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finance

Rates hold steady ahead of Fed chair transition

(The Center Square) – The Federal Reserve wrapped up what could be its last meeting under current Chair Jerome Powell on Wednesday with a decision to hold rates steady, in line with market predictions. This marks the third consecutive meeting where the board has maintained a target interest rate of 3.

German inflation jumps in April as energy costs surge

German inflation jumps in April as energy costs surge

German inflation jumped to its highest level in over two years in April as the Middle East war triggered a surge in energy costs, official data showed Wednesday. Consumer prices in Europe's biggest economy rose 2.9 percent compared with the same month a year earlier, according to

UBS first-quarter profits jump 80% on investment banking

UBS first-quarter profits jump 80% on investment banking

Swiss banking giant UBS on Wednesday reported that net profit rose a better-than-expected 80 percent to $3 billion in the first quarter, lifted by its investment banking arm. Revenue climbed 13 percent from the same period last year to $14.2 billion despite "a volatile and unpredictable

Finnish lift maker Kone acquires German rival TKE, creating giant

Finnish lift maker Kone acquires German rival TKE, creating giant

Finnish lift maker Kone on Wednesday announced the acquisition of its German rival TKE in a huge share-and-cash deal valuing TKE at 29.4 billion euros ($34.4 billion) to create a global giant. The group formed by the merger will be nearly twice the size of the

Adidas reports higher profits but warns of 'volatile' climate

Adidas reports higher profits but warns of 'volatile' climate

German sportswear giant Adidas on Wednesday reported strong growth in quarterly profits as sales rose in key markets, but warned of a "very volatile" and highly competitive retail environment. The maker of Gazelle and Samba trainers said net profit attributable to shareholders came in at 482 million euros

Proposed law creates new risks for Montana businesses | Bruce Gillespie

Spring is typically a season of optimism. Entrepreneurs are opening new businesses, family farms and ranches are calving and planning for the next season, and existing small business owners are reviewing their finances and planning for growth. However, at precisely this moment, Congress is considering legislation that would make those

BP reports huge profit rise in first quarter

BP reports huge profit rise in first quarter

British energy giant BP on Tuesday reported a sharp increase in profits in the first quarter as crude oil prices soared amid the Middle East war. Oil prices have risen since the start of the US-Iran conflict on February 28, often swinging violently in response to the war'