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Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates 0
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- May 17, 2023
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 0
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- May 16, 2023
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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Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump 0
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- May 15, 2023
Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) offer from global private equity firm TPG had been tabled just weeks after it rejected a lower bid it said undervalued the funeral services provider. Shares of InvoCare rose to A$12.36 by 0424 GMT, outperforming the broader
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Russia’s War On Ukraine Latest: Ukraine Retakes Land Around Bathmat 0
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- May 13, 2023
Moscow acknowledged on Friday that its forces had fallen back north of Ukraine’s battlefield city of Bakhmut after a new offensive, in a retreat that the head of Russia’s Wagner private army called a rout. CONFLICT DIPLOMACY ECONOMY INSIDE RUSSIA IN-DEPTH STORIES
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More Than 2 Million Toyota Users Face Risk of Vehicle Data Leak In Japan 0
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- May 12, 2023
Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident comes as the world’s biggest automaker by sales makes a push into vehicle connectivity that is seen as crucial to offering services such as
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Asian Stocks Sink Amid Pre-CPI Angst, China Extends Losses 0
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- May 10, 2023
Most Asian stocks sank on Wednesday as markets hunkered down before key U.S. consumer inflation data due later in the day, with Chinese bourses down for a second straight session after disappointing trade readings. China’s Shanghai Composite and Shanghai Shenzhen CSI 300 indexes fell 1.2% and 0.8%, respectively, tracking weaker-than-expected import data that ramped up
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