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CostCutting Program at Volkswagen Brand Bears First Fruit

BERLIN, March 14 Reuters Volkswagen said on Thursday that operating profit for its core massmarket brands increased by 80 last year, in a sign that closer cooperation between them is bearing fruit. The group including Volkswagen, Volkswagen Commercial Vehicles, Skoda and SEATCUPRA posted operating profit of 7.3 billion euros 7.99 billion in 2023, mainly due to […]
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IEA Raises Oil Demand Outlook again but still Lags OPEC

IEA raises 2024 oil demand growth forecast by 110,000 bpd Houthi attacks on shipping lead to longer routes Economic headwinds still seen putting damper on growth Sees 2024 oil balance in slight deficit from previous surplus LONDON, March 14 Reuters The International Energy Agency on Thursday raised its view on 2024 oil demand growth for […]
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Oil Rises as Revised IEA Forecasts Suggest Tighter Market

Oil extends gains after closing at fourmonth high on Thursday IEA raised demand growth forecast and lowered supply projection U.S. producer prices rise, consumer spending falls LONDON, March 14 Reuters Oil prices rose on Thursday as investors digested the International Energy Agency39;s IEA latest oil market report in which it predicts a tighter market in […]
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European Shares Scale new Record High, Retailers Pop

STOXX 600 ends up 0.2 Zalando lifts retail index to highest levels in two years Zaraowner Inditex climbs on boost from upmarket fashion Euro zone industrial production falls in January March 13 Reuters European shares touched new record highs on Wednesday, boosted by upbeat corporate updates from the retail and utilities sector though the advance […]
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Good News for U.K.s GDP, Metals to Upside, Silver Soared

Previous Trading Days Events 13.03.2024 According to the Gross Domestic Product GDP report yesterday, Britains economy returned to growth in January after entering a shallow recession in the second half of 2023. GDP grew by 0.2 monthonmonth, boosted by a rebound in retailing and housebuilding after a fall of 0.1 in December as expected. The […]
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Gold Retreats as Dollar, Yields Firm on Higher US Data

US producer price index for Feb increased more than expected Traders see 64 chance for June rate cut Silver eased off more than threemonth high March 14 Reuters Gold slid on Thursday after a larger than expected rise in February39;s U.S. producer price index PPI cooled expectations of early rate cuts by the Federal Reserve, […]
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European Shares Hit another Record; US Economic Data on Tap

HapagLloyd posts lower net profit in 2023, cuts dividend Lanxess tumbles on flagging challenging firsthalf Elbe Bidco to launch voluntary public takeover offer for Encavis March 14 Reuters European shares hit a record high for the third consecutive session on Thursday, supported by a raft of optimistic corporate updates, while investors remained cautious ahead of […]
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