Major Gulf Markets Mixed in Early Trade

April 26 Reuters Major stock markets in the Gulf were mixed in early trade on Wednesday amid rising recession fears in the United States, with the Saudi index on course to end fiveday winning streak. U.S. Consumer confidence fell to a ninemonth low in April, a survey showed, intensifying concerns of a potential recession. Asian markets remained […]
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Swedish Crown Softens after Market sees Riksbank Dovishness

SINGAPORE, April 26 Reuters The Swedish crown softened on Wednesday after the country39;s central bank was less hawkish than expected, while the euro and pound rebounded, having suffered a day earlier as jitters about the U.S. banking sector helped the safehaven dollar. The euro rose 0.8 against the crown to 11.401, set for its biggest […]
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EU Singles Out 19 Tech Giants for Online Content Rules

BRUSSELS, April 25 Reuters Five Alphabet subsidiaries, two Meta Platforms units, two Microsoft businesses, Twitter and Alibaba39;s AliExpress are among 19 companies subject to landmark EU online content rules, EU industry chief Thierry Breton said on Tuesday. The rules known as the Digital Services Act DSA require the companies to do risk management, conduct external and independent auditing, share […]
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Santander Brasil Posts Q1 Net Profit Down 46.6

SAO PAULO, April 25 Reuters Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais 425.09 million, down 46.6 from a year earlier but still above analysts39; forecasts of 1.83 billion in a Refinitiv poll. The Brazilian unit of Spain39;s Banco Santander SA has been trying to be more selective in […]
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Sterling Flags as Investor Jitters Favour the Dollar

LONDON, April 25 Reuters The pound fell on Tuesday, in line with a decline in a number of European currencies, as nervousness around the outcome of the earnings season and the outlook for the global economy gave the dollar an edge. In UK news, Britain recorded a biggerthanexpected budget deficit of 21.53 billion pounds 26.87 billion in […]
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