Finance

MTU Aero Engines increases net profit by 44% in 2022

MTU Aero Engines increases net profit by 44% in 2022

Aircraft engine manufacturer MTU Aero Engines (ETR:MTXGn) has increased in 2022 the net profit to 333 million euros, 44% more than a year earlier, due to revenues in maintenance of commercial aircraft. MTU Aero Engines reported today that operating profit before special items improved in the same period to €655 million (+40%), while turnover rose …

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FCC awarded two rail contracts in Romania for more than 800 million

FCC awarded two rail contracts in Romania for more than 800 million

The FCC group (BME:FCC), through its construction division, has been awarded two railway contracts in Romania tendered by the National Railway Company (CFR) totaling more than €800 million. The projects are limited to the Lugoj-Timisoara Est and Alesd-Poieni sections, which have 42 months of execution including six months of design, as indicated to the company. …

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TUI loses 256.1 million euros in the first quarter, 33.4% less

TUI loses 256.1 million euros in the first quarter, 33.4% less

The tourist group TUI (ETR:TUIGn) lost €256.1 million in its first quarter of 2023, 33.4% less than a year earlier, and wants to repay more state aid with a capital increase. TUI reported on Tuesday that in the first quarter of the year, which began in October, it invoiced almost 3,750.5 million euros, 58.3% more …

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Mixed European futures, with an eye on the United States

Mixed European futures, with an eye on the United States

European markets could open the session in negative, judging by the movement of futures at this time. The future of the Dax quotes flat, the future of the Cac 40 is left 0.1% and the future of the Ibex 35 It loses 0.1% at the moment. Wall Street closed yesterday in the green. This Tuesday …

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TUI registers abundant bookings for summer with tourism recovery

TUI registers abundant bookings for summer with tourism recovery

Many feared that recessionary pressures would dampen travel demand, but the results of airlines such as Ryanair (LON:RYA), Wizz Air (LON:WIZZ) and easyJet (LON:EZJ) showed promising momentum and indicate that consumers are preparing for their holidays. TUI Group, one of the world’s largest tour operators, said its revenue in the first quarter reached 3.800 billion …

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Bitcoin at $500,000 by 2030? This is what Cathie Wood predicts

Fiat currencies defeat digital currencies; Bitcoin rebounds by FOMO

Cathie Wood is one of the most recognized and respected analysts of the Wall Street environment. The expert recently said that a good future holds for Bitcoin and that in the coming years its price would take off significantly. Wall Street guru Cathie Wood has been characterized as a loyal cryptocurrency enthusiast, as she even …

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European stock markets rise, real estate values fall

European stock markets rise, real estate values fall

European stock markets opened higher on Monday ahead of U.S. inflation data forecast for Tuesday, while property values fell after disappointing quarterly results from Sweden’s Castellum. The pan-European index STOXX 600 It advanced 0.2%, after registering its first weekly fall in three sessions on Friday. Stockholm-listed Castellum lost 5.8 percent after announcing plans to raise …

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The Hang Seng falls 0.1% as real estate falls

The Hang Seng falls 0.1% as real estate falls

The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed today with losses of 0.12% in a session marked by the decline in real estate values. The selective yielded 26 points to 21,164.42, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong parquet, the Hang …

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Catalonia receives a new proposal to expand El Prat on the sea

Catalonia receives a new proposal to expand El Prat on the sea

The Government of Catalonia has received a new proposal to expand the airport of El Prat in which the construction of a runway over the sea, one mile from the coast, 3,400 meters long, which would involve the investment of about 2,100 million euros. Sources from the Department of Territory have confirmed to EFE that, …

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Cosentino: the millionaire IPO marred by the conviction for silicosis

Cosentino: the millionaire IPO marred by the conviction for silicosis

The Cosentino Group is preparing its IPO this year, an operation in which the company’s valuation may exceed 3,000 million euros and in which a conviction has been crossed against the president of the multinational for five cases of silicosis in a marble factory in Vigo. For the operation Cosentino has hired the services of …

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The City of London bets on cryptocurrencies after Brexit

