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Fifth Third Bancorp quarterly profit dips on interest income weakness

Fifth Third Bancorp reported a fall in second-quarter profit on Friday, as costlier deposits eroded the regional lender's interest income.

Regions Financial's quarterly profit falls on lower interest income

Regions Financial reported a 14% fall in its second-quarter profit on Friday, as the lender earned less from customers' interest payments.

Global cyber outage grounds flights, hits banks, telecoms, media

A software update wreaked havoc on computer systems globally on Friday, grounding flights, forcing some broadcasters off air and hitting services from banking to healthcare.

Asian foreign reserves decline in 2024 first half

Asia's foreign reserves have dropped this year as central banks have intervened to support their currencies, with Japan, Indonesia and South Korea leading the declines.

New Burberry chief faces tough choices on high-end ambitions

Burberry's new boss Joshua Schulman faces an immediate strategy dilemma.

Microsoft says cause of outage at 365 apps and services fixed

Microsoft said on Friday that the underlying cause for outage of its 365 apps and services has been fixed, but the residual impact of cybersecurity outages are continuing to affect some customers.

China to boost support for equipment upgrades and consumer goods trade-ins

China will step up support for its program of equipment upgrades and consumer goods trade-ins, state media reported on Friday, citing a cabinet meeting.

ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say

Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.

Globally mobile millionaires threaten to desert Britain over tax

For ultra-wealthy entrepreneur Bassim Haidar, living in London has become an expensive indulgence he can no longer justify.

China lithium rebounds on Chile earthquake, but demand concerns persist

China's lithium prices rebounded on Friday after a powerful earthquake hit Chile's major lithium producing region, although growing demand concerns weighed on the metal used in electric vehicle batteries.

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