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BMW’s quarterly profit down 25% as China, tariffs weigh

By Rachel More BERLIN, May 6 (Reuters) - German premium carmaker BMW reported a sharp drop in first-quarter earnings as intense competition in China and tariff pressures weighed on performance, although it maintained its 2026 outlook for now. The company said on Wednesday that quarterly pretax... Read More.

Watchdog flags risks in banks’ growing private credit ties

By Phoebe Seers LONDON, May 6 (Reuters) - The fast-growing private credit industry's deepening links with traditional banks and asset managers create risks to the global financial system, the global Financial Stability Board watchdog said on Wednesday, warning some broader measures showed upwards trends... Read More.