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Sabadell doubles Q2 net profit, lifts guidance for 2023

Sabadell doubles Q2 net profit, lifts guidance for 2023

MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations an..

EDF swings to profit thanks to price increases

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..

ArcelorMittal cuts steel demand forecast, beats profit expectations

ArcelorMittal cuts steel demand forecast, beats profit expectations

BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, lowered its steel shipments forecast on Thursday for this ye..

Banks to fuel boom in UK Plc regular dividend payouts

Banks to fuel boom in UK Plc regular dividend payouts

MILAN (Reuters) – A recovery in bank payouts is set to lift UK regular dividends by 6.1% to 88.9 billion pounds ($114.8 billion)..

Samsung to extend production cuts after $7 billion chip loss in H1

Samsung to extend production cuts after $7 billion chip loss in H1

SEOUL (Reuters) -Samsung Electronics on Thursday said the worst is over for the global memory chip market but announced plans to exten..

Mercedes-Benz says better supplies boost orders, economy still weighs

Mercedes-Benz says better supplies boost orders, economy still weighs

BERLIN (Reuters) – Mercedes-Benz forecast a subdued world economy with monetary policy weighing on consumers even as supply chai..

Facebook parent Meta sees advertising jump, tops Wall Street targets

Facebook parent Meta sees advertising jump, tops Wall Street targets

(Reuters) – Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping Wall Street financial targets for..

Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google

Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google

(Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google ..

Nissan seals Renault deal, now faces hard yards in China

Nissan seals Renault deal, now faces hard yards in China

TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault’s new electric vehicle unit, the automakers said on Wedn..

Limited support for central bank digital currencies in global investment industry survey

Limited support for central bank digital currencies in global investment industry survey

LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank digital currencies to date ha..