News
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Mastercard's profit jumps on resilient consumer spending
Jan 30 (Reuters) - Mastercard MA.N reported a higher fourth-quarter profit on Thursday as a resilient economy encouraged consumers to ramp up spending in the holiday season.The company's net income rose to $3.34 billion, or $3.64 per share, in the three months ended Dec. 31, compared with $2.79 ...Reuters
Thu, Jan 30
Homebuilder PulteGroup posts upbeat quarterly results; increases share buyback
Jan 30 (Reuters) - U.S. homebuilder PulteGroup PHM.N beat Wall Street estimates for its fourth-quarter results on Thursday, as strategic promotions helped boost home sales despite high mortgage rates, sending its shares up more than 3% in premarket.The Atlanta, Georgia-based company said it used tar...Reuters
Thu, Jan 30
BRIEF-Chairman Of BBVA: Central Scenario For Sabadell Bid Contemplates Full Merger
Jan 30 (Reuters) - Chairman of Banco Bilbao Vizcaya Argentaria SA BBVA.MC, Carlos Torres:CENTRAL SCENARIO FOR SABADELL BID CONTEMPLATES FULL MERGER BUT EVEN WITHOUT IT, DEAL WOULD STILL MAKE SENSE AS MOST OF SYNERGIES WOULD BE BOOKEDNEW BANKING TAX IN SPAIN COULD HAVE IMPACT IN THE CALENDAR OF THE D...Reuters
Thu, Jan 30
Mexico's economy down 0.6% in Q4, preliminary estimate shows
Jan 30 (Reuters) - Mexico's economy fell 0.6% in the fourth quarter from the previous three-month period, a preliminary estimate from national statistics agency INEGI showed on Thursday.Compared with the same quarter a year earlier, the Mexican economy grew 0.6%, the statistics agency said. It a...Reuters
Thu, Jan 30
BRIEF-BBVA Chairman: Sabadell's Decision To Transfer Headquarter Does Not Change Rationale Of The Deal
Jan 30 (Reuters) - Banco Bilbao Vizcaya Argentaria SA BBVA.MC:CHAIRMAN CARLOS TORRES: SABADELL'S DECISION TO TRANSFER HEADQUARTERS BACK TO CATALONIA IS UP TO THEM, IT DOES NOT CHANGE RATIONALE OF THE DEALCHAIRMAN: OUR SYNERGY TARGET OF 850 MILLION EUROS FROM THE DEAL WITH SABADELL HAS NOT CHANGE...Reuters
Thu, Jan 30
BRIEF-BBVA Chairman: No Room To Improve Offer For Sabadell
Jan 30 (Reuters) - Banco Bilbao Vizcaya Argentaria SA BBVA.MC:CHAIRMAN CARLOS TORRES: WE HAVE BEEN VERY CLEAR THAT THERE IS NO ROOM TO IMPROVE OFFER FOR SABADELLCEO ONUR GENC: IT WOULD MAKE MORE SENSE TO HOLD NEW INVESTORS DAY IN SECOND HALF OF 2025CEO: IN THE LONG-TERM WE THINK THERE ARE BIG STRUCT...Reuters
Thu, Jan 30
BRIEF-BBVA Chairman Doesn't Expect More Changes At Telefonica, Backed Management Reshuffle
Jan 30 (Reuters) - Banco Bilbao Vizcaya Argentaria SA BBVA.MC Chairman Carlos Torres:WE BACKED THE DECISION TO CHANGE MANAGEMENT AT TELEFONICA AND WE DON'T EXPECT MORE CHANGESINVESTMENT IN TELEFONICA IS A FINANCIAL INVESTMENT, NOT STRATEGIC INVESTMENT, BUT WE ARE AIMING TO CREATE VALUESource tex...Reuters
Thu, Jan 30
Blackstone's Q4 profit surges as dealmaking gathers momentum, AUM hits record high
Jan 30 (Reuters) - Blackstone BX.N trounced Wall Street estimates for fourth-quarter profit on Thursday, fueled by a pickup in dealmaking, while the assets under management at the world's largest alternative investment firm reached a record $1.13 trillion. Lower interest rates, Donald Trump'...Reuters
Thu, Jan 30
Russian banks reap record profits in 2024, helped by high rates and loan growth
High interest rates boost banks' net interest marginsLending growth slows due to soaring borrowing costsCenbank official: Don't compare results with 'exceptional' 2023Corporate non-performing loans increased 4.1%, bank saysAdds detail in paragraphs 3, 6, 9-10By Elena Fabrichnaya and ...Reuters
Thu, Jan 30
Ukraine aid groups cut services, scramble for cash after US funding shock
Ukraine is heavily reliant on U.S. aid to fund projectsTrump's suspension of assistance has hit groups hardVeteran hotlines, educational programmes put on holdNGOs scramble for alternative funding, but money is scarceBy Olena Harmash KYIV, Jan 30 (Reuters) - Some 150 Ukrainian teenagers from...Reuters
Thu, Jan 30
Germany's recession fears return ahead of election
Q4 GDP fell 0.2%, more than forecastEconomy biggest concern among votersContraction spurs recession fearsAdds economists comments and euro zone context in paragraphs 4, 6-7, 11, 13-14By Maria Martinez BERLIN, Jan 30 (Reuters) - The German economy contracted more than expected in the final quarter...Reuters
Thu, Jan 30
