A statue is pictured next to the German Deutsche Bank logo in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuters Deutsche Bank On Thursday, it reported its 10th consecutive quarter of earnings, getting a boost from higher interest rates and favorable market conditions. Deutsche Bank reported a net profit of 1.8 billion euros ($1.98 …
Shell said last month that unexpected taxes imposed by the European Union and the United Kingdom in the wake of the profit increase would cost the group about $2 billion. Paul Ellis | Afp | Getty Images British oil giant shell On Thursday, it posted its highest annual profit on record, buoyed by skyrocketing fossil …
Eurozone inflation eased in the last two months of 2022 but the economic indicator remains well above the 2% ECB mandate. Jeff Greenberg | Global Image Collection | Getty Images Inflation in the eurozone fell for the third consecutive month in January on the back of a significant drop in energy costs. The headline inflation …
The latest growth figures for the Eurozone have been released as the European Central Bank considers what to do next. Norphoto | Norphoto | Getty Images The eurozone beat expectations on Tuesday by posting positive growth in the fourth quarter of 2022 and easing fears of a possible regional recession. Preliminary Eurostat data released on …
UBSFourth-quarter earnings beat market expectations, but the Swiss banking giant reported a drop in revenue on weak customer activity and warned of an “uncertain” year ahead. The bank reported net income of $1.7 billion for the fourth quarter of last year, bringing its full-year profit to $7.6 billion in 2022. Analysts had expected UBS to …
UBS earnings for the fourth quarter and fiscal year 2022 Read More »
Quick PMI: The UK experienced a sharp contraction in activity in January In contrast to the eurozone’s apparent recovery in business activity in January, purchasing managers’ index (PMI) readings from the UK on Tuesday showed that the economy contracted at its sharpest rate in two years. The UK’s composite S&P Purchasing Managers’ Index, which includes …
