Infosys ADR (American Depository Receipt) shares fell 6.78 percent on April 18 on NYSE after the IT services company posted its earnings for the quarter ended March 31, 2024. Infosys, in its FY25 outlook, slashed its revenue guidance to 1-3 percent, below analyst estimates, as weakness continued in discretionary and digital projects.
Open FlipFRANKFURT | MADRID: Spain's Santander will exit the mortgage business in Germany and cut around 500 jobs there by the end of 2026 as part of a process to concentrate on more profitable activities, a spokesperson for the lender told Reuters on Wednesday. Germany has been going through its worst real estate crisis in decades.
Open FlipFRANKFURT: Building permits for apartments in Germany fell 18.3% in February from a year earlier, government data on Thursday showed, underscoring a continued downturn in demand in the construction and real estate industry. Germany has been jolted by the most severe slump in the property sector in decades. Some 18,200 permits were issued.
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