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UK lender Virgin Money sticks to annual outlook despite mortgage pressures
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Stocks drop, Treasuries gain after Fitch downgrades US rating
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Fresenius Medical forecasts smaller income decline as cost inflation eases
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Analysis-Point of no return: Australians fight for the right to work from home permanently
BP to defend its rights in dispute with Venture Global LNG; other clients weigh options
Date: August 2, 2023
BP to defend its rights in dispute with Venture Global LNG; other clients weigh options By Ron Bousso, Curtis Williams and Andrei Khalip LONDON/HOUSTON/LISBON (Reuters) -BP will defend its rights “to the absolute fullest” in an arbitration case against U.S. exporter Venture Global LNG over failing to supply contracted cargoes, Chief Executive Officer Bernard Looney...
Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow
Date: August 2, 2023
Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow By Yuvraj Malik (Reuters) – Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is...
German supermarket seeks to charge shoppers ‘true’ environmental cost
Date: August 1, 2023
German supermarket seeks to charge shoppers ‘true’ environmental cost By Riham Alkousaa and Andreas Buerger BERLIN (Reuters) – German shoppers, who enjoy some of Europe’s cheapest groceries, are being asked this week by discount supermarket Penny to pay extra for some items to cover their “true cost” as it seeks to raise awareness of the...
Nexi to defend turf, sees Banco hit only after 2024
Date: August 1, 2023
Nexi to defend turf, sees Banco hit only after 2024 By Valentina Za MILAN (Reuters) – Italian payments giant Nexi vowed to fight to retain customers after banking partner Banco BPM chose to switch to a rival provider for retailer and card payments. Nexi reported second quarter results which, as expected, showed slower annual growth...
European shares retreat as factory activity falters
Date: August 1, 2023
European shares retreat as factory activity falters By Sruthi Shankar (Reuters) -European stocks slipped on Tuesday, with the German DAX pulling back from record highs as shrinking factory activity in the euro zone and China underscored growing risks to the global economy from rising interest rates. The pan-European STOXX 600 index was down 0.5%, with...
Spain’s factory activity shrinks again in July on weak demand -PMI
Date: August 1, 2023
Spain’s factory activity shrinks again in July on weak demand -PMI MADRID (Reuters) – Factory activity in Spain contracted for the fifth consecutive month in July as domestic and foreign demand for Spanish goods weakened, a survey showed on Tuesday. The HCOB Purchasing Managers’ Index (PMI) for Spanish manufacturing compiled by S&P Global fell to...