The City of London bets on cryptocurrencies after Brexit

Despite the fact that the cryptocurrency market is going through a cold winter after the collapse of recent months, the United Kingdom accelerates plans to take advantage of its regulatory independence after Brexit and turn the City of London into a global hub for crypto assets. The so-called Edinburgh Reform, the British Government’s roadmap to …

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Honda increases operating profit 22% in third quarter and beats estimates

Honda increases operating profit 22% in third quarter and beats estimates

Japan’s Honda Motor (TYO:7267Co on Friday posted a better-than-expected 22% increase in third-quarter operating profit as a weak yen helped offset rising raw material costs and lower vehicle production and sales due to a shortage of chip supply. Operating profit for the three months to Dec. 31 was 280.400 billion yen ($2.130 billion). This contrasts …

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European futures in the red at the end of the week

European futures in the red at the end of the week

European markets could open the session in negative, judging by the movement of futures at this time. The future of the Dax falls by 0.7%, the future of the Cac 40 is left 0.1% and the future of the Ibex 35 It loses 0.1% at the moment. Wall Street closed in the red yesterday. This …

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Intel weighs increasing investment in its chip plant in Vietnam – sources

Intel weighs increasing investment in its chip plant in Vietnam - sources

Intel Corp (NASDAQ:INTC) is considering a significant increase from its current $1.500 billion investment in Vietnam to expand its chip testing and packaging plant in the Southeast Asian nation, two sources familiar with the matter told Reuters. The potential investment, which one of the sources said could be around $1 billion, would bolster Vietnam’s growing …

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Algeria is once again the main source of natural gas for Spain -Enagás

Enagas cancels the acquisition of 20% of the BBL gas pipeline

Algeria regained its position as Spain’s top natural gas supplier in January, contributing a quarter of monthly demand, gas network operator Enagás (BME) reported on Thursday. Although the North African country was the one that sent the most gas monthly to Spain since Enagás began recording data in 2006, in January 2022 it fell to …

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UK investigates Barclays over money laundering controls -FT

UK investigates Barclays over money laundering controls -FT

Britain’s financial regulator is investigating Barclays (LON:BARCPLC for alleged failures in its compliance and anti-money laundering systems, the Financial Times newspaper reported on Friday. Britain’s Financial Conduct Authority (FCA) last year called for an independent review of Barclay’s systems after finding a number of anti-money laundering incidents, the newspaper reported, citing people familiar with the …

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Credit Suisse posts its biggest losses since the financial crisis

Credit Suisse posts its biggest losses since the financial crisis

Credit Suisse (SIX:CSGNGroup on Thursday reported its biggest annual losses since the 2008 global financial crisis, battered by scandals and major withdrawals from unprecedented client outflows. Switzerland’s second-largest bank posted a fourth-quarter net loss of 1.390 billion Swiss francs ($1.510 billion), in line with the average forecast of analysts surveyed by the bank itself. The …

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Twitter lags behind in fight against disinformation, says EU

Twitter (NYSE:TWTR), owned by Elon Musk, has fallen behind Alphabet’s Google (NASDAQ:GOOGL), Meta (NASDAQ:GOAL) Platforms, Microsoft (NASDAQ:MSFT) and TikTok in the fight against disinformation in the last six months, the European Commission said on Thursday, urging Twitter to redouble its efforts. Companies on Thursday submitted progress reports on compliance over the past six months with …

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The Ibex-35 caresses three-year highs with an eye on data and central banks

The Ibex-35

Spain’s main stock index rose slightly at the opening of Thursday and touched its highest level in three years, buoyed by lower-than-expected German inflation data, despite a backdrop of uncertainty over the interest rate outlook. Analysts of the brokerage house Renta 4 (BME:RTA4) noted that markets remain “closely watching macro data in order to determine …

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Seoul fines German automakers for emissions collusion

Seoul fines German automakers for emissions collusion

South Korea’s antitrust regulator said on Thursday it will impose a combined fine of 42.300 billion won ($33.48 million) on three German automakers for agreeing to curb emissions-cleaning technology in their diesel vehicles. Mercedes-Benz, BMW (ETR:BMWG), Volkswagen (ETR:VOWG_p) and Audi (F:NSUG) engaged in collusion that reduced competition and restricted consumer choice, the Korea Fair Trade …

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Disney to lay off 7,000 workers in deep revamp of CEO Iger

