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  • Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates

    Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates0

    Germany’s Commerzbank (ETR:CBKG) said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. The bank said it sees “upside potential” in net interest income this year, and raised its forecast to 7 billion euros ($7.7 billion) from a previous 6.5 billion euros. The bank’s shares

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  • Asian Stocks Creep Higher, China Lags On Disappointing Data

    Asian Stocks Creep Higher, China Lags On Disappointing Data0

    Most Asian stock markets rose on Tuesday, tracking some overnight resilience in U.S. equities as markets awaited more cues on the world’s largest economy, although broader gains were held back by disappointing Chinese economic data. Outperformance in Japan’s Nikkei 225 index persisted, with the index up 0.9% at an 18-month high as a strong first-quarter

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