Nissan, Renault ready to announce new alliance deal in days -sources

By Maki Shiraki and Daniel Leussink TOKYO (Reuters) -Nissan and Renault will make an announcement in the coming days on their restructured alliance and have finalised the deal, three people familiar with the matter said, capping 10 months of sometimes tense negotiations. The automakers announced a framework agreement in February and had aimed to finalise…

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Atlas Copco posts Q2 profit beat, but sees slowing demand

(Reuters) -Swedish industrials group Atlas Copco on Wednesday reported second-quarter operating profit that beat market forecasts, but said demand was expected to weaken in the near term, sending its shares lower. Operating profit adjusted for items affecting comparability rose to 9.49 billion Swedish crowns ($925 million) from 7.04 billion a year earlier, beating the 8.94…

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M&T Bank beats profit estimates as higher rates boost interest income

(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation boosted the lender’s interest income. Most consumer-facing lenders have tapped higher rates to charge more interest on their loans and credit card debt, with M&T’s upbeat results echoing larger rivals…

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Citizens Financial beats second-quarter profit estimates on interest income boost

(Reuters) – Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders’ net interest income rose in a high-interest-rate environment. The upbeat results follow a tumultuous first quarter in which the global banking crisis – triggered by the collapse of three mid-sized U.S. banks – led panicked consumers to pull billions…

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