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08.29 - Powell also puts pressure on Hong Kong stock market

In Hong Kong too, the hawkish statements of Fed Chairman Jerome Powell are causing panic in the stock market. The Hang Sen Index dropped 2.55 percent.

  • The Shanghai Stock Exchange Composite Index was able to limit losses to 0.05 percent.
  • Japan's Nikkei225, on the other hand, was able to keep its head above water and added 0.5 percent.

08.21 - TINC sees profits rise

has seen results rise in the first six months of its extended eighteen-month fiscal year.

  • Net profit amounted to EUR 21.5 million. A year ago TINC posted a net profit of EUR 18.2 million.
  • TINC targets a gross distribution of at least 0.84 euro per share for the current extended fiscal year. The distribution will in principle take place in May 2024.

07.49 - Adidas severely cuts dividend

Adidas shareholders will receive a dividend of $0.7 for the 2022 fiscal year. That is a sharply lower profit share than a year earlier. Back then, they had received a dividend of $3.3.

  • That decision comes after the sports brand saw profits fall sharply. That amounted to a net 254 million dollars last year, compared to 1.49 billion dollars in 2021

07.24 - Nicolas Beaussillon steps aside as CEO of Wereldhave Belgium

Nicolas Beaussillon will step down as CEO of Wereldhave Belgium as of March 31.

  • His departure is accompanied by a transition phase during which he will remain available to the company to ensure a smooth transition.
  • The search for a successor to Beaussillon has now begun.
  • The departing CEO stated in a statement that he leaves behind a company with a solid foundation.

07.09 - Powell talks Wall Street down

US stock markets dipped lower yesterday after Jerome Powell announced a possible acceleration of interest rate hikes by the Fed, if economic data remain as strong.

  • The S&P500 index fell 1.5 percent.
  • Technology exchange Nasdaq lost 1.2 percent.
  • The Dow Jones index lost 1.7 percent.

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