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A woman walks past a Credit Agricole logo as she enters a bank office in Reze, near Nantes, France, February 8, 2024.

Credit Agricole's Q1 earnings jump as investment banking beats rivals

Mathieu Rosemain |Updated 2 hours ago |2 min read

By Mathieu Rosemain PARIS (Reuters) - Credit Agricole SA, France's second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals. ...

File photo: Adidas sneakers are displayed for sale at the Galeries Lafayette department store on the Champs-Elysees avenue in Paris, France, April 11, 2019.

Adidas plots to swerve Samba slump

Helen Reid |Updated 2 hours ago |4 min read

By Helen Reid LONDON (Reuters) - As Adidas aims to build on hot demand for its three-striped white and black Samba and multi-coloured Gazelle sneakers, it's also taking steps to prevent the shoes from becoming victims of their own success.  The ...

Logo of Uniper is pictured at the company's headquarters, as Germany agreed to nationalize Uniper by buying Fortum's stake in the gas importer to secure operations and keep its business going, in Duesseldorf, Germany, September 21, 2022.

Exclusive-Uniper's dormant Russian gas contracts may pose hurdle to listing

Christoph Steitz, Tom Käckenhoff and Vladimir Soldatkin |Updated 2 hours ago |3 min read

By Christoph Steitz, Tom Käckenhoff and Vladimir Soldatkin FRANKFURT/DUESSELDORF/MOSCOW (Reuters) - Uniper, the biggest corporate victim of Europe's energy crisis, is looking to the courts to solve the issue of its dormant Russian gas supply ...

Daimler AG's FUSO Super Great truck is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017.

North America drives Daimler Truck to core profit beat

Reuters |Updated 33 minutes ago |2 min read

By Louis van Boxel-Woolf and Isabel Demetz (Reuters) -Germany's Daimler Truck AG posted first-quarter core profit of 1.21 billion euros ($1.30 billion) on Friday, beating the consensus estimate of 1.17 billion euros in a company poll, driven by a ...

A man wearing a face mask passes in front of screens showing trading data while using an escalator outside Taiwan Stock Exchange in Taipei, Taiwan March 20, 2023.

Investors flood into Taiwan ETFs on AI boom, unnerving some

Faith Hung |Updated 2 hours ago |3 min read

By Faith Hung TAIPEI (Reuters) - Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned ...

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022.

Morning Bid: Yen's wild week has bears wary

Reuters |Updated 3 hours ago |2 min read

A look at the day ahead in European and global markets from Ankur Banerjee: A more dovish-than-expected Federal Reserve meeting and an eye-watering $110 billion share buyback programme from Apple have boosted risk sentiment ahead of the crucial U.S.

People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023.

SocGen Q1 profit slumps less than expected as investment bank surprises

Mathieu Rosemain |Updated 3 minutes ago |3 min read

By Mathieu Rosemain PARIS (Reuters) -French bank Societe Generale's net income fell less than expected in the first quarter, as profits on equity derivative sales offset weaknesses at its retail bank and in fixed-income trading. France's ...

Silicon Valley Bank (SVB) logo is seen through broken glass in this picture illustration taken March 16, 2023.

SVB Financial to sell VC business SVB Capital

Reuters |Updated 2 hours ago |2 min read

(Reuters) -Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital. A newly-created entity, backed by permanent capital from ...

A TV reporters points a closing price of Nikkei index on a stock quotation board after a ceremony marking the end of trading in 2023 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 29,  2023.

Global hedge funds chase Hong Kong stocks rally, UBS says

Summer Zhen |Updated 5 hours ago |2 min read

By Summer Zhen HONG KONG (Reuters) - Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note.

Pedestrians walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan March 28, 2024.

Asian stocks surge; yen extends gains to cap wild week

Ankur Banerjee |Updated 2 hours ago |3 min read

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks surged to their highest in 15 months on Friday led by tech and Hong Kong stocks, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected intervention ...

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