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Aluminium Maker Hydro Ups Capex, Offers Downbeat Outlook, Shares Drop
Date: July 21, 2023
Aluminium maker Hydro ups capex, offers downbeat outlook, shares drop By Gwladys Fouche OSLO (Reuters) -Aluminium producer Hydro raised its guidance for capital expenditure this year and said global demand for aluminium demand was weakening, pressuring its shares, as it reported a drop in quarterly earnings in line with forecasts. Hydro guided for capital expenditure...
Why a $1.5 Trillion Source of Corporate Financing Is Choking on Higher Rates
Date: July 5, 2023
Why a $1.5 trillion source of corporate financing is choking on higher rates By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring...
Euronext to Sell 11.1% Stake in Lch Sa to Lch Group
Date: June 26, 2023
Euronext to sell 11.1% stake in LCH SA to LCH Group PARIS (Reuters) -European stock market operator Euronext said on Monday it had agreed to sell its 11.1% stake in the European operations of clearing company LCH SA to LCH Group Holdings, for 111 million euros ($121.1 million). The Amsterdam and Paris-based platform said in...
M&g Posts Net Asset Management Inflows in Q1
Date: June 8, 2023
LONDON (Reuters) – M&G recorded 1 billion pounds ($1.25 billion) of net inflows into its wholesale asset management business in the first quarter, the British insurer said on Thursday, offsetting expected redemptions from institutional clients. The group said net client inflows, excluding Heritage, stood at 0.4 billion pounds, despite redemptions triggered by the ‘mini-budget crisis’...
Banks Win Dismissal of U.S. Silver Price-Fixing Litigation
Date: May 22, 2023
Banks win dismissal of U.S. silver price-fixing litigation By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to...
BBVA’s Q1 Net Profit Rises 39% on Lending Income and Mexico
Date: April 27, 2023
BBVA’s Q1 net profit rises 39% on lending income and Mexico By Jesús Aguado MADRID (Reuters) – Spain’s BBVA on Thursday said its first quarter net profit rose 39.4% from the same quarter in 2022 thanks to a solid performance in Mexico, its main market, which offset the impact from a banking tax in Spain....