Gucci jumps on the crypto bandwagon with U.S. project

Gucci's high-end handbags and other luxury products can now be bought using cryptocurrencies, including bitcoin, in some U.S. stores, the Italian company said, as digital currencies move to broader acceptance.

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05-05-2022

Asian equities see large outflows for fourth straight month

Asian equities saw massive foreign capital outflows in April on expectations of a hawkish policy by the U.S. Federal Reserve and concerns over the impact of China's lockdowns on regional growth.

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05-05-2022

Stellantis revenues rise 12% despite chip crunch, shares up

MILAN (Reuters) -Revenue for carmaker Stellantis rose 12% in the first three months of the year, supported by strong pricing and the type of vehicles sold, offsetting the impact of the semiconductor shortage on volumes.

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05-05-2022

Shell posts record quarterly profit, lifted by energy price surge

LONDON (Reuters) -Shell on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.

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05-05-2022

ArcelorMittal increases buyback program, sees global steel dip

ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in global steel demand this year, with a sharp decline in the former Soviet Union countries.

newspaper

05-05-2022

Shell posts record profit, lifted by soaring energy prices

LONDON (Reuters) -Shell reported on Thursday a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.

newspaper

05-05-2022

ECB should not raise rates in July before Q2 GDP data: Panetta

The European Central Bank should not raise interest rates in July, even though the inflation outlook suggests it can gradually reduce support for the economy, ECB board member Fabio Panetta told Italian newspaper La Stampa.

newspaper

05-05-2022

Oil climbs higher on supply jitters as EU lays out Russian oil ban

Oil prices extended gains on Thursday on supply concerns as the European Union proposal laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting concerns over weaker Chinese demand.

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05-05-2022

SocGen boosts income but costs of Ukraine war rise

PARIS (Reuters) -French lender Societe Generale beat first-quarter earnings expectations on Thursday but booked higher provisions for bad loans as its customers feel the economic impact resulting from the war in Ukraine .

newspaper

05-05-2022