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Credit Suisse Stock Down On Q4 Loss, FY23 View For Substantial Pre-tax Loss

Credit Suisse Stock Down On Q4 Loss, FY23 View For Substantial Pre-tax Loss

Shares of Credit Suisse Group AG were losing around 9 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the banking major said it sees substantial loss before taxes in fiscal 2023 after reporting narrower loss in its fourth quarter with lower expenses, despite weak revenues.
RTTNews | 957 hari yang lalu
European Shares Gain Amid Earnings Deluge

European Shares Gain Amid Earnings Deluge

European shares rose for a third straight session on Thursday, with a slew of positive earnings updates and expectations of a milder-than-expected recession boosting sentiment.
RTTNews | 957 hari yang lalu
FTSE 100 Gains As Recession Worries Ease

FTSE 100 Gains As Recession Worries Ease

U.K. stocks traded higher on Thursday as a slew of upbeat earnings results offset concerns surrounding inflation and interest-rate hikes.
RTTNews | 957 hari yang lalu
CAC 40 Gains On Earnings Boost

CAC 40 Gains On Earnings Boost

French stocks were sharply higher on Thursday as investors cheered strong earnings results and waited for U.S. inflation data due next week for additional clues on the U.S. rate outlook.
RTTNews | 957 hari yang lalu
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Disney To Cut 7,000 Jobs, Sees $5.5 Bln Cost Savings; To Reinstate Dividend

Disney To Cut 7,000 Jobs, Sees $5.5 Bln Cost Savings; To Reinstate Dividend

Walt Disney Co. announced plans to cut 7,000 jobs worldwide as part of its restructuring efforts to save billions in costs. The planned layoffs represent around 3.6 percent of Disney's global workforce. Chief Executive Officer Bob Iger, during the company's first-quarter earnings call, said the restructuring would help the firm save $5.5 billion in costs.
RTTNews | 957 hari yang lalu
DAX Rallies On Inflation Data

DAX Rallies On Inflation Data

German stocks rallied on Thursday after preliminary data showed German inflation rose by a less than anticipated 8.7 percent year-on-year in January, helping ease pressure on the European Central Bank to keep raising rates.
RTTNews | 957 hari yang lalu
German Inflation Slows In January

German Inflation Slows In January

Germany's harmonized inflation slowed in January underpinned by government subsidies on energy bills, official data showed Thursday. Inflation, based on the harmonized index of consumer prices, eased unexpectedly to 9.2 percent from 9.6 percent in December, provisional data from Destatis revealed. The rate was seen at 10.0 percent.
RTTNews | 957 hari yang lalu
European Economic News Preview: Germany Inflation Data Due

European Economic News Preview: Germany Inflation Data Due

Consumer prices data from Germany is the top economic news due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany's provisional consumer prices data for January. Economists expect consumer price inflation to rise to 8.9 percent in January from 8.6 percent in December.
RTTNews | 958 hari yang lalu

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