Zara Owner Inditex Reports Surge in Annual Profit As Sales Hit Record High
Zara-owner Inditex (BME:ITX) posted a 29% jump in annual profit despite a slowdown in top-line returns in the final quarter,...
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ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says
European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector,...
Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed
Most Asian stock markets rose on Wednesday, helped by a recovery in bank shares amid easing fears over a potential...
Volkswagen to Invest $193 Billion Over 5 Years To Hit EV Target
Volkswagen (ETR:VOWG_p) plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including battery production...
Spain’s Mango Plans U.S. Expansion After China Retreat
Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China, Chief Executive Officer Toni Ruiz...
Bank Slide Deepens As SVB Contagion Fear Rattles Markets
Asia's share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis...
Asia FX Firms, Dollar Slumps as SVB Turmoil Clouds Rate Hike Outlook
Most Asian currencies rose on Monday, while the dollar tumbled to near three-week lows as a potential banking crisis in...
Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations
Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking...
Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed
Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve...
Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded
Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a...
