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At Europe’s big banks, women make some gains despite Rose exit
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UK banks back in political crosshairs after Farage fiasco
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Swiss National Bank posts $15 billion loss during second quarter
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Sustainable funds grab new money worldwide in Q2 but lag in U.S.- Morningstar
Capgemini to invest 2 billion euros in AI after higher half-year sales
Date: July 28, 2023
Capgemini to invest 2 billion euros in AI after higher half-year sales (Reuters) -French IT consulting group Capgemini on Friday posted higher half-year revenue, driven by its cloud, data and artificial intelligence (AI) activities, and said it would invest 2 billion euros ($2.19 billion) in AI over three years. The Paris-based company tries to help...
Oil climbs close to April peak on tighter supply
Date: July 27, 2023
Oil climbs close to April peak on tighter supply By Alex Lawler LONDON (Reuters) -Oil climbed by almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains...
Automakers’ demand helps STM weather softening chip market
Date: July 27, 2023
Automakers’ demand helps STM weather softening chip market (Reuters) -European chipmaker STMicroelectronics on Thursday forecast higher third-quarter sales as demand from automakers helped it beat revenue forecasts in the second quarter, even as it flagged higher inventories in a sign of a weaker chip market. Chipmakers have been reporting sluggish demand, with rival Texas Instruments...
Mediobanca to launch new $223 million buyback after record year
Date: July 27, 2023
Mediobanca to launch new $223 million buyback after record year MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in its new fiscal year after closing the previous one with record revenues and profits. The bank posted a 13% yearly rise in...
Sabadell doubles Q2 net profit, lifts guidance for 2023
Date: July 27, 2023
Sabadell doubles Q2 net profit, lifts guidance for 2023 By Jesús Aguado MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations and prompting the bank to lift its guidance for overall lending income and profitability in 2023. Spain’s fourth-largest bank by market value reported a net profit...
EDF swings to profit thanks to price increases
Date: July 27, 2023
EDF swings to profit thanks to price increases PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss in 2022 thanks to higher electricity prices and nuclear reactor output. Net income was 5.8 billion euros ($6.44 billion), compared with a loss of...