Stock Market

Qantas soars to a record first-half profit, but a price reduction worries investors.

(Reuters) – Sydney Qantas Airways Ltd., Australia’s national carrier, soared to a record first-half profit as demand for travel outpaced…

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At the end of business in Australia, the S&P/ASX 200 was down 0.40%.

Australia’s equities fell after the close on Thursday, driven by declines in the Metals & Mining, Materials, and Resources sectors. The S&P/ASX 200 dropped 0.40% at the end of the week in Sydney, setting a new one-month low. The session’s best performer on the S&P/ASX 200 was AP Eagers Ltd. (ASX:APE), which gained 8.97% or 1.07 points to finish at 13.00.  In late activity, Qube Holdings Ltd (ASX:QUB) rose 8.70% or 0.26 points to 3.25, while Medibank Private Ltd (ASX:MPL) rose 6.49% or 0.20 points to 3.28.   On the Sydney Stock Exchange, declining companies outweighed rising…

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Telekom announced fourth-quarter growth and expects slightly higher profits in 2023.

(Reuters) – Berlin On Thursday, Deutsche Telekom posted better-than-expected fourth-quarter earnings, noting good performance from T-Mobile US (NASDAQ:TMUS) and forecasting…

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European market futures are rising, and the final Eurozone CPI reading is expected.

European stock markets are anticipated to start higher on Thursday as investors assess the latest Federal Reserve minutes ahead of…

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Medibank Australia reports a profit and an increase in policyholders; shares rise.

(Reuters): On Thursday, Medibank Private Ltd., Australia’s largest health insurer, announced a larger-than-expected increase in first-half earnings and said it…

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Eureka! Tesla claims that California is still its home – at least for its research headquarters.

(Reuters) – San Francisco (Reuters) -Elon Musk isn’t completely abandoning California, stating on Wednesday that Tesla (NASDAQ:TSLA) Inc. will keep…

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Citigroup thinks that the global economy will have a “less hard” landing this year.

(Reuters) -Citigroup economists raised their predictions for global growth slightly on Wednesday. They see a “less hard” landing, but still…

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Japan’s government bonds break the yield cap, so the Bank of Japan buys them and gives loans.

The yield on Japan’s 10-year government bonds broke through the top end of the Bank of Japan’s policy band for…

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Danone’s Q4 sales were better than expected, and the company plans to grow profitably by 2023.

(Reuters) – PARISIn the last quarter of 2022, Danone had sales growth of 7%, which was better than expected. This…

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Rio Tinto’s profit for 2022 goes down because the slowdown in China hurts iron ore margins.

Rio Tinto Ltd. (ASX:RIO), an Anglo-Australian mining company, reported a big drop in its profit for 2022 on Wednesday. This…

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