Nordea Bank Abp, the biggest bank in the Nordic region, reported better than expected profits from its lending business in the first quarter, joining a slew of peers as they enjoy a tailwind from rising interest rates.
J Sainsbury Plc indicated profit could rise slightly this year as the grocer’s efforts to keep prices down despite surging inflation attract customers.
AstraZeneca Plc profit rose in the first quarter, helped by sales of its blockbuster oncology treatments, as the company looks to key trial readouts this year to reinforce its position as a top producer of cancer therapies.
Car and home loans in the Philippines are jumping while credit cards are being swiped relentlessly to pay for travel and dining in signs that 16-year-high borrowing costs aren’t deterring Filipinos from spending.
The classic commodities recession play of switching from oil to gold is well underway, but it’s far from a smooth progression as investors juggle signals from the Federal Reserve and China’s stuttering post-virus recovery.
Confidence is in short supply among Chinese investors these days, confounding analysts who say reasons to own the market are finally coming true.
Chinese authorities have questioned employees at Bain & Company’s Shanghai office, the consultancy said, a development that comes as Beijing exerts pressure on foreign firms operating in the country.
After a bullish start to 2023, iron ore is struggling with the reality that China’s property sector — the steelmaking material’s largest demand driver for two decades — is still far from a robust recovery.
Deutsche Bank AG expects to pick up clients and staff from Credit Suisse Group AG after the Swiss lender had to be rescued by UBS Group AG.
Glencore Plc reiterated its offer to buy Teck Resources Ltd. and said it’s still willing to bid more, pressing its advantage after the Canadian miner’s shareholders rejected a plan to split the business.
