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Telenor Q4 profit beats forecast, dividend lags expectations
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Roche flags 2023 earnings decline on slump in COVID products
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Julius Baer 2022 profits fall as it hits business cycle targets
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Exclusive: Volvo readies EV blitz in biggest product revamp under Geely
Dollar falls to nine-month low as Powell notes progress in disinflation
Date: February 1, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of currencies after Federal Reserve Chair Jerome Powell spoke of making progress in bringing down inflation pressures, even as the U.S. central bank warned of further monetary policy tightening. Powell, speaking in a...
Investors go back to basics with simpler self-driving vehicles
Date: February 1, 2023
By Nick Carey and Paul Lienert COVENTRY, England (Reuters) – Developing fully autonomous vehicles (AVs) that can go everywhere has proven harder and more expensive than expected, but investors are continuing to fund startups that target simpler self-driving vehicle solutions far removed from pedestrians and other vehicles operated by unpredictable humans. British AV software company...
UK and EU reach post-Brexit customs deal for N.Ireland-The Times
Date: February 1, 2023
LONDON (Reuters) -Britain and the European Union have struck a customs deal that could help end post-Brexit wrangling over Northern Ireland, The Times newspaper said on Tuesday, and Brussels has also made a key concession on the European Court of Justice’s (ECJ) role. The EU has accepted a plan that would avoid the need for...
Abrdn hires investment chief after year-long hiatus
Date: February 1, 2023
LONDON (Reuters) – Abrdn has hired a new chief investment officer from one of Europe’s largest global pension investors, the company said on Wednesday, as it seeks to boost returns after a turbulent period. Peter Branner will join on May 1 from APG Asset Management and will work on simplifying Abrdn’s product range, focusing on...
Euro zone inflation drops more than expected but core price growth holds steady
Date: February 1, 2023
FRANKFURT (Reuters) – Euro zone inflation eased for the third straight month in January but relief may be limited as underlying price growth held steady and concerns have already been raised about the reliability of the figures. Inflation in the 20-nation currency bloc fell to 8.5% last month from 9.2% in December data from Eurostat,...
Adani loses Asia’s richest crown as stock rout deepens to $84 billion
Date: February 1, 2023
By Chris Thomas and Aditi Shah BENGALURU (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $84 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia’s richest person. Wednesday’s stock losses saw Adani slip...