Money Matters
Fraudsters try to profit on Thomas Cook Group bankruptcy
Fraudsters try to take advantage of the situation around Thomas Cook. A warning is given to callers who claim to arrange reimbursements for Thomas Cook customers. The fraudsters…
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Commerzbank is not counting on growth this year
The German Commerzbank has lowered its expectations for this year. Unlike earlier outlooks, the company no longer relies on revenue growth. The bank announced this in a statement.…
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The strike at British Airways causes profit forecast correction
IAG group issued a profit warning after the strike wave at its subsidiary British Airways. In addition to the work interruptions, the company also suffered from weak sales…
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Imperial Brands lowered forecast, shares lost 8 percent
The British tobacco manufacturer Imperial Brands has lowered its profit forecast for this year. The company does that because the sales of vaping items are increasing less rapidly…
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S&P acknowledges the mistake in assigning the lower rating of BTA Bank
BTA Bank and Novacom corporation of Kazakhstan had received lower ratings due to error in methodology, S&P acknowledged in a press release. S&P has revised the national credit…
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Uniliver performance decline forecasted
Unilever is likely to report weak results for the third quarter. Barclays analysts suppose, that market conditions have become weaker and the Anglo-Dutch food and care concern is…
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Christine Lagarde demands predictability of central banks
The future president of the European Central Bank (ECB) Christine Lagarde believes that central bankers should be predictable. Central bank policies must also be based on “facts and…
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