Puma Raises Revenue Projection After A Strong Q2 Report
Summary Q2 EBIT grows 34.4% y/y to 146 million euros Surpasses 2 bln euros in quarterly sales for the first time Raises full-year 2022 revenue outlook CEO says the company ...
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Tag: Germany
Russia’s Gazprom Tightens Provisions On Gas Streams To Europe
Summary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Russia tightened its gas squeeze on Europe on July 25 as Gazprom ...
HSBC Ready To Fend Off Ping An Breakup Proposal
Summary HSBC speeding up disposal of non-core markets, assets Bank to renew commitment to deploy more capital to Asia Lender due to report results and strategy on Aug. 1 HSBC ...
Europe’s Risk Of Recession Grows Amid Fears Russia May Turn Off Gas Supplies
Energy prices had already risen in the second half of last year but Russia’s invasion of Ukraine has aggravated this scenario. Europe faces an increasing risk of recession owing to ...
An ECB Crisis: The Quest For A Neutral Euro Zone Interest Rate
Summary ECB policymakers increasingly refer to a 'neutral rate' in discussing the hiking cycle Eurozone neutral rate was seen between 1%-2%, but economists and policymakers still divided Neutral rates vary ...
Mercedes-Benz Announced Global Recall Of A Million Older Vehicles
The German carmaker says the move was triggered by a possible problem with the braking system. Mercedes-Benz has revealed it is at once recalling around one million older vehicles worldwide ...
By Dragon’s Rock, Global Policymakers Plan How To End Stagflation
The world's top finance ministers and central bankers meeting around Germany's Dragon's Rock on May 19 have their beast to kill: stagflation. The Group of Seven financial leaders is coming ...
Allianz To Pay $6B Fine In U.S. Fraud Case, Fund Managers Indicted
Germany's Allianz SE (ALVG.DE) accepted to pay over $6 billion and its U.S. asset management unit accepted charges of criminal securities fraud over the collapse of a group of investment ...
Deutsche Bank Not Funding Contentious African Oil Pipeline
Deutsche Bank (DBKGn.DE) is not funding a pipeline in Africa that environmental campaigners have said will displace thousands of families and disturb nature reserves, a person familiar with the matter ...
Traders Set For Turbulent Swings As Rate Hikes Cause Volatility
Traders in the world’s biggest market had to steer through unruly intra-day swings and declining deal prices as central banks quickly withdrew stimulus measures, in a small-scale reminder of a ...