Volkswagen Expects Sales Growth to Slow in 2024

FRANKFURT, March 1 Reuters Volkswagen, Europe39;s top carmaker, on Friday said it expects sales growth to slow in 2024 compared to last year, citing increasing competition, stricter emissions regulation as well as raw materials and energy prices. The company expects sales to grow by up to 5 in 2024, after reporting a 15.5 increase last […]
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NYCB Shares Plunge as Loan Review Disclosure Adds to CRE Exposure Woes

March 1 Reuters New York Community Bancorp shares fell 30 before the bell on Friday after it found material weaknesses in internal controls related to its loan review, adding worries to investors already fretting over its commercial real estate CREexposure. The weaknesses were related to ineffective oversight, risk assessment and monitoring activities, the bank said, adding […]
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Sterling Holds Steady after Slipping in February

LONDON, March 1 Reuters The pound held steady on Friday, refusing to be swayed by upbeat data on the housing market, with the focus remaining solely on inflation and Bank of England interest rates. Sterling was last up 0.08 at 1.2634, after falling 0.8 in February. The euro was also little changed against the pound […]
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Canadas GDP Unchanged, U.S. Core PCE Annual Figure Lower

Previous Trading Days Events 29 Feb 2024 The personal consumption expenditures price index PCE excluding food and energy costs increased by 0.4 for the month and 2.8 from a year ago, as expected. PCE, including the volatile food and energy categories, increased by 0.3 monthly and 2.4 on a 12month basis, also in line. Personal […]
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