JPMorgan profit declines on lower revenues

Source: Bloomberg
JPMorgan Chase & Co, the largest bank in the United States, posted a significant 19% decrease in its quarterly profit for the first three months on this year, while income from mortgages and fixed-income trading dropped. Net profit reached $5.27 billion, down from $6.53 billion a year ago. Today, JPMorgan Chase & Co shares decline 3.5% to $55.41 per share by 13:50 GMT in New York.
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Fri, 11 Apr 2014 14:56:06 GMT

IMF: U.S. to remain the major world economic growth engine

According to the International Monetary Fund expectations, the United States will remain one of the biggest contributors to global economic expansion in the nearest future, with the average annual growth of 3.9%, contributing 0.52% to global GDP advance. Analysts point out that this number will account for around two thirds of the growth the U.S. contributed 25 years ago.

Fri, 11 Apr 2014 09:40:03 GMT

Asia's currencies to climb for third straight week

Asian currencies were set for a third consecutive weekly advance, led by South Korean Won, as worldwide funds raised holdings of the regional assets on worries about U.S. interest rate increase. The Bloomberg-JPMorgan Asia Dollar Index, added 0.2% weekly to 115.71 at 11:22 a.m. Hong Kong time. The Won rose 1.7% to 1,036.25 per Dollar, while Malaysia's Ringgit added 1.4%

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