Author: super@dmin

‘What is their fiduciary responsibility and what recourse do the remainders have to hold the bank accountable?’

The car maker said results were boosted by favorable currency translation effects and improvements in semiconductor supplies.

The German luxury car maker confirmed the full-year margin target for its auto business and said earnings came in higher, helped in part by car pricing.

The consumer price index–which measures what consumers pay for goods and services–increased 85.5% in October on year, quickening from a 83.5% rise in September.

The growth was spurred by brand campaigns and marketing investment, including the launch of 2022’s fall/winter collections, the company said.

ING said third-quarter net profit ticked down on year, hit by a mortgage holiday in Poland, and that it is initiating a 1.5 billion euro ($1.47 billion) share-buyback program.

The profit rise for the German e-commerce retailer came even as consumers shopped less due to elevated inflation and recession risks, but said sales and earnings should come at the lower end of its forecasts.

The French lender said Thursday that its net profit in the three months to the end of September rose to 2.76 billion euros ($2.71 billion) from EUR2.50 billion in the same period a year earlier.

Carl Icahn has a sizable stake in Crown Holdings Inc. and believes the beverage-can maker should shed noncore units and buy back more stock, according to people familiar with the matter.

A private gauge of China’s services-sector activity slipped further into contraction in October, reflecting the impact of stringent restrictions to curb Covid-19 outbreaks sweeping the country.