Scratched EV battery? Your insurer may have to junk the whole car
By Nick Carey, Paul Lienert and Sarah McFarlane LONDON/DETROIT (Reuters) -For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after...
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El-Erian Says US Banks Need a ‘Circuit Breaker’ After Upheaval
(Bloomberg) -- Mohamed El-Erian says the latest upheaval surrounding First Republic Bank (NYSE:FRC) will make banks rethink their standards and prepare for tougher regulation.“You have...
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Commerzbank rises as Germany's No. 2 lender returns to DAX index
By Scott Kanowsky Investing.com -- Shares in Commerzbank AG (ETR:CBKG) rose on Monday after the German lender re-entered the DAX index, replacing chemicals giant Linde...
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Flutter, Adyen, Eni highlight Euro Stoxx 50 top gainers and losers for the week
By Daniel Shvartsman Investing.com -- Here are this week's top Euro Stoxx 50 movers, a week in which the index closed up 1.8% amidst a busy week of earnings. Top 5 Euro Stoxx 50...
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Dow Jones Newswires: Allianz swings to profit, but some segments struggle
Europe's largest insurer said net profit in the three months to the end of December was 2.01 billion euros ($2.14 billion), compared with a net loss of EUR292 million in the same period of...
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Allianz swings to Q4 net profit, bouncing back from U.S. funds debacle
FRANKFURT (Reuters) -Germany’s Allianz on Friday swung to a fourth-quarter net profit, marking a return to the black after taking big charges a year earlier for a U.S. funds scandal.
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Exclusive-After multi-billion U.S. fund collapse, Germany’s Allianz eschews risk for safe bonds
By Tom Sims and John O’Donnell FRANKFURT (Reuters) – For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...
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Top 5 stocks to end the year, according to Artificial Intelligence
By Laura Sánchez Investing.com -- Danelfin has released its new December ranking of the stocks most likely to beat the market. Until now, the monthly rankings were based solely on the AI...
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El-Erian Says US Recession Not a ‘Done Deal’ in Fed Fight
(Bloomberg) -- A US recession is not a “done deal” thanks to a relatively resilient labor and credit market, while Wall Street has already priced in a high degree of interest-rate risk,...
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El-Erian Says Economy Is Starting to ‘Go Through the Windshield’
(Bloomberg) -- Allianz (ETR:ALVG) SE chief economic adviser Mohamed El-Erian said that aggressive monetary tightening by the Federal Reserve will not only damage the US economy, but will...
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European Stocks Mixed; WPP Weighs on U.K. Market
By Peter Nurse Investing.com - European stock markets traded in a mixed fashion Friday, as investors digest more quarterly corporate earnings ahead of the latest widely watched U.S. jobs...
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Allianz Earnings, Revenue beat In Q2
Investing.com - Allianz (ETR:ALVG) reported on Friday second quarter {{erl-347||earnings that beat analysts' forecasts and revenue that topped expectations. Allianz announced earnings per...
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European Stock Futures Edge Higher; Nonfarm Payrolls in Focus
By Peter Nurse Investing.com - European stock markets are expected to open marginally higher Friday, boosted by generally positive quarterly corporate earnings, but the upcoming U.S....
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Wall Street Says a Recession Is Coming. Consumers Say It's Already Here
(Bloomberg) -- The recession calls are getting louder on Wall Street, but for many of the households and businesses who make up the world economy the downturn is already here. Take Gina...
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El-Erian Warns Inflation Hasn’t Peaked as Energy Prices Rise
(Bloomberg) -- Mohamed El-Erian, who almost a year ago accurately forecast that elevated US inflation would be persistent, says it hasn’t peaked. The closely followed bond-market strategist...
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Allianz Earnings miss, Revenue beats In Q1
Investing.com - Allianz (ETR:ALVG) reported on Thursday first quarter {{erl-347||earnings that missed analysts' forecasts and revenue that topped expectations. Allianz announced earnings...
