ING announces new buyback programme, Q3 net profit beats estimates

.Logo of ING Bank.Michel Porro | Getty ImagesING Groep, the largest Dutch bank, on Thursday announced its second share buyback programme of the year, of up to 2.5 billion euros ($2.65 billion), following third-quarter net profits that more than doubled from the previous year.The bank, which serves more than...

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VF Corp withdraws annual forecasts on slowing demand for higher-priced apparel

American skateboarding footwear company brand Vans store seen in Hong Kong.Budrul | LightRocket | Getty ImagesVF Corp withdrew its full-year revenue and profit forecasts on Monday, with demand for its higher-priced apparel and footwear easing as customers turn more cost conscious, especially in the United States.Shares were down 4%...

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Mercedes-Benz third-quarter earnings take a hit on subdued sales, supply chain snags

Preparations at the Mercedes-Benz booth with the Mercedes-Benz Vision EQXX automobile ahead of the Munich Motor Show (IAA) in Munich, Germany, on Sunday, Sept. 3, 2023. The biennial motor show, one of Europe's most important automotive events, opens on Tuesday, Sept. 5, with the future of the car industry...

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TotalEnergies sticks to share buyback plans despite net income drop

TotalEnergies CEO Patrick Pouyanne said the company had allocated nearly one-third of its capital expenditure to low-carbon technologies, with the remainder spent on oil and gas.Picture Alliance | Picture Alliance | Getty ImagesTotalEnergies on Thursday posted a 35% fall in third quarter adjusted net income from last year's record...

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BNP Paribas posts in-line Q3 profits as trading declines

BNP Paribas latest quarterly results are out.ANGELA WEISS | AFP | Getty ImagesBNP Paribas, the euro zone's biggest bank, posted in-line quarterly results on Thursday, as a jump in corporate financing services offset the continued retreat in trading revenue. The French lender's third-quarter net income dropped by 4% from...

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UOB sees stronger 2024 outlook, Q3 net profit trails estimate

The United Overseas Bank (UOB) building is pictured in the Raffles Place financial district in Singapore on August 10, 2023.Roslan Rahman | Afp | Getty ImagesSingapore's United Overseas Bank, or UOB, expected a stronger outlook for next year including better loan and fees growth, as it reported on Thursday a weaker-than-expected 1% drop in...

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UniCredit beats third-quarter profit estimates, keeps 2023 outlook

The logo of Italian international banking group UniCredit stands on the facade of the group headquarters, located in the Porta Nuova district, as seen from the viewpoint of Palazzo Lombardia on September 29, 2023 in Milan, Italy.Emanuele Cremaschi | Getty Images News | Getty ImagesItaly's UniCredit on Tuesday beat...

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