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CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange
FRANKFURT (Reuters) - Porsche AG Chief Executive Oliver Blume rang the bell and hugged colleagues on what he called the "historic moment" of the luxury car brand listing on Thursday after Germany's bi...
Syndicated Content Sep 29, 2022
UK’s Truss presses on with ‘controversial’ economic plan, says it’s the right course
LONDON (Reuters) -British Prime Minister Liz Truss defended her economic plan that has roiled financial markets, saying on Thursday she was willing to take "controversial" steps to reignite growth and...
Syndicated Content Sep 29, 2022
Europe’s STOXX 600 drops 1% ahead of German inflation data
(Reuters) - Europe's STOXX 600 index fell on Thursday, led by declines in shares of Swedish group H&M after dismal earnings, with investors awaiting a reading on German inflation data for clues on int...
Syndicated Content Sep 29, 2022
Porsche AG shares debut at 84 euros
BERLIN (Reuters) - Porsche AG shares debuted at 84 euros ($81.15) on the stock market on Thursday in Germany's biggest initial public offering (IPO) in more than 25 years. Books closed on Wednesday wi...
Syndicated Content Sep 29, 2022
VW finance chief: “Today is a good day for Porsche and for Volkswagen”
BERLIN (Reuters) - The listing of Porsche AG gives the luxury car maker more entrepreneurial autonomy to implement its strategy and Volkswagen more flexibility in financing the transformation towards ...
Syndicated Content Sep 29, 2022
JP Morgan Swiss head Bossart moves to Rothschild & Co
By Oliver Hirt ZURICH (Reuters) - U.S. investment bank JP Morgan's head of Switzerland, Nick Bossart, is moving to Rothschild & Co to lead its Swiss advisory business for mergers and capital market tr...
Syndicated Content Sep 29, 2022
Spain’s 12-month inflation slows down to 9.0% in September from 10.5%
(Reuters) - Spain's consumer prices rose 9.0% year-on-year in September, down from 10.5% in the previous month, preliminary data from the National Statistics Institute (INE) showed on Thursday. The re...
Syndicated Content Sep 29, 2022
Germany’s most populous state sees biggest inflation jump in decades
BERLIN (Reuters) - German inflation likely grew significantly in September based on initial data from its most populous state, which saw the biggest jump since the early 1950s, according to its statis...
Syndicated Content Sep 29, 2022
UK Treasury minister rejects IMF concern over tax-cutting budget
LONDON (Reuters) -Chris Philp, Britain's chief secretary to the Treasury, said he disagreed with concerns raised by the International Monetary Fund about the government's tax-cutting budget that has r...
Syndicated Content Sep 29, 2022
ECB should focus on rate policy over balance sheet cut, Centeno says
FRANKFURT (Reuters) - The European Central Bank should focus on interest rate policy over balance sheet operations as its deposit rate is still far from the so-called neutral rate, the bank's intermed...
Syndicated Content Sep 29, 2022
Peoria, IL, USA
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