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Swiss National Bank posts record H1 loss, says no policy impact
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Analysis-EU gas solidarity complicated by lack of fuel sharing deals
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Air France-KLM lowers capacity forecast citing ‘operational challenges’
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Oil prices steady as market weighs tight supply against recession fears
Rightmove sees stable property market for rest of 2022 after cooling slightly in H1
Date: July 29, 2022
(Reuters) – UK’s Rightmove expects “broadly stable” market activity for the rest of the year, the online real-estate portal said on Friday, after it posted a higher half-year profit. The operator of Britain’s No. 1 real estate portal also said the property market cooled slightly in the first half of the year from the frenetic...
EssilorLuxottica improves margin in challenging market
Date: July 29, 2022
By Jagoda Darlak (Reuters) -Luxury eyewear company EssilorLuxottica raised its operating margins substantially in the first half of the year, it said on Friday, despite a challenging environment. The maker of Oakley and Ray-Ban sunglasses said its adjusted operating margin rose by 100 basis points to 18.4% in the six months to June 30. “We’re...
BNP Paribas profit beats estimate as bad loan provisions dip
Date: July 29, 2022
By Julien Ponthus PARIS (Reuters) – French bank BNP Paribas reported better-than-expected profit in the second quarter, after bad loan provisions dipped despite the economic slowdown and as businesses remained buoyant, particularly in its investment banking division. France’s biggest-listed lender said on Friday its net income rose 9.1% to 3.18 billion euros ($3.25 billion) year-on-year...
Apple faces lukewarm demand in China after quarterly revenue drop -analysts
Date: July 29, 2022
By Josh Horwitz SHANGHAI (Reuters) – Apple should brace for a weakening of demand in China as shoppers curb spending in an anemic economy, some analysts warned on Friday, after the iPhone maker said demand had rebounded in mid-June after COVID-19 lockdowns hampered sales. The iPhone maker on Thursday reported quarterly revenue in Greater China...
Billionaire Jack Ma plans to cede control of China’s Ant Group – WSJ
Date: July 28, 2022
HONG KONG/BEIJING (Reuters) -Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth. While Ma only owns a 10% stake in Ant, an affiliate...
Winding up Canada trip, pope visits historic churches
Date: July 28, 2022
By Philip Pullella and Kevin Dougherty SAINTE-ANNE-DE-BEAUPRE, Quebec (Reuters) – Pope Francis on Thursday visits two of the oldest Roman Catholic churches in North America as he winds up a trip to Canada centered on his apology for the Catholic Church’s role in the country’s notorious residential schools. In the morning Francis presides at a...