Jan 24 (Reuters) – Microsoft Corp (MSFT.O) expects cloud revenue for the current quarter to be just below Wall Street expectations, dampening some enthusiasm for its pace of quarterly profit growth earlier on Tuesday. The shares initially rose sharply in after-hours trading, but lost steam after the company’s cloudy forecast. Microsoft said its smart cloud … Read more
Jan 19 (Reuters) – Following Moscow’s invasion of Ukraine, the world’s largest oil company SLB (SLB.N) has boosted its business in Russia by selecting service and equipment contracts for rivals who are gone, according to company documents and people familiar with its operations. While SLB’s continued embrace of Russia has drawn heavy criticism, interviews with … Read more
Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, … Read more
Dec 15 (Reuters) – ChatGPT, the new talk-about chatbot in Silicon Valley, can spit haikus, crack jokes in Italian and could soon be the bane of teachers around the world facing fake essays generated by the AI-powered technology. But one question he can’t fully answer is: how will OpenAI make money? The research body, co-founded … Read more
The jewelry sector sees its sales increase by 24% Profit from continuing operations increases by 40% President cautious on cost of living and rising interest rates ZURICH, Nov 11 (Reuters) – Shares of luxury goods group Richemont (CFR.S) soared as much as 21% in early trading on Friday after the owner of Cartier posted strong … Read more
TotalEnergies posts record profit of $9.9 billion Shell’s profit hits $9.45 billion Shell plans to increase its dividend LONDON/PARIS, Oct 27 (Reuters) – Europe’s two biggest energy companies Shell (SHEL.L) and TotalEnergies (TTEF.PA) reported third-quarter profits of more than $9 billion, although the gas division Liquefied Natural Gas (LNG) from Shell has struggled to take … Read more
Sale to the Russian public entity NAMI Nissan has the right to buy back business within six years Renault sees its H2 net profit hit by 331 million euros following its move TOKYO, Oct 11 (Reuters) – Nissan Motor Co Ltd (7201.T) will sell its Russia business to a state-owned entity for 1 euro ($0.97), … Read more
2021-22 profit drops 89% Expects first-half loss in 2022-23 Uncertainty means there are no full-year earnings forecasts Agrees to a new deal with lenders Stocks rebound 9% LONDON, Oct 19 (Reuters) – ASOS (ASOS.L), the former British star of the shift to online fashion retail, will review its business model after the economic crisis and … Read more
Oct 14 (Reuters) – Citigroup Inc (CN) beat third-quarter profit estimates on Friday as its lending business benefited from a series of interest rate hikes by the Federal Reserve and offset weakness elsewhere divisions such as investment banking and trading. After facing years of near-zero interest rates, banks are seeing a sharp rise in net … Read more