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Santander's net profit climbs to 2.4 bn euros in Q3
Santander's net profit climbs to 2.4 bn euros in Q3
by  AFP

Spanish banking giant Banco Santander on Wednesday announced an 11-percent increase in net profits year-on-year in the third quarter. Ana Botin, the executive chair of Banco Santander, said the group had delivered a "strong quarter with revenues increasing and profitability remaining above target... supported by our rock-solid balance sheet".

China fiscal deficit balloons to nearly $1 trillion as economy cools
China fiscal deficit balloons to nearly $1 trillion as economy cools
by  AFP

China's fiscal deficit ballooned to an all-time high of nearly $1 trillion in the first nine months of the year, analysis of government data by Bloomberg showed, as a real estate crisis and tax rebates to boost a cooling economy emptied government coffers. China's economy grew 3.9 percent year-on-year in the third quarter, data showed this week, beating expectations.

Asian markets rally with Wall St on rate hope, healthy earnings
Asian markets rally with Wall St on rate hope, healthy earnings
by  AFP

Asian stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from big-name firms while hopes for a slowdown in Federal Reserve rate hikes spread cheer. The prospect of a slowdown in US rate hikes helped weaken the dollar, which has surged against most currencies this year.

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