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Europes ESG Funds Suffer more Outflows Morningstar

LONDON, Oct 25 Reuters The European sustainable fund industry suffered another quarter of outflows in the three months to endSeptember as investors worried about economic uncertainty and regulatory changes, data provider Morningstar said in a report published Wednesday. Investors pulled 20.5 billion euros 21.7 billion from funds in the European Union39;s lower sustainability classification, while […]
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Beiersdorf Raises 2023 Sales Guidance on Strong 9mth Results

BERLIN, Oct 25 Reuters Nivea maker Beiersdorf raised its fullyear sales guidance on Wednesday, as it reported a 11.2 hike in organic group sales in the first nine months, driven by its consumer business unit. The German company now expects organic sales growth in the lowdoubledigit range versus the mid to highsingledigit range growth it had […]
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Bank SEBs Q3 Operating Profit Jumps 42, Beats Expectations

STOCKHOLM, Oct 25 Reuters Swedish bank SEB reported a 42 rise in thirdquarter operating profit on Wednesday, topping market expectations, but said the positive effect from higher interest rates had come down compared to previous quarters. Sweden39;s biggest corporate bank said operating profit was 13.0 billion crowns 1.17 billion against a yearago 9.12 billion, beating a […]
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Deutsche Bank Q3 Profit Falls 8, but more Optimistic on Revenue

Investment bank revenue declines Revenues at retail and corporate divisions rise Slightly more optimistic on 2023 revenue FRANKFURT, Oct 25 Reuters Deutsche Bank on Wednesday posted a betterthanexpected 8 drop in thirdquarter profit, as revenue at the investment bank slumped but grew in the retail and corporate divisions on the back of higher interest rates. The […]
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Metals Lead Rise in Indian Shares amid Global Rebound

BENGALURU, Oct 25 Reuters Indian shares rose on Wednesday, led by a rise in metals after markets cheered China39;s approval of a mega sovereign bond issue as a sign of stimulus, while an easing of U.S. Treasury yields and crude oil prices further helped sentiment. The NSE Nifty 50 index was up 0.10 at 19,301.25 as […]
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Dollar Bounces, Aussie Rises on Higher Rates Risk

SINGAPORE, Oct 25 Reuters The dollar drew support on Wednesday from a survey showing U.S. business pulling out of a five month contraction, while the Australian dollar strengthened on the likelihood of interest rate hikes after a surprisingly strong inflation print. The dollar index , which measures the greenback against a basket of six peers, […]
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