Stocks and Indices

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Stocks and Indices

Date : 2023-02-14
Time : 10:00:00
Stocks and Indices
  • German warship-to-car parts conglomerate Thyssenkrupp (ETR:TKAG) on Tuesday said its operating profit fell by 33% in the first quarter, blaming lower prices for materials, including steel, in the wake of a weakening global economy.
  • Indian Prime Minister Narendra Modi's party has "nothing to hide or be afraid of" on the controversy over Adani group, the home minister said on Tuesday, responding to opposition allegations of favouring the conglomerate attacked by a U.S. short seller.
  • Price cuts at IKEA as well as promotional campaigns which the budget furniture giant normally doesn't do have boosted footfall and sales, the CEO of the company which owns most of its stores told Reuters, as it seeks to offset weak consumer confidence.
  • Most Asian stocks rose on Tuesday tracking some overnight strength in Wall Street, although caution in anticipation of more cues on the U.S. economy from key inflation data kept most bourses trading within a small range.
  • Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow's gas trade with Europe is unlikely to recover from the ravages of military conflict.

 

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