India’s Muthoot Finance misses Q1 profit view as impairment charges soar

India’s largest gold loan provider, Muthoot Finance , reported a smaller-than-expected first-quarter profit on Tuesday, as higher impairment charges and finance costs outpaced strong loan demand on the back of elevated gold prices.

Indian gold-loan provider Manappuram Finance reported a first-quarter profit rise on Tuesday, helped by strong gold-loan growth.

B. Riley Financial’s shares fell 11% in premarket trading on Tuesday after the investment bank disclosed a delay in filing its quarterly report with the U.S. Securities and Exchange Commission, adding to a sharp plunge triggered by expectations of a second-quarter loss.

Systematic trading strategies including those run by hedge funds continue to dump trades, adding to about $109 billion of global equity futures sold in the past month, Goldman Sachs strategist Scott Rubner said in a note seen by Reuters on Tuesday.

Russia’s central bank on Tuesday cancelled the banking licence of American Express Co’s Russian subsidiary after the U.S. lender’s unit filed a voluntary liquidation request.

Just Group ‘s first-half profit beat estimates on Tuesday, and the British insurer now expects full-year earnings to surpass its previous expectations on demand for pension insurance, sending shares up as much as 18% in early trading.

Poland’s BNP Paribas BP posted a bigger than expected 36% jump in second-quarter net profit on Tuesday, supported by a one-off positive impact from deferred tax, and lower legal provisions related to Swiss franc mortgages.

Shares of Challenger Ltd rose to their highest levels in nearly 16 months on Tuesday after the Australian investment management firm beat estimates on annual earnings, while investors also cheered its fiscal 2025 earnings outlook.

Citigroup’s head of digital assets for its markets unit, Shobhit Maini, is leaving the bank after more than 14 years, according to an internal memo seen by Reuters.

Sun Life Financial , Canada’s second-largest life insurer, on Monday beat analysts’ estimates for quarterly profit boosted by strong sales at home and in Asia, a key growth market.

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