Category Archives:
Credit Suisse warns of drop in fee revenue
ZURICH (Reuters) - Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday. Lower asset values be...
Nov 03, 2022
Turkey’s inflation hits 24-year high of 85.5% after rate cuts
ISTANBUL (Reuters) -Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate d...
Nov 03, 2022
ECB’s Centeno says large part of rate hikes should have been done
LISBON (Reuters) - The European Central Bank has already made a large part of the necessary rate hikes to contain inflation in the euro zone, which is expected to reach its peak this quarter, ECB poli...
Nov 03, 2022
VW’s SEAT says is optimistic in finding solutions on Spain’s subsidy offer
MADRID (Reuters) - The chief of Volkswagen's Spanish unit SEAT said on Thursday he is "optimistic" in finding "solutions" with national and regional authorities regarding the subsidy offer it received...
Nov 03, 2022
ECB can’t just mirror Fed moves, Lagarde says
FRANKFURT (Reuters) - The European Central Bank must be attentive to policy decisions by the U.S. Federal Reserve as it influences global markets but it cannot just mirror moves in Washington, ECB Pre...
Nov 03, 2022
ECB should hike interest rates further to combat inflation, Nagel says
MADRID (Reuters) - The European Central Bank should hike interest further to bring inflation back under control, policymaker Joachim Nagel said on Thursday. "The ECB should not refrain from further hi...
Nov 03, 2022
Solvay raises cash flow target, announces battery materials JV with Orbia
By Elena Vardon (Reuters) - Belgian chemicals company Solvay on Thursday raised its full-year free cash flow guidance on better-than-expected earnings, and announced a joint venture with Mexico's Orbi...
Nov 03, 2022
European shares open sharply lower as Fed hints at higher peak rates
(Reuters) - European shares opened sharply lower on Thursday after the Federal Reserve dampened any hopes of a downshift in its aggressive fight against inflation, with the U.S. central bank instead h...
Nov 03, 2022
Russian rouble slides past 62 vs dollar to over 2-week low
(Reuters) - The Russian rouble hit a more than two-week low against the dollar in early trade on Thursday, as global oil prices slipped after the Federal Reserve raised interest rates and expectations...
Nov 03, 2022
China says US has ‘no right to interfere’ in Hamburg port deal
BEIJING (Reuters) - The U.S has "no right to interfere" in Chinese cooperation with Germany, the foreign ministry said Thursday, after Washington "strongly suggested" that Beijing would not get a cont...
Nov 03, 2022
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