24/7 New York news stream: Watch NBC 4 free wherever you arebeating expectation in its return to profit in the three months to September. Shares of the German lender declined 3.3% at the open.China and Russia's ‘profound' ties will not change despite ‘turbulent' geopolitical landscape, Xi tells Putin
"Our industry is facing an increasingly volatile environment. Macroeconomic headwinds are intensifying, as is geopolitical complexity," Volvo Cars CEO James Rowan said in a statement, noting that"continued cost actions remain necessary going forward, and we are determined to deliver on our ambitions."reported a rise in third-quarter net profit on Wednesday to 9.4 billion Swedish kroner , up 9% from the previous quarter.
The Amsterdam-listed company also said it expected its adjusted core earnings to reach 1.5 billion euros this year, confirming its earlier forecast for it to be at the low end of a 1.5 billion to 1.65 billion euro range.A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023.
Crude oil futures have gained about 4% this week, after China cut its benchmark lending rates and geopolitical tensions in the Middle East remain volatile.Though prices are rising this week, the supply-and-demand outlook looks bearish, even as Israel is still expected to retaliate against Iran for the Islamic Republic's Oct. 1 ballistic missile attack.
However,"Despite the good news on inflation, downside risks are increasing and now dominate the outlook," said IMF chief economist Pierre-Olivier Gourinchas. Now that inflation is headed in the right direction, global policymakers face a new challenge stemming from the rate of growth in the world economy, the IMF warned.
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