Big Tech’s Disappointing Earnings Erase $200 Billion in Value
The so-called Magnificent Seven technology companies that have powered this year’s US stock rally are posting disappointing earnings,
2023-10-26 17:51
Nomura Redraws China Strategy, Cuts Jobs After Losses Deepen
Nomura Holdings Inc. is overhauling its China business after losses there snowballed, reflecting setbacks to plans by Japan’s
2023-10-26 16:23
PizzaExpress Circles In on Wagamama: The London Rush
This morning’s news deluge offers good occasion to think about lunch early: Wagamama owner The Restaurant Group Plc
2023-10-26 15:55
Philippines Announces Quarter-Point Rate Hike in Off-Cycle Move
The Philippine central bank resumed tightening monetary policy as it lifted its benchmark interest rate by 25 basis
2023-10-26 15:48
Unilever Rules Out Big M&A as New CEO Sets Out His Strategy
Unilever Plc ruled out any major acquisitions as new Chief Executive Officer Hein Schumacher set out a strategy
2023-10-26 15:28
Australia Is Struggling to Meet Its Agriculture Goals Amid Climate Chaos
Droughts and forest fires are among threats that may scupper Australia’s ambitions to bolster its farming industry into
2023-10-26 15:28
PwC Australia spin-off Scyne Advisory cuts 78 jobs
By Lewis Jackson SYDNEY PwC Australia said on Thursday that dozens of staff who had been set to
2023-10-26 14:49
Hyundai’s Profit Beats Estimates on Luxury Car and EV Growth
Hyundai Motor Co. reported third-quarter earnings that beat analyst forecasts thanks to strong sales of luxury models and
2023-10-26 14:23
Mercedes Sees Profit Margin Pressure on Costs, Weaker Demand
Mercedes-Benz Group AG sees car-making margins at the low end of its forecast this year due to rising
2023-10-26 14:21
EU to Include Greece-Egypt Power Link on Mutual Interest List
The European Union proposed to include a plan to link the power grids of Greece and Egypt on
2023-10-26 14:15
StanChart Profit Misses Estimates With China Impairments
Standard Chartered Plc’s profit missed estimates in the third quarter as the lender took charges related to investments
2023-10-26 13:58
BNP Paribas Bond Trading Slides as EU Banks Trail Wall Street
BNP Paribas SA posted weaker revenue from fixed-income trading in the third quarter, adding to evidence that European
2023-10-26 13:55