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(MENAFN - AFP) BNP Paribas bank revealed a net loss of 4.3 billion euros ($5.75 billion) for the second quarter on Thursday, holed by charges for a record US fine for sanctions busting.

The French bank, a leading bank in Europe, said the overall loss was also weighed down by charges for new compliance procedures to ensure that such errors do not occur again.

Shares ...

 
(MENAFN - AFP) Japan's top three banks on Thursday posted lower quarterly profits as the impact of last year's stock market surge faded.

Mitsubishi UFJ, the country's biggest lender, saw its net profit slip about six percent to 240.5 billion yen ($2.4 billion) as revenue weakened in the three months through June.

Rivals Mizuho Financial Group and Sumitomo Mitsui Financial ...

 
(MENAFN - AFP) Volkswagen, Europe's biggest auto group, on Thursday posted a robust quarterly net profit thanks to growth in China and higher profits at its luxury car divisions Audi and Porsche.

In the quarter from April to June, the German group's net profit surged 12.5 percent to 3.2 billion euros ($4.3 billion).

But the strong euro weighed on group sales, which ...

 
(MENAFN - AFP) US oil giant ExxonMobil Thursday reported higher second-quarter profits despite pumping less oil and gas than it did a year ago.

Exxon, the biggest US oil company and the second-largest US company in terms of market capitalization after Apple, said earnings came in at $8.8 billion, up 28 percent from the year-ago level.

Production of oil and gas declined ...

 
(MENAFN - AFP) Argentina blamed the United States Thursday for the legal battle that forced it into its second default in 13 years, accusing the judge and mediator in the case of "incompetence."

The country officially went into default Wednesday night after the failure of 11th-hour talks with two US hedge funds refusing to accept a write-down on their Argentine bonds.

Argentine ...

 
(MENAFN - AFP) Airbus has enjoyed its best ever Farnborough show in terms of orders, the head of the European planemaker said on Thursday, helping it close the gap on US rival Boeing.

Airbus said it had won commitments and firm orders for 496 planes worth more than $75 billion (55 billion euros) at the key industry sales event that alternates annually with the Paris airshow.

Boeing ...

 
(MENAFN - AFP) Kenya and Ethiopia, home to some of Africa's largest transport hubs, said Thursday they had boosted measures to combat possible Ebola cases arriving in their countries.

Kenya's National Disaster Operation Centre said in a statement that "port health services are on standby, with enhanced screening at border points to prevent and contain any possible disease ...

 
(MENAFN - AFP) The scientist who helped discover the Ebola virus said the outbreak in west Africa was unlikely to trigger a major epidemic outside the region, adding he would happily sit next to an infected person on a train.

But Professor Peter Piot told AFP that a "really bad" sense of panic and lack of trust in the authorities in west Africa had contributed to the world's ...

 
(MENAFN - AFP) British border staff are not ready to deal with possible Ebola cases arriving in the country and there are no containment facilities for suspected victims, a union leader said Thursday.

Fears that the outbreak of the virus in west Africa could spread to other continents have grown in recent days, putting border staff across Europe and Asia on high alert.

Lucy ...

 
(MENAFN - AFP) Fifty-seven more deaths from the Ebola epidemic spreading alarm in west Africa have pushed the overall fatality toll from the outbreak to 729, the World Health Organization said Thursday.

The 57 deaths were recorded between Thursday and Sunday last week in Guinea, Liberia, Nigeria and Sierra Leone, the UN health agency said in a statement.

It added that ...

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