December 2023 – Page 44 – UAG Trade Asia

Russian C.Bank sees Banks Profits Shrinking next Year

December 8, 2023
Business
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MOSCOW, Dec 7 Reuters Russian banks39; profits will reach record levels around 3.3 trillion roubles 36 billion this year, the central bank said on Thursday, before dropping off by about 1 trillion roubles in 2024 as high interest rates cool lending growth. Profits slumped by almost 90 in 2022 as the West imposed sweeping sanctions […]

December 8, 2023
Business
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ZURICH, Dec 7 Reuters UBS has formally begun the integration of Credit Suisse39;s parent bank, the Swiss bank said, marking a key next step in what is the first merger of two global systemically important banks. UBS said its board of directors had given the green light for the respective parent banks, UBS AG and Credit […]

December 8, 2023
Business
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LONDON, Dec 7 Reuters AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to 1 billion euros 1.1 billion, two people close to the matter told Reuters. The French insurance group has been in talks with advisers over plans to divest the businesses, which […]

December 8, 2023
Finance
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LONDON, Dec 6 Reuters Ex Millennium trader and founder of hedge fund Kintbury Capital, Chris Dale, says he is short British telecommunications company BT. Dale told attendees at the Sohn conference in London that the debt levels of the company were rising and its decision to reinstate dividends would cost the company. Dale entered short […]

December 8, 2023
Finance
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Previous Trading Days Events 06 Dec 2023 According to the ADP report, the S. private payrolls increased less than expected in November due to the cooling of the labour market. Private employment increased by 103K jobs last month beating the forecast of a 131K increase. The ADP report was published ahead of the NFP release […]

December 8, 2023
Finance
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WASHINGTONLONDON, Dec 7 Reuters The yen staged its biggest oneday rally in almost a year on Thursday after Japanese monetary authorities offered a surprisingly clear hint at a shift in policy, while the euro headed for its biggest weekly fall since May. The dollar index eased ahead of Friday39;s U.S. nonfarm payrolls report, under pressure […]

December 8, 2023
Finance
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MUMBAI, Dec 7 Reuters The Indian rupee is expected to decline at open on Thursday as poor risk appetite fuelled demand for the safehaven U.S. dollar. Nondeliverable forwards indicate the rupee will open at around 83.3583.36 to the dollar compared with 83.3250 in the previous session. Brent crude plunged nearly 4 on Wednesday to fall […]

December 8, 2023
Finance
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JOHANNESBURG, Dec 7 Reuters The South African rand was unchanged in early trade on Thursday ahead of third quarter current account data and as risk aversion was heightened ahead of U.S. payrolls data on Friday, analysts said. At 0646 GMT, the rand traded at its previous close of 18.9600 against the dollar , while the […]

December 7, 2023
Uncategorized
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BERLIN, Dec 7 Reuters Germany39;s budget crisis is threatening planned government support for its domestic solar manufacturers, in what could prove to be the death knell for an industry that was once worldleading but got undercut by cheaper Chinese imports. Europe39;s biggest economy aims to produce 80 of electricity from renewable sources but has become […]

December 7, 2023
Uncategorized
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BENGALURU, Dec 7 Reuters The European Central Bank will cut interest rates in the second quarter of next year, earlier than previously thought, according to a slim majority of economists in a Reuters poll, as the economy enters a short and shallow winter recession. After inflation fell to 2.4 last month, ECB hawk Isabel Schnabel told Reuters […]

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Russian C.Bank sees Banks Profits Shrinking next Year

UBS Approves Merger of UBS AG and Credit Suisse AG

AXA Explores 1.1B Disposal of European Protection Businesses Sources

Hedge Fund Kintbury Takes Short Position in BT

Australias slow growth, Lower ADP employment report figure

JPY Surges on BOJ Hints at Policy Shift, Sending USD Lower

India Rupee to Struggle, Weak Risk Boosts SafeHaven Dollar

S.African Rand Unchanged ahead of Q3 Current Account Data

Germanys Budget Crisis Leaves Struggling Solar Industry in Limbo

ECB to Cut Rates in Q2, Earlier than Thought Reuters Poll

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