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Volkswagen profit drops in first quarter

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BERLIN, April 30 (Reuters) - Volkswagen on Thursday reported an unexpected 14% decline in operating profit at the start of the year as it faces tariff pressures, geopolitical uncertainty and stiff competition from Chinese brands. The German auto group, which includes subsidiaries Porsche and Audi,... Read More.

ArcelorMittal beats earnings view as EU steel measures begin to bear fruit

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By Javi West Larrañaga April 30 (Reuters) - ArcelorMittal, the world's second-largest steelmaker, reported stronger-than-expected core earnings on Thursday, helped by higher steel prices and improved performance in its North America business. The Luxembourg-based company posted first-quarter core earnings of $1.68 billion, beating analysts' average estimate... Read More.

Analysis-Big funds bet billions on mining supercycle

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By Clara Denina, Pratima Desai and Melanie Burton LONDON, April 30 (Reuters) - Major fund managers are heralding a sustained rally in mining and metals as money floods into the sector at the fastest pace in years, driven by robust AI infrastructure, rising defence spending... Read More.

Central bank hawks spook bonds, tech untroubled

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A look at the day ahead in European and global markets from Stella Qiu Jerome Powell's parting gift as Fed Chair was a proper hawkish tilt - the U.S. central bank held interest rates steady but in the most divided vote since 1992 three regional... Read More.
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