Swiss Re Shares Rise on U.S. Liability Reserve Increase
Swiss Re shares rose after it strengthened its U.S. liability reserve and removed investor doubts about the adequacy of its reserve levels. In morning trade in Europe shares were up 6.6% at 119.25 ...
Adyen Shares Slide After Revenue Misses Views
Shares in Adyen dropped in early trading on Thursday after the company posted third-quarter revenue below analysts' expectations. The Dutch payments company reported net revenue of 498.3 million euros ...
Sweden's Central Bank Opts for Large Cut Amid Uncertain Economic Outlook
STOCKHOLM--Sweden's central bank lowered its key interest rate on Thursday, becoming the first central bank to do so since the election of Donald Trump as U.S. president created fresh uncertainties ...
Engie Expects 2024 Earnings at Upper End of Guidance Range
Engie said it expects its full-year earnings to be at the higher end of its guidance ranges based on what it called a strong performance in the first nine months of the year. The French energy company ...
Munich Re Raises Insurance Revenue View
Munich Re lifted its insurance revenue guidance for 2024 after beating estimates for the third quarter.
Swiss Re Lowers Full-Year Profitability Guidance on U.S. Liability Reserve Increase
Swiss Re lowered its full-year profitability guidance after increasing its U.S. liability reserves. The Swiss reinsurance company said Thursday that it expects a full-year group net income of more ...
Zurich Insurance Posts Growth Across Businesses
The Swiss insurer on Thursday reported property and casualty insurance revenue of $33.26 billion for the period ended Sept. 30, a 5% like-for-like on-year increase. Gross written premiums rose 4% to ...
Daimler Truck Earnings, Revenue Fall Amid Europe Weakness
Daimler Truck said it delivered a strong performance in North America, but that its Mercedes-Benz segment faced a tough market in Europe. Revenue fell to 13.14 billion euros from 13.86 billion euros ...
DBS Shares Hit All-Time High on Buyback Plan, Record Profit
Shares of DBS jumped 7.0% to a new intraday high of S$41.90 in afternoon trading, on track for their best one-day gain since 2020. That put the stock's year-to-date gains at about 38%, taking DBS's ...
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EMEA Morning Briefing: Markets Await Likely Fed, BOE Rate Cuts
EU retail trade; U.K. BOE Rate decision; Germany Foreign trade, industrial production index; trading update from Rolls-Royce, Telefonica, Zurich Insurance Group, Pirelli & C, Veolia Environnement, ...
China’s Leading Online Automobile Platform in Search For Next Growth Driver
Autohome is China’s largest automobile online media platform in terms of user traffic. The firm started providing media services in 2008 with a focus on new car content and building an active online ...
Solid Recovery but JR East's Longer-Term Outlook Dimmed by Aging Population
Shareholder distributions are appropriate. JR East has a long-term dividend payout ratio of 30% and plans to return a further 10% to shareholders via share buybacks in the medium term. While ...