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European Stock Futures Sharply Lower; U.S. Inflation, U.K. GDP Hit Confidence
By Peter Nurse Investing.com - European stock markets are expected to open sharply lower Thursday as persistent U.S. inflation raised fears of aggressive monetary tightening, hitting growth...
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Asian Stocks Down After High Inflation, Interest Rate Hikes
By Gina Lee Investing.com – Asia Pacific stocks were down on Thursday morning as investors kept an eye on high inflation and tightening monetary policies. China’s Shanghai Composite stayed...
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European Stocks Higher; Thyssenkrupp Shines With 1Q Earnings
By Peter Nurse Investing.com - European stock markets traded higher Wednesday, helped by solid corporate earnings and ahead of the release of key U.S. inflation data which could influence...
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Allianz Rises After Booking 'Final' 1.9 Bln Euro Hit for Structured Alpha Fiasco
By Geoffrey Smith Investing.com -- Allianz (ETR:ALVG) stock rose in early trading in Frankfurt on Wednesday after booking another 1.9 billion euro charge against its imploded Structured...
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Who's doing what this week in the South African M&A space?
Exchange Listed Companies Sanlam (JO:SLMJ)'s release this week detailing the creation of a pan-African joint venture with Allianz (ETR:ALVG) SE, fleshes out its cautionary announcements to...
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Goldman Sachs Traders Make $300 Million on Inflation in First Quarter
(Bloomberg) -- Traders at Goldman Sachs Group Inc (NYSE:GS). have made hundreds of millions of dollars from inflation trading so far this year, as the Wall Street giant benefits from the...
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Gold Continues South of $2,000; Eyes on Fed and Powell Next
By Barani Krishnan Investing.com - Will the $2,000 magic return to gold soon? The yellow metal continued its journey southward of that level on Monday, hitting a 10-day low of just above...
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Allianz Earnings miss, Revenue beats In Q4
Investing.com - Allianz (DE:ALVG) reported on Friday fourth quarter {{erl-347||earnings that missed analysts' forecasts and revenue that topped expectations. Allianz announced earnings per...
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Wall Street’s Big Bet on Chinese Markets Is Going All Wrong
(Bloomberg) -- The bar for China’s financial markets to do better this year was so low, virtually everyone on Wall Street was saying the country’s stocks and bonds could only go up. That bet...
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Whiplashed Wall Street struggles with mixed payrolls data
By Lawrence Delevingne BOSTON (Reuters) -U.S. stocks and Treasury yields were mixed on Friday as investors digested payroll data and its potential impact on Federal Reserve policy in the...
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Insurers Sanlam and Allianz exploring options for Africa operations
JOHANNESBURG (Reuters) -African insurer Sanlam Ltd (JO:SLMJ) said on Wednesday it was exploring "strategic alternatives" with Germany's Allianz (DE:ALVG) SE for their respective African...
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South Africa To See Rise In Exports In 2021, 2022 And 2023, Insurer Says
Global supply-chain disruptions could remain high until H2 2022 amid renewed COVID-19 outbreaks around the world, China’s sustained zero-COVID policy and demand and logistic volatility...
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Oil Struggles in New Week as Yields Spike, El-Erian Talks Down $100 Crude
By Barani Krishnan Investing.com - Oil prices set the ground for a fourth of week of losses on Monday as inflation worries dominated the narrative across markets. A spike in U.S. Treasury...
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Crude Oil Lower; Talk of Additional Supply and Rising Covid Cases Weigh
By Peter Nurse Investing.com -- Oil prices weakened Monday on expectations of rising supply, while rising Covid-19 cases, particularly in Europe, weighed on the likely recovery of...
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Allianz Earnings, Revenue beat In Q3
Investing.com - Allianz (DE:ALVG) reported on Wednesday third quarter {{erl-347||earnings that beat analysts' forecasts and revenue that topped expectations. Allianz announced earnings per...