Disney to lay off 7,000 workers in deep revamp of CEO Iger

Walt Disney (NYSE:DISCo on Wednesday announced a sweeping restructuring under Bob Iger, who recently returned to the company, cutting 7,000 jobs as part of an effort to save $5.500 billion in costs and make its streaming business profitable. The layoffs represent approximately 3.6% of Disney’s global workforce. The company’s shares rose 4.7 percent to $117.22 …

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Toyota’s profit falls 18% in April-December to 13.930 billion euros

Toyota's profit falls 18% in April-December to 13.930 billion euros

Japanese vehicle manufacturer Toyota Motor (TYO:7203) posted a net profit of 1.96 trillion yen (about 13.930 billion euros) between April and December, the first nine months of its fiscal year, down 18% year-on-year. Profit before interest and taxes (ebit) contracted by 11.4%, to 2.87 trillion yen (20.350 billion euros) and its operating profit fell by …

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Crédit Agricole’s profit fell by 10.5% in 2022 to €8,144 million

Crédit Agricole

Crédit Agricole (EPA:CAGR) had 8,144 million euros of profits last year, a fall of 10.5% compared to 2021 that the French bank partly attributed to several non-recurring items. In the statement presenting its results, Crédit Agricole said that its 2021 accounts had integrated 473 million euros of exceptional items, and that if it is removed …

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EU economic forecasts: 5 keys this Thursday in the markets

EU economic forecasts

Today we will be watching the economic forecasts of the European Union. Some data that could serve the European Central Bank (ECB) for its monetary policy strategy. The business earnings season continues. The petroleum It trades with volatility. Cryptocurrencies move with falls this morning. Here are the five factors that investors should consider today when …

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Equinor makes record profit in 2022 and exceeds expectations in fourth quarter

Equinor makes record profit in 2022 and exceeds expectations in fourth quarter

Equinor posted a record profit of $74.900 billion in 2022 on Wednesday, more than double its previous record, thanks to rising gas prices and fourth-quarter results beating analysts’ expectations. The adjusted operating result of the producer of petroleum and gas for October-December rose to $15.100 billion, from $15 billion a year earlier, surpassing the $000.14 …

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La Bolsa de Seúl sube un 1,3 % tras los comentarios de Powell

La Bolsa de Seúl sube un 1,3 % tras los comentarios de Powell

The main indicator of the Seoul Stock Exchange, the Kospi, rose 1.3% on Wednesday after comments from US Federal Reserve Chairman Jerome Powell that inflation has begun to soften. The South Korean benchmark gained 31.93 points to 2,483.64, while the technology index Kosdaq It gained 9.92 points, or 0.91%, to 1,095.2 points. On Tuesday, Powell …

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Grenergy obtains a green loan of 90 million for a 150 MW wind farm

Grenergy Renovables earned 10.3 million euros in 2022, down 36%

Grenergy has closed an agreement for the financing with a green loan worth 89.5 million euros of a solar park located in the province of Cuenca of 150 MW. The agreement has been reached with Bankinter (BME:BKT) and the Norddeutsche Landesbank Girozentrale bank and also includes other complementary credit lines for the construction and development …

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Nikkei down 0.29% on worse-than-expected corporate reports

Nikkei

The main index of the Tokyo Stock Exchange, the Nikkei, fell 0.29% on Wednesday as investors were disappointed by worse-than-expected financial results among major domestic companies. The Nikkei, which groups the 225 most representative titles of the market, fell 79.01 points, to 27,606.46 integers. On the other hand, the broader selective Topix, which includes the …

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Wuhan, first major Chinese city to ease the limit on home purchases

Wuhan, first major Chinese city to ease the limit on home purchases

Wuhan, in central China, became the first major Chinese city to ease the limit of residential properties a family can buy, a move aimed at trying to revive activity in the Asian giant’s battered real estate market, local media reported today. The authorities of the city, capital of the province of Hubei and eighth locality …

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Metacade: The best P2E investment to ride the GameFi wave?

Metacade: The best P2E investment to ride the GameFi wave?

