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Bloomberg
Financial

Credit Agricole Reports Higher Profit, Warns of France Risk

Clotilde L'Angevin, deputy general manager at Credit Agricole, speaks on Bloomberg Television after the lender joined its French rivals in reporting higher profit for the third quarter, but warned that the recent turmoil in France could hurt business there in coming months. "Going forward, we want to remain very cautious because it is possible that the macroeconomic environment will have an impact on loan demand," L'Angevin says.

Leia mais: Credit Agricole Reports Higher Profit, Warns of France Risk
Bloomberg
Financial

BP's Refining Business Had a 'Banner Quarter,' CEO Says

BP said profit surged to the highest in 18 years as soaring refining margins boosted earnings, giving Chief Executive Officer Meg O'Neill a powerful tailwind as she seeks to turn around the beleaguered British energy major. "When we look forward into the fourth quarter, the margins are softening a bit," O'Neill tells Bloomberg Television.

Leia mais: BP's Refining Business Had a 'Banner Quarter,' CEO Says
Bloomberg
Financial

Tech Selloff Deepens as Intel and Amazon Shares Fall

Technology shares sold off for a second consecutive day as another round of disappointing earnings accelerated a rotation out of the artificial intelligence trade. Amazon slumped 7.3% as the firm reported greater capital spending than anticipated, while Intel plunged 23% after its revenue forecast missed analysts' estimates. Bloomberg's Ruhell Amin reports.

Leia mais: Tech Selloff Deepens as Intel and Amazon Shares Fall