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Wednesday, March 20, 2019

BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts

BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs.


from Reuters: Business News https://ift.tt/2USwLjK

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US holds rates steady despite economy fears

The US central bank warns that economic uncertainty has "increased". from BBC News https://ift.tt/V0ZjlF8