AmEx quarterly profit drops 76% on Friday

Source: Dukascopy Bank SA
On Friday, American Express reported a 76% plunge in its quarterly profit, as the credit card issuer set aside $1.7B to prepare for potential non-payments amid the coronavirus-related mass layoffs.
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Fri, 24 Apr 2020 17:44:26 GMT

Verizon withdraws its full-year revenue outlook

On Friday, Verizon Communications has withdrawn its 2020 revenue outlook as the company lost 68K paying subscribers in the Q1 due to lockdowns caused by the coronavirus outbreak that forced Verizon to shut down 70% of its physical stores.

Fri, 24 Apr 2020 15:56:45 GMT

Singtel subsidiaries secure $3.0B in bank credit facilities

Singapore Telecommunications announced on Friday its subsidiaries had secured about $3.0B in bank credit facilities, with the funds to be used for the company's refinancing and general purposes.

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