Frankfurt, Germany – Companies across the Euro zone are voicing concerns over a decelerating economy and the growing competitive pressure from China, according to a recent poll conducted by the European Central Bank (ECB). The survey, which gathered insights from 72 large firms in the euro area between June 23 and July 2, indicates a…
Stockholm, Sweden – Loomis AB (STO:LOOMIS), a leading cash handling company, saw its stock price climb by 9% after announcing a robust financial performance for the second quarter. The company reported a significant 21% increase in net income, reaching SEK 478 million, while its operating margin hit a record high of 12.7%. Despite a 3%…
Herzogenaurach, Germany – Shares in Puma, the German sportswear giant, experienced a sharp decline of 16% on Friday following the announcement of a significant second-quarter loss. This unexpected downturn has prompted the company to issue a profit warning and dramatically revise its full-year financial outlook, sending shockwaves through the market. Puma reported missing both its…
Wolfsburg, Germany – Volkswagen Group has revised its financial forecast for 2025, anticipating a challenging year ahead after reporting a substantial 33% decline in its first-half operating profit and a negative cash flow in its core automotive division. The German automaker now expects its 2025 revenue to remain flat, a significant reduction from its earlier…
Global markets are currently experiencing a period of dynamic shifts influenced by a confluence of factors, including evolving trade agreements, significant developments within major corporations like Intel, and commentary from key figures such as President Donald Trump and Federal Reserve Chair Powell. Investors are closely monitoring these elements to gauge future economic direction and market…
The EUR/USD currency pair exhibited limited movement in Friday’s trading session, navigating a landscape of calm market conditions despite the impact of strong economic data from the United States and a recent hawkish stance communicated by the European Central Bank (ECB). Following the ECB’s decision on Thursday to keep interest rates unchanged, accompanied by a…
The European Central Bank (ECB) announced on Thursday that it would keep its key interest rates unchanged following its July policy meeting, a decision widely anticipated by markets. This marks a pause after a series of seven consecutive rate cuts, signaling a wait-and-see approach amidst a complex economic landscape. The main refinancing operations interest rate,…
