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Sabadell’s Q1 hits profitability target after lower costs, provisions
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StanChart profit beats estimates, flags strong outlook on rising rates
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Austria’s OMV plans rouble accounts for Russian gas – FT
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China, supply chain issues hurt Beiersdorf adhesives unit’s outlook
Cricket-Stokes to be unveiled as England test captain on Thursday – the Guardian
Date: April 28, 2022
LONDON (Reuters) – All-rounder Ben Stokes is to succeed Joe Root as England test captain and the appointment will be announced later on Thursday, the Guardian said. Rob Key would make the announcement in his first media conference since being appointed managing director of men’s cricket by the England and Wales Cricket Board (ECB), the...
Explainer-Shanghai death numbers raise questions over its COVID accounting
Date: April 28, 2022
By David Stanway SHANGHAI (Reuters) – China’s biggest COVID-19 outbreak, in Shanghai, has again raised questions about the country’s official data – especially a death rate that despite a recent jump, remains far lower than elsewhere. HOW LOW IS THE DEATH RATE? Shanghai had reported no COVID-19 deaths for more than a month after the...
Swiss National Bank posts $34 billion loss as bond losses bite
Date: April 28, 2022
ZURICH (Reuters) – The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as lower bond prices and the higher franc dented the value of its foreign currency investments. The bank made a loss of 36.8 billion francs from its foreign currency investments...
Faurecia-Aptoide signs up Mercedes in infotainment win over Google
Date: April 28, 2022
By Gilles Guillaume PARIS (Reuters) – Mercedes-Benz will use embedded Faurecia-Aptoide technology to power navigation and other vehicle infotainment functions in a crucial win for the app provider against Alphabet Inc’s Google and other technology firms to control car dashboards. The companies said on Thursday that under a multi-year partnership, from 2023 the joint venture...
Economic growth risks jolt inflation-obsessed markets
Date: April 28, 2022
By Sujata Rao and Dhara Ranasinghe LONDON (Reuters) -After months focusing on central banks’ response to raging inflation, financial markets are being jolted into the realisation that a global economic downturn may now loom. Sentiment dampeners include the Ukraine war, huge rises in energy and metals prices, aggressive central bank policy tightening led by the...
EU to suspend tariffs on Ukraine imports for one year, Kyiv grateful
Date: April 28, 2022
BRUSSELS (Reuters) -The European Commission proposed on Wednesday a one-year suspension of import duties on all Ukrainian goods not covered by an existing free trade deal to help the country’s economy during the war with Russia. The measures will apply in particular to fruit and vegetables, subject to minimum price requirements, agricultural products facing quotas,...