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Hikes rates by 75 basis points, new terms for European banks
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Hikes rates by 75 basis points, new terms for European banks

The European Central Bank has announced its third consecutive increase in interesr rates this year. Bloomberg | Bloomberg | Getty Images The European Central Bank announced Thursday a 75-basis-point interest rate hike — its third consecutive increase this year — while also scaling back support for European banks. Following much speculation by market participants, the ECB...

Oil giant Shell reveals plans to hike dividend as it reports third-quarter profit
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Oil giant Shell reveals plans to hike dividend as it reports third-quarter profit

The logo of Shell on an oil storage silo, beyond railway tanker wagons at the company’s Pernis refinery in Rotterdam, Netherlands, on Sunday, Oct. 23, 2022. Bloomberg | Bloomberg | Getty Images British oil major Shell reported a third-quarter profit Thursday, but lower refining and trading revenues brought an end to its run of record...

Q3 2022 earnings and overhaul
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Q3 2022 earnings and overhaul

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Thursday posted a quarterly loss that was significantly worse than analyst estimates, as it announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of...

Q3 2022 earnings and overhaul
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Q3 2022 earnings and overhaul

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Thursday posted a quarterly loss that was significantly worse than analyst estimates, as it announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of...

Latest news on Russia and the war in Ukraine
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Latest news on Russia and the war in Ukraine

Ships carrying agricultural products could not leave Ukraine due to a suspicious mine-like object near port An aerial view of the Turkish-flagged ship “Polarnet” carrying grain from Ukraine is seen at the Derince Port, Kocaeli, Turkiye on August 08, 2022.  Omer Faruk Cebeci | Anadolu Agency | Getty Images The organization overseeing the export of...

Latest news on Russia and the war in Ukraine
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Latest news on Russia and the war in Ukraine

Putin observes Russian strategic nuclear forces exercises: state media Campaigners have urged political leaders to renew efforts to get rid of all nuclear weapons by signing and ratifying the Treaty on the Prohibition of Nuclear Weapons. Mikhail Svetlov | Getty Images Russian President Vladimir Putin on Wednesday observed exercises by Russia’s strategic nuclear forces, the...

Latest news on Russia and the war in Ukraine
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Latest news on Russia and the war in Ukraine

Kremlin says assets in Russian-annexed regions of Ukraine could be transferred to Russian companies The Kremlin on Wednesday said that assets in the four Ukrainian regions that Russia said it had annexed last month may in future be transferred to Russian companies. Kremlin spokesman Dmitry Peskov said it was obvious that “abandoned assets” could not...

Barclays earnings Q3 2002
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Barclays earnings Q3 2002

A sign hangs above an entrance to a branch of Barclays Plc bank in the City of London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — Barclays on Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error. The...

Deutsche Bank earnings Q3 2022
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Deutsche Bank earnings Q3 2022

Deutsche Bank on Wednesday crushed market expectations for the third quarter, amid higher interest rates and turbulent market trading. The bank reported a net income of 1.115 billion euros ($1.11 billion) for the quarter. Analysts had predicted a net profit of 827 million euros, according to data from Refinitiv. “We are seeing the benefit of...

Deutsche Bank earnings Q3 2022
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Deutsche Bank earnings Q3 2022

Deutsche Bank on Wednesday crushed market expectations for the third quarter, amid higher interest rates and turbulent market trading. The bank reported a net income of 1.115 billion euros ($1.11 billion) for the quarter. Analysts had predicted a net profit of 827 million euros, according to data from Refinitiv. “We are seeing the benefit of...