July 2022 – Page 15 – UAG Trade Asia

Stora Ensos Profit Disappoints, Pulp Markets Start to Cool

July 25, 2022
Business
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HELSINKI, July 22 Reuters Shares in Stora Enso skidded 9 on Friday after the FinnishSwedish forestry company blamed logistics bottlenecks and cooling pulp and timber markets for less buoyant than expected secondquarter earnings. The maker of pulp, packaging, wood construction materials and other forestry products said its AprilJune comparable operating profit rose 39 to 505 […]

July 25, 2022
Business
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Service revenue in Germany falls 0.5 in Q1 Group service revenue up 2.5, helped by inflation in Turkey Says making progress towards stabilising Germany Shares down 0.2 LONDON, July 25 Reuters Vodafone reported a drop in service revenue in its largest market Germany in the first quarter, reflecting broadband and TV losses after a new law […]

July 25, 2022
Business
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LISBON, July 25 Reuters Portuguese oil and gas company Galp Energia reported a 90 jump in adjusted secondquarter profit on Monday, citing soaring oil prices and a sharp increase in its refining margin. Rapid recovery in demand after pandemic lockdowns and a surge in energy prices driven by Russia39;s invasion of Ukraine have boosted profits for […]

July 25, 2022
Uncategorized
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WASHINGTON, July 24 Reuters U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC39;s Meet the Press, said strong hiring numbers and consumer spending showed the U.S. economy is not currently […]

July 25, 2022
Finance
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Aussie, kiwi slip in Asia trade Dollar seen as a haven as growth clouds gather Fed expected to hike 75 bps on Wednesday SINGAPORE, July 25 Reuters The dollar was on a firm footing on Monday, as traders braced for a sharp U.S. interest rate hike this week and looked for safety as data points […]

July 25, 2022
Finance
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July 25 Reuters European shares fell on Monday as investors parsed through a slew of earnings amid growth worries, with focus on a U.S. Federal Reserve policy meeting later this week. The panEuropean STOXX 600 index fell 0.2 by 0711 GMT, with broadbased losses led by oil producers as crude prices fell. Dutch medical equipment maker […]

July 25, 2022
Finance
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Rates as of 0500 GMT Market Recap The purchasing managers indices PMIs are in the above table, but its easier to see what happened with this table. The key point the composite PMIs fell below the 50 line for Germany and the Eurozone as a whole as well as for the US. Furthermore Japan is […]

July 25, 2022
Finance
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Serica Energy rejects Kistos39; revised 1.4 bln merger offer Recruiter SThree up as halfyear operating profit surges FTSE 100 off 0.2, FTSE 250 down 0.3 July 25 Reuters Britain39;s commodityheavy FTSE 100 tracked a decline in oil and mining stocks on Monday as hawkish central banks stoke recession worries, while investors await corporate results from […]

July 25, 2022
Finance
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MOSCOW, July 25 Reuters The Russian rouble edged lower against the dollar in a jittery start to Moscow trade on Monday, adjusting to the central bank39;s decision to slash interest rates on Friday, and as a roublesupportive taxpayment period reaches its peak. At 0730 GMT, the rouble was 0.2 weaker against the dollar at 57.39 […]

July 25, 2022
Politics
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Former economist Takata, exbanker Tamura join BOJ board Takata, bond market expert, replaces dovish member Kataoka New board members to hold briefing 0800 GMT Monday TOKYO, July 25 Reuters The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultralow interest rates than his dovish […]

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Stora Ensos Profit Disappoints, Pulp Markets Start to Cool

Vodafones Biggest Market Germany Goes into Reverse

Galp Posts 90 Profit Leap on Soaring Oil Prices and Refining Margin

U.S. Economy Slowing, but Recession not Inevitable, Yellen

Dollar Firm as Fed Meeting and Growth Risks Hold Sway

European Shares Slip amid Growth Worries

JPY Up, Commodity Currencies USD Down on Growth Fears

UK Shares Slip as Slowdown Fears Sap Risk Appetite

RUB Edges Lower vs Dollar as Market Takes Stock of Rate Cut

Bank of Japan Board Reshuffle Brings in Less Dovish Member

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