Author: Ritu

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Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates

Germany’s Commerzbank (ETR:CBKG) said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. The bank said it sees “upside potential” in net interest income this year, and raised its forecast to 7 billion euros ($7.7 billion) from a previous 6.5 billion euros. The bank’s shares […]

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Asian Stocks Creep Higher, China Lags On Disappointing Data

Most Asian stock markets rose on Tuesday, tracking some overnight resilience in U.S. equities as markets awaited more cues on the world’s largest economy, although broader gains were held back by disappointing Chinese economic data. Outperformance in Japan’s Nikkei 225 index persisted, with the index up 0.9% at an 18-month high as a strong first-quarter […]

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Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump

Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) offer from global private equity firm TPG had been tabled just weeks after it rejected a lower bid it said undervalued the funeral services provider. Shares of InvoCare rose to A$12.36 by 0424 GMT, outperforming the broader […]

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Russia’s War On Ukraine Latest: Ukraine Retakes Land Around Bathmat

Moscow acknowledged on Friday that its forces had fallen back north of Ukraine’s battlefield city of Bakhmut after a new offensive, in a retreat that the head of Russia’s Wagner private army called a rout. CONFLICT Russian-installed officials on Friday said missiles fired by Ukrainian forces had injured six children and a Russian parliamentarian and […]

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More Than 2 Million Toyota Users Face Risk of Vehicle Data Leak In Japan

Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident comes as the world’s biggest automaker by sales makes a push into vehicle connectivity that is seen as crucial to offering services such as […]

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Asian Stocks Sink Amid Pre-CPI Angst, China Extends Losses

Most Asian stocks sank on Wednesday as markets hunkered down before key U.S. consumer inflation data due later in the day, with Chinese bourses down for a second straight session after disappointing trade readings. China’s Shanghai Composite and Shanghai Shenzhen CSI 300 indexes fell 1.2% and 0.8%, respectively, tracking weaker-than-expected import data that ramped up […]

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Asia FX Dips After Chinese Imports Disappoint, Dollar Rises

Most Asian currencies retreated on Tuesday tracking softer-than-expected Chinese import data, while the dollar firmed ahead of more cues on the U.S. economy from key inflation data due this week. China’s yuan fell 0.1% as data showed China’s imports fell more than expected in April, indicating that local demand in the country remained dim despite […]

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Adidas Quarterly Sales Beat Expectations Despite Yeezy Crisis

Adidas said on Friday its first-quarter numbers came in better than expected, although sales dipped 1% from a year-ago period, as investors hope for the German sportswear giant to turn its fortunes around. Adidas (OTC:ADDYY), which last year ended a lucrative partnership with Ye, the rapper formerly known as Kanye West, gave no update on […]

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The Fate of Abundance Advancements Investigated: third Yearly Center East Abundance Tech Gathering and Grants 2023

The Fate of Abundance Advancements Investigated: third Yearly Center East Wealth Tech Gathering and Grants 2023 Abundance advancements allude to the utilization of imaginative innovations, for example, computerized reasoning and large information to give an option in contrast to customary abundance the executives firms. This is utilized fully intent on making abundance the board and […]

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Asian Stocks Skittish After The Fed, Chinese Markets Reopen Stronger

Most Asian stock markets kept to a tight range on Thursday as investors mulled over rising interest rates and a worsening economic outlook, although strong holiday spending figures from China supported local shares. China’s Shanghai Composite index rose 0.6%, while losses in the Shanghai Shenzhen CSI 300 index were limited as local markets reopened after […]

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