Dutch Central Bank Fines Coinbase 3.3 mln Euros

AMSTERDAM, Jan 26 Reuters The Dutch central bank DNB has fined U.S. cryptocurrency exchange Coinbase 3.3 million euros 3.6 million for failing to obtain the correct registration in the Netherlands before offering services. The fine mirrors one handed to Coinbase rival Binance in July. Coinbase said it disagreed with the DNB39;s decision, which it said includes no […]
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STMicro Tops Forecasts on Autos and Industrial Demand

Q4 net revenue 4.42 bln vs forecast 4.32 bln Q4 diluted EPS 1.32 vs forecast 1.09 Sees 2023 revenue of 16.817.8 bln vs 202239;s 16.1 bln Shares jump as much as 9 to oneyear high LONDON, Jan 26 Reuters European chipmaker STMicroelectronics beat fourthquarter sales and earnings expectations on Thursday, as strong demand from automotive […]
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Levi Strauss Gives Upbeat Sales Outlook as Demand Holds Up

Jan 25 Reuters Levi Strauss Co forecast annual sales above Wall Street estimates on Wednesday, banking on a stronger backhalf of the year even as higher costs and currency pressures cloud its nearterm outlook. Shares of the denim maker jumped more than 6 in extended trading after it also topped fourthquarter sales and profit expectations and […]
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Testing Company SGS Reports 4.1 Drop in Full Year Profit

ZURICH, Jan 26 Reuters Testing and inspection group SGS said it was aiming for organic growth in the midsingle digit percentage range this year after on Thursday reporting a 4.1 drop in shareholders net profit for 2022. The Swiss company said shareholders net profit fell to 588 million Swiss francs 640.94 million, down from 613 million […]
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Musk Bullish on Tesla Sales as Price Cuts Boost Demand

Jan 25 Reuters Tesla Inc39;s aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers39; interest. The company slightly beat Wall Street targets for fourthquarter revenue and profit earlier on Wednesday despite a sharp decline in vehicle profit margins, […]
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