Business

Sees deliveries of 9-9.5 mln this year vs 9.5 mln previouslyQ2 cash flow plunges 71%Shares down 3.3%Outlook contrasts with European rivalsBERLIN, July 27 (Reuters) – Volkswagen (VOWG_p.DE) on Thursday cut its full year sales target and pledged to improve its cash position in the second half by hiking prices and cutting costs as the German… […]

DUBLIN, July 27 (Reuters) – Digital rights group NOYB on Thursday filed a complaint against Ryanair (RYA.I), alleging that the airline is violating customers’ data protection rights by using facial recognition to verify their identity when booking through online travel agents.NOYB, led by Austrian privacy activist Max Schrems, filed the complaint with Spain’s data protection… […]

LONDON, July 27 (Reuters) – Barclays (BARC.L) warned of growing pressure on its UK business as stubborn inflation and high interest rates pushed customers to repay debt and switch into savings, squeezing the bank’s margins and hurting its shares despite a fresh share buyback.Shares were 6.4% lower at 0745 GMT after the British bank reported… […]

Shell slows down share buyback programmeShell raises dividend, as previously announcedLNG trading weakensShares down 1.7%LONDON, July 27 (Reuters) – Shell (SHEL.L) on Thursday reported a 56% fall in second-quarter profit to $5 billion as oil and gas prices and refining profit margins fell, prompting the energy giant to slow its share repurchase programme.The earnings, which… […]

This content was produced in Russia, where the law restricts coverage of Russian military operations in UkraineMOSCOW/LONDON/NEW DELHI, July 27 (Reuters) – A Liberian-flagged oil tanker set sail in May from Russia’s Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination… […]

ZURICH, March 20 (Reuters) – Credit Suisse and UBS might gain from more than 260 billion Swiss francs ($280 billion) in state and reserve bank assistance, a 3rd of the nation’s gdp, as part of their merger to buffer Switzerland versus worldwide monetary chaos, files describing the offer program. Swiss authorities revealed on Sunday that… […]

March 20 (Reuters) – Shares of First Republic Bank ( FRC.N) closed 47%lower on Monday, including to current losses as issues about its liquidity continued to stress financiers in spite of a $30 billion increase […]

Extra Tier 1 financial obligation holders erased Presumption had actually been AT1 holders would outrank equity holders Method roils broader bank bond and stock exchange C Suisse prospectus specified AT1 bonds would be crossed out SINGAPORE, March 20 (Reuters) – The rudest shock in the hurried offer to conserve embattled Swiss loan provider Credit Suisse… […]

March 20 (Reuters) – The Federal Deposit Insurance Coverage Corporation on Monday chose to separate Silicon Valley Bank (SVB) and hold 2 different auctions for its conventional deposits system and its personal bank after stopping working to discover a purchaser for the stopped working lending institution recently. It will look for quotes for Silicon Valley… […]