Saint-Gobain reports declining sales on volume drop, currency headwind
The logo of Saint-Gobain is seen on a banner on a building construction site in the financial and business district...
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Worldline shock fuels European payments sector slump
U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsOct 25 (Reuters) - Worldline's shares shed more than half of their value on Wednesday after the French payments company stunned investors with a cut to its full-year targets, spooking the stocks of rivals such as Nexi and CAB Payments.Investors have grown increasingly cautious about the sector, where stretched valuations have come under pressure from higher interest rates and fintech funding has dropped sharply.Shares in Worldline...
Britain scraps cap on banker bonuses inherited from EU
A general view of the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams/File Photo...
Barclays hints at big cost cuts even as third-quarter profit pips forecasts
A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Oct...
Chevron to buy Hess Corp for $53 billion in all-stock deal
Men work on an electric drilling operating at a Chevron site in Kersey, Colorado, U.S. October 6, 2022. REUTERS/Liz Hampton/File...
Global equity funds see fifth consecutive weekly outflow amid rising bond yields
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 20 (Reuters)...
Two U.S. funds to vote Mediobanca outgoing board’s slate for board renewal
Italian bank Mediobanca's headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo//File Photo Acquire Licensing RightsMILAN, Oct 19 (Reuters)...
Exclusive: Hitachi set to win EU okay for $1.8 bln Thales deal, sources say
The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. Picture taken September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsBRUSSELS, Oct 19 (Reuters) - Hitachi (6501.T) is set to win EU antitrust approval for its 1.7-billion-euro ($1.8 billion) acquisition of Thales' (TCFP.PA) GTS railway signalling business on the condition it sells assets in France and Germany, three people familiar with the matter said on Thursday.Hitachi submitted its offer to sell its mainline signalling business in France and Germany to the European Commission last...
Banks report continued pain on commercial real estate loans
The front of an office building is seen in New York City, U.S., July 7, 2023. REUTERS/Amr Alfiky/File photo Acquire...
US regional banks earn more on loans but warn on rising deposit costs
The Wall St. sign is seen outside the New York Stock Exchange (NYSE) in New York, U.S., December 17, 2019. REUTERS/Brendan McDermid Acquire Licensing RightsNEW YORK, Oct 18 (Reuters) - Several U.S. regional banks beat analysts third-quarter profit expectations on Wednesday as higher interest rates allowed them to charge more for loans, although rising loan loss provisions and deposit retention costs crimped margins.Shares of several regional banks fell, including M&T Bank and US Bancorp.Stronger net interest income (NII), the difference between what banks earn from lending and pay out on...