The global GameFi market grew tremendously in popularity during the COVID-19 pandemic. That boom has skyrocketed since global lockdowns have eased, to the point that experts predict that the blockchain gaming market will go from $4.600 billion to $65.700 billion by 2027, an annual growth rate of more than 70%. Crypto gaming investors have quickly …

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Wall Street futures fall ahead of Powell’s speech

Wall Street

U.S. stocks point to an opening with no major changes on Tuesday, aimless ahead of an expected speech by Federal Reserve Chairman Jerome Powell and more business results. At 13:00 (CET), the contract of Dow futures fell 30 points, or 0.1%, while S&P 500 futures are up 4 points, or 0.1%, and Nasdaq 100 futures …

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Crypto Alert: Binance Suspends Dollar Bank Transfers

Crypto Alert: Binance Suspends Dollar Bank Transfers

“As of February 8, we will temporarily suspend all bank transfers in dollars. Only a small portion of our users will be affected by this and we are working hard to restart the service as soon as possible. All other methods of buying and selling cryptocurrencies will not be affected.” This has been announced by …

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Stock market tension returns: The keys of the week, for Investing.com

Stock market tension returns: The keys of the week, for Investing.com

Intense week with markets quoting central bank rate decisions. Investing.com Spain intervened yesterday in the online program of finance and markets Krolus TV. Laura Sánchez, editor-in-chief of Investing.com Spain, participated in the program presented and hosted by José Basagoiti to analyze the current situation of the financial markets. 1. Powell’s speechAfter Friday’s successful U.S. jobs …

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Crypto Assets: Beyond Speculation – Attractions and Risks

Crypto Assets: Beyond Speculation - Attractions and Risks

CFA Institute, the global association of investment professionals, presents an objective review of the development of digital finance. The report sets out recommendations for institutional investors and regulators. For CFA Institute, crypto assets need a stable and organized regulatory framework that protects investors. Without it, cryptocurrencies will not be in a position to gain mainstream …

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Acciona signs a wind PPA with Fortia for the next 10 years

Acciona signs a wind PPA with Fortia for the next 10 years

Acciona (BME:ANNAEnergy has signed a new power purchase agreement (PPA) with Fortia, the energy management platform for large industrial consumers, for the supply of all the energy generated in six wind farms over the next 10 years. The supply, which will amount to 254 GWh per year and will contribute to the supply of the …

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A court in Madrid reduces Orcel’s compensation to 43.4 million euros

A court in Madrid reduces Orcel's compensation to 43.4 million euros

A Madrid court cut the compensation awarded to Italian banker Andrea Orcel last year by €8 million to 43.4 million euros ($46.75 million) after Santander (BME:SAINT) withdrew his bid to make him CEO, a court document showed. However, the court considered Santander’s letter with the offer to Orcel as a binding contract, according to the …

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Nissan to buy up to 15% of Renault’s EV subsidiary in new alliance

Nissan Raises Global EV Sales Targets and Will Increase U.S. Presence

Nissan and Renault (EPA:RENADetails of their redesigned alliance on Monday unveiled details of their redesigned alliance, in which the Japanese automaker pledges to buy a stake of up to 15 percent in Renault’s electric vehicle (EV) unit, Ampere. The junior alliance partner, Mitsubishi Motors (TYO:7211), will also consider investing in Ampere, which Renault intends to …

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The Hang Seng falls 2% on tensions between China and the US

The Hang Seng falls 2% on tensions between China and the US

The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, fell 2.02% today on renewed tensions between China and the US, which increased investors’ fears of new US sanctions on Chinese firms, especially in the technology sector. The selective yielded 438.31 points to 21,222.16, while the index that measures the behavior of mainland …

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European futures in red: Lagarde speaks again today

European futures in red: Lagarde speaks again today

European markets could open the session in negative, judging by the movement of futures at this time. The future of the Dax falls by 0.4%, the future of the Cac 40 0.5% is left and the future of the Ibex 35 It loses 0.1% at the moment. This Monday we will be attentive to the …

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Dell to cut about 6,650 jobs -Bloomberg News

Dell to cut about 6,650 jobs -Bloomberg News

Dell Technologies Inc will cut about 6,650 jobs, or about 5 percent of its global workforce, weighed down by falling demand for its personal computers, Bloomberg News reported on Monday. The company is experiencing market conditions that “continue to erode with an uncertain future,” co-chief operating officer Jeff Clarke wrote in a memo to employees, …

