In its latest World Economic Outlook, the World Bank forecast growth of 2.1% in 2023, up from 1.7% in its previous forecast released in January. FILE PHOTO/Johannes P. Christo/File Photo/File Photo/File Photo WASHINGTON (Reuters) – The World Bank forecast real GDP growth of 2.1% in 2023 in its latest World Economic Outlook released on Wednesday, … Read more
Saudi Arabia’s state oil company Saudi Aramco announced on March 12 that it posted a record net profit of $161.1 billion in 2022, up 46% from the previous year. Soaring energy prices, increased sales volumes, and expanded refining margins provided tailwinds. FILE PHOTO: An oil facility in Abqaiq, Saudi Arabia, December 2019. REUTERS/Maxim Shemetov DUBAI … Read more
February 4 Mitsubishi UFJ Financial Group announced that its consolidated net income for the April-December period of 2020 increased 3.3% year-on-year to 607 billion yen, reaching the annual forecast of 600 billion yen. The photo was taken in Tokyo in September 2017 (2021 Reuters / Kim Kyung-Hoon) [Tokyo 4th Reuters]–Mitsubishi UFJ Financial Group announced on … Read more
Frankfurt, December 29th (Reuters) – The following is the stock exchange ticker for important price movements on the international financial markets and their causes: 1:01 p.m. – The UK-EU free trade agreement relief gives the Irish stock market a boost. The leading index of the Dublin Stock Exchange rose by 1.4 percent on the first … Read more
FILE PHOTO: The Daimler logo is seen before the carmaker’s annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/File Photo Munich (Reuters) – According to Daimler, the booming business with luxury cars in China is also being fueled by travel restrictions as a result of the corona pandemic. Instead of spending their money … Read more
Frankfurt, Dec 10th (Reuters) – The following is the stock exchange ticker for important price movements on the international financial markets and their causes: 8:45 am – The renewed extension of the deadline for an agreement in the Brexit dispute “by the end of the weekend” is causing problems for the pound sterling. The British … Read more
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann Zurich (Reuters) – Credit Suisse is making a write-down on its stake in the York Capital Management hedge fund. The amount of the impairment will be examined as part of the annual … Read more
Frankfurt, Nov 23 (Reuters) – The following is the stock exchange ticker for important price movements on the international financial markets and their causes: 11:53 a.m. – Investors are relieved to respond to new credit lines for Cineworld. The shares of the world’s second largest cinema chain in London rise by almost 27 percent to … Read more
Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. Picture taken May 21, 2019. REUTERS/Antonio Bronic Frankfurt (Reuters) – Deutsche Pfandbriefbank (pbb) earned more in the third quarter thanks to high demand for credit and lower refinancing costs. Earnings before taxes increased by five million euros to 75 … Read more