September 2024 – Page 49

Deutsche Bank Settles LongestRunning Claim over Postbank

September 5, 2024
Business
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Sept 5 Reuters Deutsche Bank has reached a settlement in its longestrunning litigation over its 2008 takeover of Postbank, it said on Thursday. The settlement with German investment company Effecten Spiegel includes an additional payment of 36.50 euros 40.53 per share on the thentakeover offer price as proposed by the bank, Deutsche Bank added in a statement. Shares […]

September 5, 2024
Business
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Norway fund backs proposals on workers39; rights, climate targets Another supply chain proposal got 11.7 of votes last year Investors frustrated with Nike over allegations of unpaid wages LONDONNEW YORK, Sept 5 Reuters Investor pressure on Nike is building ahead of Tuesday39;s annual shareholder meeting, with Norway39;s sovereign wealth fund pledging to back a resolution demanding the company […]

September 5, 2024
Business
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CHENNAIBENGALURU, Sept 5 Reuters Indian apparel maker Raymond Lifestyle, carved out of Raymond, notched a 2.19 billion valuation in its stock market debut on Thursday, before shares fell by the maximum allowed 5 as investors booked profits. The nearly 100yearold Raymond had spun off its lifestyle business this year to simplify its group structure, attract […]

September 5, 2024
Uncategorized
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Sept 5 Reuters German industrial orders unexpectedly rose in July due to large scale orders, the federal statistics office said on Thursday. Orders rose in July by 2.9 on the previous month on a seasonally and calendar adjusted basis. A Reuters poll of analysts had pointed to a fall of 1.5. When large scale orders […]

September 5, 2024
Uncategorized
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MUMBAI, Sept 5 Reuters Despite the moderation seen in India39;s first quarter gross domestic product growth GDP, the South Asian economy is likely to achieve full year growth of 7.2 as projected, the Reserve Bank of India Governor Shaktikanta Das said on Thursday. India39;s economic growth slowed to 6.7 yearonyear in the AprilJune quarter, below the polled […]

September 5, 2024
Uncategorized
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Property boomed during decade of rock bottom rates Prices unravel after recent hikes Crisis claims victims from U.S. to Germany Small U.S. banks at risk due to outsized property loans NEW YORKLONDON, Sept 5 Reuters Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief from the […]

September 5, 2024
Uncategorized
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BERLIN, Sept 5 Reuters The German economy is expected to stagnate this year, the Ifo institute said on Thursday, cutting its previous forecast of 0.4 growth. The German economy is stuck and is bobbing around in the doldrums, while other countries are feeling the upswing, said Ifo head of economic research Timo Wollmershaeuser. In its […]

September 5, 2024
Uncategorized
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JOHANNESBURG, Sept 5 Reuters South Africa39;s current account deficit narrowed in the second quarter, to 0.9 of gross domestic product GDP from 1.5 of GDP in the first quarter, central bank data showed on Thursday. In rand terms the current account deficit narrowed to 64.6 billion rand 3.62 billion in AprilJune, from 106.9 billion rand […]

September 5, 2024
Uncategorized
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Sept 5 Reuters New car registrations in Britain fell slightly in August, industry data showed on Thursday, in line with expectations of a traditionally quieter month. The Society of Motor Manufacturers and Traders SMMT said new car registrations fell about 1.3 yearonyear to 84,575 units in August as many buyers prefer to wait until September39;s […]

September 5, 2024
Oil
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LONDON, Sept 5 Reuters Oil firmed on Thursday, edging up from multimonth lows on a possible delay to output increases by OPEC producers and a decline in U.S. inventories, though the gains were capped by persistent demand concerns. Figures from the American Petroleum Institute API showed U.S. crude oil inventories fell by 7.431 million barrels […]

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Deutsche Bank Settles LongestRunning Claim over Postbank

Investor Pressure on Nike Builds over Garment Workers Rights

Indias Raymond Lifestyle Falls after Debuting with 2.2B Valuation

German Industrial Orders Unexpectedly Rise in July

Indias GDP to Expand 7.2 in FY25 Despite Lower Q1 Growth, Cenbank Chief

Falling Rates Offers Scant Shelter from Property Storm

German Economy Seen Stagnating this Year, Ifo Institute Says

South Africas Current Account Deficit Narrows Again in Q2

UK new Car Sales Fall Slightly in Aug, Industry Data Shows

Oil Rises on US Crude Stocks Fall and Possible Delay to OPEC Hike

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