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European stock markets fall as interest rate nerves persist

European stock markets

European stock markets fell on Monday, led by losses in Aurubis (ETR:NAFG) AG, the largest producer of copper of the continent, while the fear that the cycle of global rate hikes could persist for longer keeps investors on tenterhooks. The pan-European index STOXX 600 It lost 0.4 percent at 0815 GMT after two straight weeks …

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Delta Cafés wants to continue growing in Spain

delta cafés

With a share already close to 10%, the Portuguese giant Delta Cafés wants to continue growing in Spain with more presence in direct sales to the consumer and new innovations, to further boost its largest international market. “Spain already has 40% of the total of what we export from Portugal,” explains to EFE during a …

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EU stops importing diesel from Russia

EU stops importing diesel from Russia

After the charcoal And crude oil comes diesel. The ban on importing that hydrocarbon and other petroleum products from Russia comes into force this Sunday in the European Union and is added to the sanctions mechanism for the invasion of Ukraine that seeks to financially suffocate the Kremlin. “We anticipate that we will be ready …

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French Parliament tackles pension reform in high strain

French Parliament

The draft reform of the pension system of French President Emmanuel Macron arrives this Monday at the National Assembly amid enormous political and social tension, with two new days of union mobilization on the horizon. The Executive must seek in the chambers the majority that Macron’s party does not have to move forward with a …

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The unions ask to recover the production of models of the Seat brand

production of models of the Seat brand

The president of the SEAT works council, Matías Carnero, has asked the Volkswagen group (ETR:VOWG_p) that the production of Seat models be increased to give an outlet to the accumulated demand and thus stop “penalizing” this historic brand against the Cupra brand. In statements to EFE, Carnero has assured that the time has come to …

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The markets, pending the Confidence indices of the euro area and the US

disney

Markets will be watching this week for the University of Michigan Investor Confidence in the Eurozone (Sentix) and Consumer Confidence indices in the US, as well as industrial production data for Germany, Spain, Italy and the United Kingdom for December. After a week in which attention has been marked by central bank meetings and interest …

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Labour market resilience faces uncertainties in 2023

labour market resilience faces uncertainties in 2023

The labour market faces a stress test in 2023 in a context of slowing growth in which it will be seen if the paradigm shift of the labour reform consolidates, after a positive 2022 in which it has returned to the level of employment prior to the financial crisis of 2008. At the moment the …

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Jury Finds Musk Not Liable for Cheating Case Over Tesla Tweets

Jury Finds Musk Not Liable for Cheating Case Over Tesla Tweets

A federal jury in San Francisco (USA) declared on Friday the businessman Elon Musk not responsible for the alleged millionaire losses that several investors attributed to his tweets of 2018 in which he said he had enough funds to take the company out of the stock market, something that never happened. The jury of nine …

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Tata studies building a European EV battery plant in Spain or the UK

Tata

Tata’s chief financial officer told Reuters last month that the carmaker was considering building plants in India and Europe to produce EV batteries. Its aim in Europe would be to supply batteries to its luxury subsidiary Jaguar Land Rover, which has production facilities in Britain and Slovakia. The company told the Spanish government after negotiations …

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Wall Street futures fall after tech fiasco

U.S. GDP, NVIDIA, Alibaba results: 5 keys on Wall Street

U.S. stock futures point to a lower opening on Friday as traders digest a series of pessimistic results from technology heavyweights and await the release of key U.S. labor market data. At 12:35 (CET), the S&P 500 futures down 36 points or 0.86% and Nasdaq 100 futures, loaded with technology, are left 195 points or …

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Tech giants halt stock rise, waiting for payrolls in the US

Tech giants halt stock rise, waiting for payrolls in the US

Rising global stock markets, buoyed by hopes central banks will end aggressive interest rate hikes, hit headwinds on Friday after weak profits from U.S. tech giants and ahead of key U.S. jobs data. MSCI’s world equity index fell 0.2 percent but remained near its highest level since August after a sharp rally in recent weeks …

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Deutsche Bank earns 5,025 million euros in 2022, 159% more

