By Jesús Aguado MADRID (Reuters) -Caixabank on Friday beat first-quarter net profit forecasts, helped by higher lending income, which the Spanish bank said would rise more than 30% in 2023 after raising its guidance, even as retail deposits dipped compared with December. Banks across Europe are benefiting from higher interest rates, and Caixabank’s net interest…
By Khalid Abdelaziz KHARTOUM (Reuters) – General Abdel Fattah al-Burhan pledged to take Sudan to civilian rule, but after going to war last month with his former partner in a military coup, that looks a distant promise. As his warplanes rain strikes on the capital and his troops battle the paramilitary Rapid Support Forces of…
HANOI (Reuters) – Vietnam’s central bank bought $4.9 billion from credit institutions in the first four months of this year to shore up its foreign exchange reserves, the investment minister said on Friday. Well-managed monetary policies and stable exchange rate have enabled the State Bank of Vietnam (SBV) to continue to buy foreign currency to…
By Alasdair Pal and Lucy Craymer SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coronation in London on Saturday even though both are life-long republicans who do not shy away from making their positions clear. Australian Prime Minister Anthony Albanese and his New Zealand…
By Kane Wu HONG KONG (Reuters) – U.S. private equity firm Bain Capital is nearing the final close of its fifth and biggest Asia-focused fund after having raised around $6 billion from global investors, said two people with knowledge of the situation. The committed capital to the fund has exceeded the firm’s initial target of…
By Federica Mileo (Reuters) – Air France-KLM on Friday reported better-than-expected first-quarter revenue and robust cash flow as it benefited from a global recovery in air travel and strong summer ticket sales. The carrier’s revenue grew 42% year-on-year to 6.33 billion euros ($6.97 billion), just above the 6.30 billion euros expected on average by analysts…
(Reuters) -German industrial orders fell significantly more than expected in March, decreasing by 10.7% from the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday. A Reuters poll of analysts had pointed to a 2.2% decrease. It marks the largest month-on-month decline since 2020 at the height of…
LONDON (Reuters) -Adidas’ first-quarter numbers came in better than expected, the company said on Friday, with sales down 1% from a year-ago period, as investors hope for the German sportswear giant to turn its fortunes around. Analysts expected sales to fall by 4% from the first quarter of 2022, according to consensus estimates compiled by…
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s service activity grew for a fourth month in April, a private-sector survey showed on Friday, as businesses benefitted from a return toward pre-pandemic levels of demand and output, although the momentum slowed. The Caixin/S&P Global services purchasing managers’ index (PMI) stood at 56.4 in April, above…
By Matt Spetalnick and David Brunnstrom WASHINGTON (Reuters) – Philippines President Ferdinand Marcos Jr said on Thursday his agreement this year to grant the United States access to more military bases in his country was not intended for use for “offensive action” against any country. Speaking to a U.S. think-tank in Washington, Marcos said he…
