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BP, the U.K. oil giant, announced a 34 percent rise in profits Tuesday – but its results bore out the importance of its Russian investments.
UBS posted a forecast-beating second-quarter net profit as it booked a $280 million charge to help settle litigation in Germany.
The Gherkin, one of London’s most recognizable buildings, is up for sale, and is expected to reach £650 million plus, according to property sources.
German bank results beat expectations but increases reserves for future litigation or settlements by to $2.95 billion.
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Ranjith Gopinathan, programme manager, life sciences and healthcare practice at Frost & Sullivan, discusses pharmaceutical groups Merck and Pfizer ahead of their quarterly results.
Hessam Nadji, CSO at Marcus and Millichap, discusses the U.S. real estate market and says that on the residential side, the back half of the year should be "pretty strong".
Dan Greenhaus, chief global strategist at BTIG, says that on a relative basis, the U.S. equity market remains "where you want to be".