Deutsche Bank

Deutsche Bank, the first private bank in Germany, obtained in 2022 a net attributable profit of 5,025 million euros, 159% more than in 2021 and the highest result for fifteen years, despite the increase in provisions and positive tax effects. Deutsche Bank reported on Thursday that last year it had net income of 27,210 million …

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Sony improves its forecasts but remains below expectations

Sony improves its forecasts but remains below expectations

Japan’s Sony Group Corp on Thursday raised its full-year profit forecasts by 1.7 percent, thanks to strong results from its PlayStation gaming unit, but fell short of analysts’ estimates. The electronics and entertainment giant also said its chief financial officer, Hiroki Totoki, will become president and chief operating officer effective April 1, retaining his current …

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Shell achieves record annual profit of $40 billion

Shell achieves record annual profit of $40 billion

Shell said on Thursday it posted a record profit of $40 billion in 2022, capping a tumultuous year in which Russia’s invasion of Ukraine allowed the energy giant to distribute shareholders unprecedented returns. The British company’s record annual profits, which doubled from a year earlier, are in line with those reported by its U.S. competitors …

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Siemens Gamesa doubles losses in first quarter to €884 million

Siemens Gamesa doubles losses in first quarter to €884 million

Siemens Gamesa lost 884 million euros in the first quarter of its fiscal year 2023 (October to December), doubling the 403 million it had lost in the same period of 2022, affected by the failures detected in the monitoring of its installed fleet of wind turbines. The wind turbine manufacturer has informed the National Securities …

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Commercial Mortgage Truerate Services: Everything You Need To Know

Owing to the fluctuations in the economy and the rise of inflation worldwide, it has become crucial for corporations to have a strong hold on their finances. Lack of control may backfire on the company’s growth and also disturb their finances by leaps and bounds. These days, companies face more challenges from better-developed and well-funded …

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Nissan and Renault move closer to reviewing their 23-year alliance

Nissan and Renault move closer to reviewing their 23-year alliance

Nissan and Renault are about to undertake a sweeping overhaul of their global auto alliance as their top executives meet on Thursday to try to readjust the two-decade-old alliance and chart the course for an uncertain future in the power sector. The leaders of Nissan Motor (TYO:7201) Co Ltd and Renault SA (EPA:RENA) will meet …

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The Ibex-35 consolidates levels while waiting for the ECB and the Fed

The Ibex-35 consolidates levels while waiting for the ECB and the Fed

The Ibex-35 It ended Wednesday’s session with a slight decline, after a bullish streak that brings the Spanish stock market index closer to its best monthly performance in more than two years, in a context of relative optimism about the next steps of the big central banks. “(This is) healthy profit-taking after the strong rise …

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Stock markets lower as corporate earnings fuel recession fears

Stock markets lower as corporate earnings fuel recession fears

An index of global stock markets fell from five-month highs on Wednesday and U.S. Treasuries rose as corporate results stoked recession fears, overshadowing recent optimism that the Federal Reserve could soon reverse its aggressive monetary tightening. The bleak outlook for Microsoft Corp (NASDAQ:MSFT) published yesterday point to a bleaker future for the technology sector, after …

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U.S. Notes Some Chinese Companies Help Russia in Ukraine-Source

U.S. Notes Some Chinese Companies Help Russia in Ukraine-Source

The United States has determined that some Chinese companies are providing non-lethal aid to Russia for use in the Ukraine war and authorities are conveying their concerns to the Chinese government, a source familiar with the matter said on Tuesday. The source, who spoke on condition of anonymity, said: “What we are seeing is non-lethal …

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European stocks fall after data fueling concern about rate hikes

European stocks fall after data fueling concern about rate hikes

European stock markets fell on Tuesday as improving economic activity in the euro zone fuelled speculation that the European Central Bank may have more room to raise interest rates to curb inflation. The pan-European index STOXX 600 It lost 0.2% but closed far from its session lows. Data showed euro zone business activity surprisingly returned …

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U.S. sues Google over ad tech business – court document

U.S. sues Google over ad tech business - court document

The U.S. Justice Department filed a lawsuit on Tuesday against Alphabet’s Google, for alleged abuse of dominant position in the digital advertising business, according to a court document. “Google has used anti-competitive, exclusionary and illegal means to remove or severely reduce any threat to its dominance over digital advertising technologies,” the government states in its …

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