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ING reports $452 million Q1 profit, earnings hit by provisions at wholesale arm

AMSTERDAM (Reuters) – ING Groep (AS:INGA) NV, the largest Dutch bank, reported on Friday worse-than-expected first quarter net income of 429 million euros ($452 million), including provisions of 885 million euros at.

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Analysis: Banks face reversal of fortune from war and ‘great depression’

By Sinead Cruise and John O’Donnell LONDON/BERLIN (Reuters) – Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank.

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U.S. unemployment rate expected to fall to 3.5% in April, job gains to slow

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. unemployment rate likely dropped to its pre-pandemic low of 3.5% in April, while job growth moderated to a still brisk pace amid.

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‘Fortnite’ returns to iOS, Android devices via Microsoft’s Xbox Cloud Gaming

(Reuters) -Users of Xbox Cloud Gaming will now be able to play “Fortnite” for free on devices powered by Google-owned Android and Apple’s iOS thanks to a partnership between Microsoft Corp (NASDAQ:MSFT).

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BNP Paribas expects four U.S. Fed rate hikes of 50 bps each

HONG KONG (Reuters) – Analysts at BNP Paribas (OTC:BNPQY) expect the U.S. Federal Reserve to hike interest rates by 50 basis points at each of its next four policy meetings,.

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Running on hope, China markets want action, not more policy pledges

By Tom Westbrook SINGAPORE (Reuters) – Promises of policy support and a possible meeting between tech giants and China’s leaders this week have helped stem a rout in the country’s.

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Analysis-Qatar scores as World Cup host but may not net long-term goals

By Andrew Mills DOHA (Reuters) – Tucked behind Doha’s $300-million Lusail Boulevard, where construction workers are toiling to transform desert into a Champs-Elysees-inspired commercial thoroughfare before the 2022 soccer World.

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Mexico to boost output of staple foods in plan to curb inflation

MEXICO CITY (Reuters) -Mexico will increase production of staple foods such as corn, rice and beans as part of a plan agreed with business leaders to control consumer price inflation.

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Inflation pushing more borrowers with low FICO scores to default – study

NEW YORK (Reuters) – Soaring inflation pushing the price up for everyday items like gas and groceries in the United States is leading consumers with low credit scores to borrow.

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Record high U.S. job openings, resignations likely to fuel wage inflation

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help.

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