April, 2022

• 28 April

  Deutsche Bank’s traders take Sewing closer to profit goal

  

    Bloomberg Deutsche Bank AG raised the outlook for its investment bank after fixed-income traders outperformed Wall Street peers for a seventh straight quarter, boosting Chief Executive Officer Christian Sewing in the final year of his turnaround plan. Revenue from buying and selling fixed-income securities rise 15% from a year earlier, beating the biggest US investment banks, where the business …

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• 28 April

  Credit Suisse sheds more executives after another quarterly loss

  

  Bloomberg Credit Suisse Group reported a bigger-than-expected loss, parted ways with three senior executives and warned that the full damage from one of the most turbulent periods in its history is yet to be accounted for. The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by 703 million francs in …

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• 28 April

  StanChart raises revenue outlook

  

    Bloomberg Standard Chartered (StanChart) Plc shares surged after it beat estimates in the first quarter and the lender said revenue would climb more this year than the previously predicted. Underlying pretax profit posted a surprise 4% rise to $1.5 billion in the period on a jump from its trading business, the London-based bank said in a statement on Thursday. Revenue …

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• 28 April

  Meta shares increase 19% as Facebook returns to growth

  

  Bloomberg Shares of Facebook parent company Meta Platforms Inc. surged during pre-market hours on Thursday, a day after reporting its main platform added more users than projected in the first quarter, potentially staving off concerns that the company is losing momentum as a new generation flocks to younger sites like TikTok. The stock gained as much as 19% during pre-market …

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• 28 April

  European shares gain on busy earnings day, trimming monthly drop

  

    Bloomberg European stocks advanced for a second day, trimming their monthly decline, as investors monitored a busy earnings day to gauge the companies’ ability to overcome inflationary and policy risks. The Stoxx Europe 600 Index was 1.3% higher by 9:39 am in London, with autos and technology sectors outperforming. Banks also rise as Standard Chartered Plc shares surged after …

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• 27 April

  Germany says it’s meeting with EU partners on gas supplies

  

  Bloomberg Germany said it’s discussing the decision by Russia’s Gazprom PJSC to halt gas flows to Poland and Bulgaria with European Union partners, and although it views the move with concern, security of supply is currently guaranteed. “All in all, gas flows are currently at a stable level but we are monitoring the situation very closely,” the economy ministry in …

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• 27 April

  Sinopec’s profit recovery faces threat from Covid-19 spread

  

  Bloomberg China’s biggest oil refiner posted increased profits for the first quarter even as the country’s worst pandemic outbreak threatens a pullback in fuel demand. Sinopec reported 23.3 billion yuan ($3.6 billion) in net income, an increase of 24% from the same period last year, according to an exchange filing. The Chinese oil giant, officially known as China Petroleum & …

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• 27 April

  Asia braces for LNG price surge as Russia cuts some supply to EU

    Bloomberg Liquefied natural gas importers in Asia are bracing for higher spot prices as Russia’s move to cut some supply to Europe is poised to further tighten the global market. Moscow is cutting off gas to Poland and Bulgaria, making good on a threat to halt flows to countries that refuse President Vladimir Putin’s new demand to pay for …

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• 27 April

  Hong Kong’s new travel easing leaves business wanting more

  

    Bloomberg Hong Kong’s latest moves to ease travel into the financial hub are getting a lukewarm reception from the business community and airlines. After months of criticism, the government is loosening a policy that suspends passenger flights for bringing in Covid-19 cases. It is also allowing all non-residents to enter the city for the first time in more than …

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• 27 April

  Tata’s Air India plans to buy AirAsia’s local unit

  

    Bloomberg Air India Ltd, which was taken over by Tata Sons Pvt in January, has offered to acquire the entire share capital of AirAsia India, according to a filing with the country’s anti-trust regulator. The proposed offer seeks to buy the residual stake held by AirAsia Bhd, the filing on the website of the Competition Commission of India showed. …

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