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Raiffeisen says Strabag Deal under Careful Risk Assessment

BERLIN, May 2 Reuters Raiffeisen Bank International39;s RBI acquisition of a stake in construction firm Strabag linked to a Russian tycoon remains under careful assessment for any compliance risk, the biggest Western bank in Russia said on Thursday. RBI wants to buy a stake in Strabag linked to Oleg Deripaska for 1.5 billion euros 1.6 billion, a […]
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Novo Nordisk Raises Outlook Fuelled by Obesity Drug Demand

LONDON, May 2 Reuters Novo Nordisk raised its 2024 outlook on Thursday and delivered betterthanexpected firstquarter profits as the Danish drugmaker races to boost output of its Wegovy weightloss drug and fend off competition from rival Eli Lilly. Novo is currently the most valuable company in Europe by market capitalisation, worth some 540.4 billion euro 576.44 […]
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StanChart Profit Beats Forecasts on Fee Income Boost

Q1 profit of 1.9 billion beats estimates Shares rise 6 as analysts hail strong allround performance StanChart39;s China real estate and banking woes linger LONDONHONG KONG, May 2 Reuters Standard Chartered PLC beat forecasts on Thursday with a 5.5 rise in firstquarter pretax profit, as a surge in income from its trading and wealth businesses more […]
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Indias Adani Ports Q4 Profit Soars 76 on Record Cargo Volumes

BENGALURU, May 2 Reuters Adani Ports and Special Economic Zone APSEZ, India39;s largest private port operator, posted a 76 rise in its fourthquarter profit on Thursday, helped by record cargo volumes. The company, which is part of billionaire Gautam Adani39;s conglomerate, said its consolidated net profit rose to 20.40 billion rupees 244.6 million in the […]
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Feds Powell says Looming US Election will not Sway Rate Decisions

NEW YORK, May 1 Reuters The looming U.S. presidential election will not influence the Federal Reserve39;s interest rate decisions, Fed Chair Jerome Powell said on Wednesday, adding that policymakers were at peace with keeping political considerations out of their decisionmaking process. Powell, speaking in a news conference after the end of the U.S. central bank39;s latest […]
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FTSE 100 Boosted by Strong Earnings from Shell, StanChart

StanChart jumps after posting a 5.5 rise in pretax profit Smurfit Kappa shares rise on quarterly earnings improvement FTSE 100 up 0.5, FTSE 250 adds 0.1 May 2 Reuters Britain39;s bluechip share index rose on Thursday as shares of Shell and Standard Chartered jumped after strong results, while investors also took comfort from the Federal […]
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