May 2022 – Page 45 – UAG Trade Asia

Italys Intesa Cuts 2022 Profit Goal after Russia Hit

May 6, 2022
Business
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Books 800 mln euro in provisions on Russia Lowers fullyear profit goal by 1 bln euros Awaiting ECB approval of 3.4 bln euro share buyback Trading gains drive Q1 profit above consensus MILAN, May 6 Reuters Italy39;s biggest bank Intesa Sanpaolo on Friday cut its profit guidance for the year after setting aside 800 million euros […]

May 6, 2022
Business
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LONDON, May 5 Reuters European banks counted the rising cost of war in Ukraine on Thursday as France39;s Societe Generale, Credit Agricole and Italy39;s UniCredit upped provisions for the conflict without shattering investors39; confidence in their prospects. The Italian lender, one of Europe39;s banks most exposed to Russia where it runs AO UniCredit Bank, surprised […]

May 6, 2022
Business
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BERLIN, May 6 Reuters Adidas lowered expectations for 2022 after a firstquarter slump as renewed COVID19related lockdowns in Greater China continue to hit the German sportswear company. Firstquarter currencyadjusted sales shrank by 3 worldwide, to 5.3 billion euros 5.58 billion, while profit from continuing operations fell 38, to 310 million euros, it said on Friday. In […]

U.S. Service Sector Slows; Input Prices Measure at Record

WASHINGTON, May 4 Reuters U.S. services industry growth unexpectedly slowed in April, with employment contracting for the second time this year, while a measure of input prices raced to a record high. The Institute for Supply Management said on Wednesday its nonmanufacturing activity index fell to a reading of 57.1 last month from 58.3 in […]

Chinese, Russian Cenbanks to Discuss Use of National Payment Systems

May 5 Reuters The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing39;s envoy to Moscow told the TASS news agency in an interview published on Thursday. Regarding the promotion and use of the Mir and China UnionPay national payment systems in both […]

Colombia Swapped 641M in Local Public Debt Last Month

BOGOTA, May 5 Reuters Colombia swapped internal public debt worth 2.6 trillion pesos 641 million in April, the second such operation this year and part of an effort to reduce amortizations and improve the country39;s debt profile, its finance ministry said on Thursday. In the latest operation, the ministry traded TES securities coming due in […]

U.S. Weekly Jobless Claims Rise; Productivity Plunges at Fastest Pace in 74 Years

Weekly jobless claims increase 19,000 to 200,000 Continuing claims fall 19,000 to 1.384 million Productivity plunges at 7.5 rate in first quarter WASHINGTON, May 5 Reuters New claims for U.S. unemployment benefits increased to a more than twomonth high last week, but remained at a level consistent with tightening labor market conditions and further wage […]

UK Construction Sector Suffers Apr Slowdown on Higher Costs

LONDON, May 6 Reuters Britain39;s construction sector in April had its slowest month since January, hit by rising costs and higher interest rates to finance new projects, a survey published on Friday showed. The SP GlobalCIPS construction Purchasing Managers39; Index PMI slipped to 58.2 from 59.1 in March, which was its jointhighest reading since June […]

Food Prices Ease Slightly in April after Surge, U.N. Agency

ROME, May 6 Reuters World food prices eased slightly in April after hitting a record high in March, but global food security remained a concern because of the difficult market conditions, U.N. food agency said on Friday. The Food and Agriculture Organization39;s FAO food price index, which tracks the most globally traded food commodities, averaged 158.5 […]

S&P 500 Technical Outlook: SPX500 Stock Plunge- Flush Not Finished Yet

S&P 500 plunged to fresh yearly lows today with the index now threatening a break of downtrend support. The levels that matter on the SPX500 technical charts.

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Italys Intesa Cuts 2022 Profit Goal after Russia Hit

European Banks Weather Ukraine War in Q1 Earnings

Adidas Lowers 2022 Expectations amid China Lockdowns

U.S. Service Sector Slows; Input Prices Measure at Record

Chinese, Russian Cenbanks to Discuss Use of National Payment Systems

Colombia Swapped 641M in Local Public Debt Last Month

U.S. Weekly Jobless Claims Rise; Productivity Plunges at Fastest Pace in 74 Years

UK Construction Sector Suffers Apr Slowdown on Higher Costs

Food Prices Ease Slightly in April after Surge, U.N. Agency

S&P 500 Technical Outlook: SPX500 Stock Plunge- Flush Not Finished Yet

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