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Russian Ministry sees 2024 GDP at 2.8, but with Higher Inflation, Weaker Rouble

April 23 Reuters Russia39;s economy ministry improved its expectations for 2024 gross domestic product GDP growth to 2.8 from 2.3 in new forecasts published on Tuesday, while envisaging a weaker rouble and shrinking current account surplus in the years to come. Russia39;s economic rebound from a 2022 slump relies heavily on statefunded arms and ammunition production as […]
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Sterling Steadies after Strong British Activity Data

LONDON, April 23 Reuters Data showing British businesses recorded their fastest growth in activity in nearly a year helped the pound steady against the dollar on Tuesday, after touching its lowest in five months the day before, but it remained under pressure against the euro. The pound rose as much as 0.3 against the dollar […]
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Bankers Lose Hope of London IPO Revival for another Year

Bankers anticipate UK recovery in 2025 Zurich, Frankfurt lead strong start to 2024 in mainland Europe Relative valuation gap undermines London LONDON, April 23 Reuters Banks have mostly given up hope this year will bring a longawaited recovery in UK IPOs, as stock exchanges within the European Union and Switzerland have so far proved more […]
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Apples Q1 Smartphone Shipments in China Tumble 19, Data

BEIJING, April 23 Reuters Apple39;s smartphone shipments in China tumbled 19 in the first quarter of the year, the worst performance since 2020, as the iPhone maker took a hit from Huawei39;s HWT.UL new product launches in the premium segment, market data showed. Apple39;s share in the world39;s biggest smartphone market fell to 15.7 in […]
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Novartis Lifts Guidance after Q1 Results Beat Expectations

FRANKFURT, April 23 Reuters Swiss drugmaker Novartis on Tuesday raised its fullyear guidance after reporting betterthanexpected firstquarter results. In a statement, it said 2024 net sales would likely grow by a highsingle to low doubledigit percentage with adjusted operating income expected to grow by a low doubledigit to midteens percentage. It has previously predicted that adjusted […]
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Norwegian Bank DNBs Q1 Profit Beats Expectations

OSLO, April 23 Reuters DNB, Norway39;s largest bank, reported a biggerthanexpected firstquarter net profit on Tuesday and said it believed the Norwegian economy was heading for a soft landing. Net profit declined to 10.2 billion crowns 928 million in the JanuaryMarch period from 10.5 billion a year earlier. Analysts had on average expected 9.69 billion […]
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