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Finance
Stagflation talk returns to rattle markets as oil rebounds to $100
Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid elevated inf...
Finance
Sabadell's Q2 net profit up 28% on capital gains from TSB sale
Spain's Sabadell said on Friday its second-quarter net profit rose 28% from the same period in 2025 due to capital gains of €322 million from the sale of its British unit TSB tha...
Finance
Property companies Argan and WDP plan merger to create new €13 billion company
Property companies Argan and Belgium's WDP announced on Thursday plans to merge and create a new company which they said would be worth €13 billion ($14.8 billion).
Finance
ECB considering several options to mitigate losses, sources say
The European Central Bank is considering several options to mitigate its financial losses, in a tense debate that is expected to come to a head in the autumn, four sources said.
Finance
Germany's Merz could announce cabinet reshuffle on Friday, sources say
German Chancellor Friedrich Merz could announce a cabinet reshuffle on Friday, triggered by the abrupt exit of party heavyweight Jens Spahn in a row over a surrogacy baby, three ...
Finance
ECB will discuss raising banks' minimum reserves, Lagarde says
The European Central Bank will discuss raising banks' minimum reserve requirements, ECB President Christine Lagarde said on Thursday, opening the door to a move that would cut the...
Finance
Suspect detained, ending deadly hostage situation at German bank
A knife-wielding 20-year-old who fatally attacked a man and held others hostage in a bank in the western German city of Regensburg has been detained, local media and police sa...
Finance
RBI says to pursue $3.6 billion in damages from Russia's Rasperia in Austria
Raiffeisen Bank International (RBI) said on Thursday that it would take legal action in pursuit of around €3.15 billion ($3.58 billion) in damages from EU-sanctioned Russian firm ...
Finance
Equities surpass real estate as top US wealth driver for first time since WW2, Goldman says
U.S. equity holdings have surpassed real estate as a share of net financial wealth for the first time since World War Two, Goldman Sachs said, underscoring how stocks have become...
Finance
Spain's Zapatero says seized jewels worth $1.5 million were a 'courtesy gift'
Spanish former Prime Minister Jose Luis Rodriguez Zapatero said on Thursday that €1.3 million ($1.5 million) of jewellery seized by police as part of an investigation was a person...
Finance
Ameriprise Financial quarterly profit rises on higher fee income
Asset and wealth manager Ameriprise Financial reported a rise in its second-quarter profit on Thursday, driven by a market rally that boosted the value of its fee-generating asse...
Finance
BNP Paribas sees path to around 50% cost-income ratio over time, CEO says
BNP Paribas sees a path toward a cost-income ratio of around 50% over time as it steps up efficiency measures, Chief Executive Jean-Laurent Bonnafe said on Thursday.
Finance
ECB keeps rates on hold, leaves room for more hikes
The European Central Bank kept borrowing costs on hold on Thursday but left room for more tightening in the coming months as a widening conflict in the Middle East pushed up ener...
Finance
Lazard profit plunges on elevated tax rate, financial advisory volatility
Investment bank Lazard reported a 91% plunge in second-quarter profit on Thursday, hurt by a higher tax rate and a drop in revenue in its financial advisory business.
Finance
EU targets Russian banks in new sanctions package over Ukraine war
European Union envoys agreed on a 21st sanctions package against Russia over its war in Ukraine, imposing curbs on its banking sector while also finding a compromise with Greece t...
Finance
Spain's Bankinter Q2 net profit rises 16% supported by fees
Spain's Bankinter said on Thursday its second-quarter net profit rose 16% from the same period in 2025, helped by a rise in fees and lending income.
Finance
UniCredit posts better than expected results, axes buyback after Commerzbank bid
Italy's second-biggest bank, UniCredit , on Thursday posted better than expected first-half earnings and slightly improved its 2026 outlook, adding it expected its investment in...
Finance
BNP Paribas beats estimates on equity trading boom, retail rebound
French lender BNP Paribas beat forecasts with a 33% increase in second-quarter net profit on Thursday after its investment bank rode a boom in trading and performance at its retai...
Finance