The Bank of England held interest rates steady at 5.25% on Thursday.
Schlagwort-Archiv: Financial
Julius Baer shares up 10% as top wealth manager weathers write-off storm, CEO steps down
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
Deutsche Bank smashes profit estimates and boosts shareholder returns
Deutsche Bank smashed fourth-quarter earnings expectations, reporting a net profit of 1.3 billion euros ($1.4 billion).
U.S. companies say it’s harder to make money in China now than before the pandemic
More U.S. companies are finding it harder to make a profit in China than before the pandemic, according to surveys by the American Chamber of Commerce in China.
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%
Payments giant Mastercard has built its own proprietary generative AI model to help its bank network detect and root out fraudulent transactions.
Peloton posts mixed holiday results, dismal quarterly guidance
Peloton has made some progress in its turnaround plan, but the fitness company is expecting more dark days ahead after failing to reach a number of goals.
Merck results beat expectations as top drugs Keytruda, Gardasil post strong sales
Merck still posted a quarterly loss due to previously announced charges associated with its cancer drug collaboration deal with Daiichi Sankyo.
Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback
Shell reported adjusted earnings of $28.25 billion for the full-year 2023, a 29% drop compared to its highest-ever annual profit the year prior.
Volvo shares jump 20% on higher sales, plans to stop Polestar funding
Volvo Cars shares surged more than 20% on Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive.
Julius Baer shares up 10% as top wealth manager weathers write-off storm, CEO steps down
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.