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Porsche shares rise in Frankfurt market debut

Porsche shares rise in Frankfurt market debut

[ad_1] The Porsche IPO is set to be one of the largest in European history.Thomas Kienzle | AFP | Getty ImagesPorsche shares edged higher in their stock market debut Thursday, in what's being billed as one of the biggest public offerings in Europe ever.Shares of the iconic sports car brand

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Barclays beats expectations but suspends buybacks after U.S. trading blunder

Barclays beats expectations but suspends buybacks after U.S. trading blunder

[ad_1] A branch of Barclays Bank is seen, in London, Britain, February 23, 2022.Peter Nicholls | ReutersLONDON — Barclays on Thursday said had suspended its planned share buyback program on the back of a costly trading error in the U.S.It comes as it reported expectation-beating profit for the first quarter, as

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White House will crack down on Russian attempts to evade sanctions, Biden security advisor says

White House will crack down on Russian attempts to evade sanctions, Biden security advisor says

[ad_1] Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022.Al Drago | Bloomberg | Getty ImagesWASHINGTON — National security adviser Jake Sullivan said Thursday that the Biden administration is focused on ensuring

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Britain will reveal crypto regulation plans in coming weeks, sources say

Britain will reveal crypto regulation plans in coming weeks, sources say

[ad_1] Britain's Chancellor of the Exchequer Rishi Sunak leaves the 11 Downing Street, in London, on March 23, 2022.Daniel Leal | AFP | Getty ImagesLONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to

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UK announces urgent fuel tax cut to fight cost of living crisis

UK announces urgent fuel tax cut to fight cost of living crisis

[ad_1] Chancellor of the Exchequer Rishi Sunak leaves 11 Downing Street to announce the Treasury's one-year spending review in the House of Commons in London, England, on November 25, 2020.David Cliff/NurPhoto via Getty ImagesLONDON — U.K. Finance Minister Rishi Sunak on Wednesday announced an immediate cut to fuel taxes and

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Barclays full-year net profit quadruples as corporate and investment bank booms

Barclays full-year net profit quadruples as corporate and investment bank booms

[ad_1] Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England.Dan Kitwood | Getty Images News | Getty

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Deutsche Bank posts a surprise profit on strong investment bank performance

[ad_1] Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany.Krisztian Bocsi | Bloomberg | Getty ImagesLONDON — Deutsche Bank on Thursday defied market expectations to post a profit for the fourth quarter of 2021, as investment bank revenues rose.The German lender said profit attributable to shareholders came in

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Bank of England announces rate hike from pandemic-era lows

[ad_1] View of the Royal Exchange and Bank of England in London.Vuk Valcic | SOPA Images | LightRocket | Getty ImagesLONDON — The Bank of England on Thursday hiked interest rates for the first time since the onset of the pandemic, increasing its main interest rate to 0.25% from its

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Bank of England holds off hiking rates despite surging inflation

[ad_1] A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021.Hollie Adams | Bloomberg | Getty ImagesLONDON — The Bank of England held interest rates steady on Thursday, defying many investors' expectations that it would become the first major central bank

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