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Bubble Fears Are Rising as Financial Conditions Flash Boom Times
(Bloomberg) -- Bubble warnings are ringing louder after a week of dovish central bank bombshells stoked the easiest financial conditions in nearly four decades. BlackRock Inc (NYSE:BLK).’s...
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Wall Street Clinches Records as Jobs Report, Covid Optimism Spurs Bullish Bets
By Yasin Ebrahim Investing.com – The major averages ended the week at record highs Friday as a better-than-expected monthly jobs report and positive Covid-19 treatment news triggered a sea...
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El-Erian Sees Fed Risking Disorderly Taper Without Quick Action
(Bloomberg) -- Mohammed El-Erian has some advice for Federal Reserve Chairman Jerome Powell about tapering: Get going.The bond-market influencer has for months urged the Fed to reduce its...
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Forget Taper, Real Deal for Bonds at Jackson Hole Is Inequality
(Bloomberg) -- What policy makers say about economic inequality at this month’s Jackson Hole symposium is potentially a bigger deal for bond investors than any taper talk, according to one...
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Allianz Earnings, Revenue beat In Q2
Investing.com - Allianz (DE:ALVG) reported on Friday second quarter {{erl-347||earnings that beat analysts' forecasts and revenue that topped expectations. Allianz announced earnings per...
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Allianz Tanks As DoJ Starts Probe, Insurer Warns Of Impact
By Dhirendra Tripathi Investing.com – Allianz (DE:ALVG) stock fell 7% in Frankfurt as the U.S. Department Of Justice initiated a probe into allegations it had failed to safeguard pension...
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Fed History Suggests ECB Won’t Boost Inflation on Guidance Alone
(Bloomberg) -- European Central Bank policy makers have acknowledged that their new push to boost inflation expectations could take quite a while to kick in, according to officials familiar...
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El-Erian as Sure Inflation Will Stick as Three Other Right Calls
(Bloomberg) -- What bond-market guru Mohammed El-Erian said Friday was enough to make bond investors listen like they’re in an old E.F. Hutton commercial.“Inflation is not going to be...
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Fed Keeps Rates, Bond Purchases Steady; Signals Hikes in 2023
By Yasin Ebrahim Investing.com - The Federal Reserve kept interest rates and monthly bond buying steady, though signaled that it could hike rates sooner than previously expected. The...
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ECB Expected to Keep Its Higher Bond-Buying Pace Through Summer
(Bloomberg) -- The European Central Bank is increasingly expected by economists and investors to extend the elevated pace of its emergency bond-buying at its next meeting, despite a likely...
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Deals of the day-Mergers and acquisitions
May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:** Asset management services provider Sanne Group SNNS.L rejected buyout firm...
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Allianz Earnings, Revenue beat In Q1
Investing.com - Allianz (DE:ALVG) reported on Wednesday first quarter {{erl-347||earnings that beat analysts' forecasts and revenue that topped expectations. Allianz announced earnings per...
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GLOBAL MARKETS-Asia shares set for sluggish start after Wall Street retreats from record highs
By Chibuike OguhApril 7 (Reuters) - Asia equities are set for a sluggish open on Wednesday after Wall Street pulled back from record highs reached in previous sessions, as investors eye the...
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UPDATE 2-FTSE 100 logs strongest day in over two weeks on commodity-linked boost
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Miners biggest gainers on FTSE 100* UK retail sales rise 2.1% in February*...
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Commodity gains push European stocks to 1-week high
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)March 26 (Reuters) - European stocks rose on Friday, helped by gains in...
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UPDATE 1-UK Stocks-Factors to watch on March 26
(Adds futures, news items)March 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 37 points higher at 6,712 on Friday, according to financial bookmakers, with futures .FFIc1 up...
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Lennar Shares Zoom Higher on $4 Billion Venture to Buy Homes to Rent
By Dhirendra Tripathi Investing.com – Lennar (NYSE:LEN) zoomed to a record after saying it would set up a $4 billion venture to buy single-family homes to rent. The business will...
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