COPENHAGEN – Danske Bank reported lower-than-expected first-quarter profits, citing higher costs and turbulent financial markets, sending its shares lower on Friday even as it maintained its full-year profit outlook. Danske …
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Financial News
Foreign funds fret geopolitics taints China yuan, markets :Mike Dolan
by Reutersby ReutersBy Mike Dolan LONDON – Paradigm lost? A long-held view among many investors that China’s currency and markets would one day sit at the centre of world finance to match …
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(Reuters) – Russia’s inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank room to cut interest rates …
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Nokian Tyres says it is preventing use of Russian factory for war
by Reutersby ReutersBy Essi Lehto HELSINKI – Finland’s Nokian Tyres is still running its Russian factory and as long as it stays in the company’s hands production there will not support Russia’s …
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Financial News
Taiwan’s Delta Electronics expanding ‘everywhere’ on EV, server boom
by Reutersby ReutersBy Ben Blanchard and Sarah Wu TAIPEI – Taiwan’s Delta Electronics Inc, a supplier of power components to companies such as Apple Inc and Tesla Inc, is expanding manufacturing “everywhere” …
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Financial News
Mercedes looking at energy options should Russia turn off the gas -CEO
by Reutersby ReutersBy Nick Carey LONDON – Mercedes-Benz is looking at energy alternatives should Russia cut gas deliveries and is working closely with German authorities to ensure energy supplies, the premium carmaker’s …
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Financial News
Norway’s Norse hopes to crack budget transatlantic airline market
by Reutersby ReutersBy Victoria Klesty OSLO – New Nordic airline Norse Atlantic started ticket sales on Friday for budget transatlantic flights, hoping to succeed where Norwegian Air spectacularly failed, by betting on …
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Financial News
China, U.S. discussing audit deal plan as delistings loom – sources
by Reutersby ReutersBy Jing Xu and Julie Zhu BEIJING/HONG KONG – China and U.S. regulators are discussing operational details of an audit deal that Beijing hopes to sign this year, sources familiar …
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SHANGHAI/HONG KONG -CATL, the world’s largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it …
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Financial News
China regulator publishes internal control rules for wealth management companies
by Reutersby ReutersSHANGHAI – China’s banking and insurance regulator on Friday published draft rules regulating internal control and management at wealth management companies. Such rules included that wealth management companies should not …
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BERLIN -The German economy grew slightly in the first quarter of this year, supported by stronger investment, but the war in Ukraine began having an increasing impact from the end …
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By Jesús Aguado MADRID -Spain’s BBVA beat forecasts on Friday with a 36.4% year-on-year rise in first quarter net profit, driven by a strong performance in emerging markets, while competitor …
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Financial News
Lending to euro zone businesses slowed in early weeks of Ukraine war
by Reutersby ReutersFRANKFURT – Bank lending to euro zone businesses slowed in March, reinforcing expectations that Russia’s war in Ukraine would prompt both banks and corporations to tread cautiously, data from the …
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By Bernadette Christina JAKARTA – When Indonesian cooking oil prices started climbing in November, authorities faced pressure to contain the cost of the household necessity made from palm oil and …
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NEW YORK, NY – A group of black males opened fire after being engaged in an argument with a 14-year-old and 18-year-old victim in Queens on Thursday. Police said at …
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Financial News
Signify earnings beat estimates on demand for energy saving lights
by Reutersby ReutersAMSTERDAM -Signify, the world’s biggest maker of lights, reported a 9% jump in first-quarter core earnings on Friday, topping analysts’ expectations, as growing demand for energy saving lights outweighed persistent …
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Breaking NewsNew York NewsPolice Blotter
Woman Pistol Whipped and Robbed on New York City Subway Train
by Adam Devineby Adam DevineNEW YORK, NY – A 44-year-old woman was pistol-whipped and robbed on a New York City subway train on April 19th at around 8:25 pm. On Thursday, the New York …
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Financial News
Analysis-Globalised yuan complicates Beijing’s bid to stem capital flight
by Reutersby ReutersBy Samuel Shen and Alun John SHANGHAI/HONG KONG – This month’s dive in China’s currency has revived memories of past routs but market participants say increased foreign holdings of yuan …
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LONDON -Reckitt Benckiser Group beat first-quarter sales expectations on Friday, having increased prices to offset soaring raw material costs and flat volumes. Consumer goods manufacturers from Procter & Gamble to …
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Financial News
French economy stalls in first quarter, inflation hits new record
by Reutersby ReutersBy Leigh Thomas PARIS -France’s economic growth unexpectedly flatlined in the first quarter as consumer spending dropped in the face of record high inflation, official data showed on Friday, putting …
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By Iain Withers and Lawrence White LONDON – British lender NatWest posted a 41% jump in first-quarter profit on Friday, as rising rates boosted income even as they threaten to …
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Financial News
Shortage of materials in German manufacturing eases slightly – Ifo
by Reutersby ReutersBERLIN – A shortage of materials in the German manufacturing industry has eased slightly, the Ifo economic institute said on Friday after it surveyed 2,000 companies in the sector. In …
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Financial News
Tesla recalls another batch of Model 3 cars in China, the second in April
by Reutersby ReutersSHANGHAI -Tesla Inc is recalling 14,684 imported and locally made Model 3 cars in China on problems with software that could lead to collisions, the country’s market regulator said, the …
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By Ross Kerber BOSTON -A shareholder proposal calling on Moderna Inc to study transferring production of COVID-19 vaccines to less-developed countries won 24% support from investors on Thursday after it …
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Financial News
Spain’s GDP growth slows to 0.3% in Q1 as Madrid readies cut to 2022 outlook
by Reutersby ReutersMADRID – Spain’s economy expanded 0.3% in the first quarter from the second, preliminary data showed on Friday, slowing down from 2.2% in the previous three months as Russia’s invasion …