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Oil Slumps as Stockpiles, Rate Hikes Stoke Demand Worries

Oil prices fall for second session Libya39;s NOC says production resumes at several oilfields Gazprom resumes gas flows to EU in Nord Stream 1 pipeline ECB poised to hike rates which can weigh on energy demand LONDON, July 21 Reuters Oil prices fell more than 3 on Thursday after higher U.S. gasoline stockpiles stoked demand […]
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Bankinters Q2 Lending Income Rises on Higher Rates

Net interest income up 5.5 yy in Q2, above analysts39; forecasts Net profit rises 21 to 117 mlns, above forecasts of 101 mlns Shares rise 2 MADRID, July 21 Reuters A rise in lending income, boosted by steady growth in the total loan book and an improvement in customer spreads, drove a recovery in financial […]
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SAPs Trims 2022 Profit Outlook, Shares Fall

STOCKHOLM, July 21 Reuters SAP shares fell 4 on Thursday after the Gerban business software maker trimmed its profit outlook for the year citing charges related to the war in Ukraine. It lowered its 2022 adjusted profit outlook to between 7.6 billion and 7.9 billion euros, from a range of 7.8 billion to 8.25 billion euros. […]
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Woodside Production Outlook Misses Forecasts, Shares Drop

Woodside pares production outlook, excluding BHP assets Calls off stake sale in Sangomar oil project Delays Mexico Trion oil project decision to 2023 Shares drop 4 MELBOURNE, July 21 Reuters Australia39;s Woodside Energy Group Ltd trimmed its production outlook for 2022 on Thursday and flagged a possible delay to a U.S. oil project inherited with BHP […]
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Global Manufacturers See Chip Shortage Easing

Hyundai to boost production at plants ABB CEO chipmaker supply commitments improve ABB CEO commodity prices coming down Electrolux CEO supply situation returning to normal Nokia expects supply shortage to ease ZURICHSTOCKHOLM, July 21 Reuters Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semiconductor chip shortage easing, executives said Thursday, in […]
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