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Sanofi profit slips on generic competition and currency effects
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Polish central bank reports loss of $5 billion dollars in 2023
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Maersk could offer limited Baltimore barge service
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Telecoms firm Orange slips on drop in French broadband customers
Spain sees US-style economic boost from immigrant workers
Date: April 24, 2024
Spain sees US-style economic boost from immigrant workers By Belén Carreño MADRID (Reuters) – Achieving her career ambitions in Spain has proved remarkably easy for Sara Hernandez, a systems architect from Venezuela who found her skills were in hot demand when she arrived in Madrid. Spain may have Europe’s highest unemployment rate but moving to...
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
Date: April 24, 2024
Orsted says Taiwan wind project to power TSMC on track for 2025 finish TAIPEI (Reuters) – Denmark’s Orsted, the world’s biggest offshore wind farm developer, said on Wednesday a project in Taiwan that will provide power for chipmaker TSMC is progressing well and is on track for completion next year. Orsted said in March of...
Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%
Date: April 24, 2024
Standard Chartered lowers Vietnam 2024 growth forecast to 6.0% HANOI (Reuters) – Standard Chartered has cut its forecast for Vietnam’s economic growth this year to 6.0% from 6.7%, the bank said on Wednesday, citing lower-than-expected growth in the first quarter and global trade headwinds. “Trade, a key source of growth and investment for Vietnam, also...
Australia Q1 inflation slowdown disappoints, rate cut bets gone
Date: April 24, 2024
Australia Q1 inflation slowdown disappoints, rate cut bets gone By Stella Qiu SYDNEY (Reuters) -Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year. The Australian dollar duly jumped...
Global equity market-neutral hedge funds shine
Date: April 23, 2024
Global equity market-neutral hedge funds shine By Patturaja Murugaboopathy (Reuters) – Global equity market-neutral hedge funds have lured investors as they can deliver better returns in times of global rates uncertainty and geopolitical tension than traditional stock markets. WHY IS IT IMPORTANT Equity market-neutral hedge funds (EMN) execute strategies that capitalise on discrepancies in stock...
Electric car sales to rise but affordability in focus, IEA says
Date: April 23, 2024
Electric car sales to rise but affordability in focus, IEA says By Noah Browning LONDON (Reuters) – Electric car sales will rise strongly in 2024 and increasingly undercut oil demand, the International Energy Agency (IEA) forecast on Tuesday, adding affordability and charging infrastructure would be key to future growth. Electric car sales will hit 17...