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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt'll be difficult for Europe to attract LNG if China's energy demand rebounds, economistReinhard Cluse, chief eurozone economist at UBS Investment Bank, says China hasn't been consuming as much energy as it used to, which has allowed Europe to direct global LNG glows from Asia toward Europe.
UniCredit ups 2022 profit goal after Q3 earnings beat
  + stars: | 2022-10-26 | by ( Valentina Za | ) www.reuters.com   time to read: +2 min
MILAN, Oct 26 (Reuters) - Italy's No.2 bank UniCredit (CRDI.MI) on Wednesday raised its 2022 profit goal above 4.8 billion euros ($4.8 billion), helped by higher interest rates and lower loan loss provisions that also drove quarterly earnings above forecasts. UniCredit posted a profit for July-September of 1.71 billion euros, well above analysts' consensus forecast of 1.00 billion euros provided by the bank. UniCredit had already improved its 2022 guidance in July, indicating a net profit target of around 4 billion euros. Quarterly earnings were also boosted by much higher than expected trading income, which UniCredit said had been helped by companies' demand for hedging products. The erosion reflects a second share buyback UniCredit is carrying out as it hits a goal of returning 3.75 billion euros of last year's earnings to shareholders.
The precious metal has come under pressure this year, with the dollar's big gain weighing on gold prices. I think inflation is going to win. Higher real rates imply a higher cost of carry for gold, due to increased competition from higher-yielding investments. "They are something you keep in your portfolio, because when you need them, they work and that's the history of gold and gold equities. He added that he continues to see a "very strong" market for gold and gold equities over the longer-term.
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