribas reports mixed Q1 results and reaffirms 2026 financial targets
10:37 24.04.2025
BNP Paribas reports mixed Q1 results amid global trade war concerns
10:08 24.04.2025
bnp paribas reports mixed q1 results amid global trade war concerns
08:33 24.04.2025
BNP Paribas reports steady earnings amid global trade war concerns
07:54 24.04.2025
BNP Paribas reports steady earnings amid global trade war concerns
Euro
Morgan Stanley
Citigroup Inc.
JPMorgan Chase & Co.
BNP Paribas SA
Bank of America Corporation
ITA
FRA
UKR
DEU
Jean-Laurent Bonnafé
Show more
07:19 24.04.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: