Discover Financial fourth-quarter profit jumps on lower loan loss provisions
(Reuters) – U.S. credit card issuer Discover Financial posted a more than threefold increase in fourth-quarter profit on Wednesday, helped by a drop in provisions for credit losses and a rise in interest income. The Federal Reserve’s decision to lower
Capital Economics: South Africa’s retail and mining bolster GDP outlook
On Wednesday, Capital Economics provided an analysis of South Africa’s economic activity data for November, indicating a robust end to the previous year, driven primarily by the mining and retail sectors. The firm predicts that South Africa’s GDP will grow