Yen Plumbs 34Year Low as Intervention Risks Grow

SINGAPORE, April 25 Reuters The yen was pinned on the weaker side of 155 per dollar on Thursday as the Bank of Japan BOJ kicks off its twoday ratesetting meeting, leaving traders nervous as to whether Tokyo will intervene while policy deliberations are still underway. Having traded in a tight range over the past few days, a […]
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European Stocks Slip as Mixed Earnings Offset MA Cheer

April 25 Reuters European stocks slipped on Thursday following mixed earnings from bluechip companies such as Nestle and Deutsche Bank, while big MA news in the mining sector powered Britain39;s FTSE 100 to fresh highs. The panEuropean STOXX 600 index dipped 0.24 by 0745 GMT, hurt by losses in food and beverage and industrial good sectors. Tech […]
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Q1 2024 APAC syndicated loans market overview

The APAC ex-Japan syndicated lending started off 2024 with a $88.46 billion market volume in Q1, a slump of over a quarter in comparison to the same period last year. For this loan volume, refinancing, general corporate purposes and capital expenditures each accounted for around 20% of the loan purposes, all of which were the […]
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Nestle India Units Profit Beats Estimates on Higher Demand

BENGALURUCHENNAI, April 25 Reuters Nestle India reported a biggerthanexpected increase in its quarterly profit on Thursday, as it benefited from higher product prices and demand for its packaged food items. The Indian arm of the Swiss food giant Nestle reported a net profit of 9.34 billion rupees 112.03 millionfor the three months ended March 31, compared with 7.37 […]
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Unilever Beats Q1 Sales Forecasts, Sticks to 2024 Outlook

April 25 Reuters Unilever said on Thursday its firstquarter sales rose by a better than expected 4.4, as one of the world39;s biggest consumer goods groups won back shoppers who had traded down to cheaper products. Unilever, which makes products ranging from Dove soaps to Hellmann39;s mayonnaise, increased its sales volumes by 2.2, its second […]
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Wizz Air Trims Range on FullYear Earnings Guidance

LONDON, April 25 Reuters Wizz Air39;s slightly lowered net income guidance for its financial year to March 31 in a trading update on Thursday. The budget airline said earnings were in line with new guidance of between 350 million euros 375 million and 370 million euros, having previously guided in a range of 250 million […]
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