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English section

English section
Eurozone growth accelerates to nine-month high in February

Eurozone business activity growth accelerated to a nine month high in February, reflecting an improved performance of the service sector and a return to growth of manufacturing output.

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Știri Recente
2 min The Up MultiBeneficii platform is now available on mobile

From now on, Up Romania’s users can manage and access their flexible benefits directly from their mobile phones using the Up Mobil app, available in App Store, Google Play and Huawei AppGallery.

Autor: Financial Market
3 min Orange reported a slightly increase in revenue but strong operating income for 2022

Orange group revenues totaled 43,471 million euros in 2022, a year-on-year increase of 0.6%. Africa & Middle East was the main contributor to this growth, with revenues rising by 414 million euros (+6.4%), followed by Totem

Autor: Financial Market
8 min Leonardo Badea (BNR): Climate change, natural disasters, and their impact on the economy

Today’s world faces a number of simultaneous threats and challenges that endanger people and their livelihoods, some of which could be considered rare events until recently. Phenomena such as the COVID pandemic, Russia’s war against Ukraine, the energy crisis have shaken the world and highlight, above all, the importance of preparing for exceptional situations.

Autor: Financial Market
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2 min While U.S. bonds see a resurrection, equities continue their dominance in Europe

An average return of 13% a year to investors by the S&P 500 was the rule between 2013 and 2022, when ultra-low interest rates brought bigger gains in equities than in bonds.

2 min Citigroup reported 21% decline in net profit in the fourth quarter 2022 primarily driven by higher cost of credit

Citigroup today reported financial results for the fourth quarter 2022 that were part below analysts′ expectations, with net income for the fourth quarter of $2.5 billion, or $1.16 per diluted share.

2 min Bank of America reported better-than-expected fourth-quarter earnings driven by higher interest rates

Bank of America reported Q4-22 net income of $7.1 Billion or $0.85 per diluted share compared to $7.0 billion, or $0.82 per diluted share for Q4-21.

2 min JPMorgan Chase reported fourth-quartet 2022 net income of $11 bln. Bank now expects a mild recession due to modest deterioration in macroeconomic outlook

JP Morgan Chase, the largest US bank in terms of assets reported today financial results for the fourth quarter 2022 that were above analysts’ expectations. Q4 Net income was $11.0 billion, up 6% yoy while whole year came at $37.7 bln.

2 min EY Study: Majority of CEOs fear recession will be worse than the financial crisis

The vast majority of CEO respondents (98%) are bracing for an economic downturn characterized by geopolitical tensions, supply chain disruption and ongoing COVID-19-related uncertainty, but appear split on its length, depth and severity.

2 min EU’s plan for frozen Russian assets brings more downsides than benefits

A month of the Ukrainian government’s current financing needs amounts to €4 billion, while the effort needed when the time comes to rebuild the country exceeds €750 billion.

3 min World Bank economic outlook: 2023 global growth to slow to 1.7% from 3% expected six months ago

Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by the war in Ukraine, according to the World Bank’s latest Global Economic Prospects report.

2 min Wells Fargo is reducing the size of its mortgage business and plans to focuse on existing customers

Wells Fargo (NYSE: WFC) announced strategic plans to create a more focused Home Lending business aimed at serving bank customers, as well as individuals and families in minority communities and plans to reduce the size of its Servicing portfolio.

2 min Microsoft, on the verge of reshaping its software business through a $10 billion investment

Artificial intelligence is becoming more and more appealing to investors, who see this as a very lucrative outlet for years to come.

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Indicele prețurilor de consum (CPI)

Indicele prețurilor de consum (CPI – Consumer Price Index) este unul dintre cei mai importanți indicatori macroeconomici, utilizat pentru a măsura evoluția prețurilor bunurilor și serviciilor consumate de populație. Practic,...

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