Business
Morgan Stanley’s profit jumps on recovery in dealmaking
MORGAN Stanley’s profit rose in the third quarter, fuelled by a rebound in dealmaking that also helped its rivals. The investment bank…
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profit
Business
Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record
MORGAN Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its…
Business
Goldman Sachs profit jumps 45% as dealmaking activity rebounds
GOLDMAN Sachs’ profit has jumped 45 per cent in the third quarter, as the investment bank benefited from a rebound in dealmaking. It…
Business
India’s Reliance reports drop in Q2 profit on weaker fuel margins
INDIA’S Reliance Industries reported a drop in second-quarter profit on Monday, hurt by weak fuel refining margins and lower demand for…
Business
TSMC third-quarter profit seen jumping 40% on strong AI chip demand
TAIWAN Semiconductor Manufacturing Company (TSMC), the main producer of advanced chips used in artificial intelligence (AI) applications,…
Business
Wells Fargo’s profit falls on lower interest income
WELLS Fargo’s profit fell in the third quarter as the bank’s interest income was squeezed by subdued loan demand and higher payments to…
Business
JPMorgan profit drops as it sets aside bigger provisions, but interest income climbs
JPMORGAN Chase’s third-quarter profit dropped as it set aside more money to cover potential loan defaults, while rising interest payments…
Business
Delta forecasts record Q4 profit on improved pricing, strong holiday bookings
DELTA Airlines said on Thursday (Oct 10) that the current quarter has shaped up to be one of the most profitable fourth quarters in its…
Business
Uniqlo owner Fast Retailing posts 31% rise in full-year profit, beats estimates
JAPAN’S Fast Retailing, owner of clothing brand Uniqlo, booked its third consecutive year of record earnings on Thursday (Oct 10), boosted…
Business
Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit…
Business
Samsung apologises for disappointing profit as it struggles in AI chips
SAMSUNG Electronics estimated on Tuesday (Oct 8) that its third-quarter operating profit jumped nearly four-fold but missed analysts’…
Business
Samsung’s profit recovery seen weakening in Q3
SAMSUNG Electronics is expected to flag more than a four-fold jump in quarterly profit on Tuesday (Oct 8) on improving demand for chips,…
Business
Aston Martin plunges as supply woes prompt profit warning
SHARES of Aston Martin Lagonda Global plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain…
Business
Volkswagen’s second profit warning exposes a carmaker in decline
VOLKSWAGEN’s (VW) second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German…
Business
Commerzbank to begin talks with UniCredit as it woos investors with profit goals
Commerzbank will hold a first round of talks with UniCredit on Friday (Sep 27) as the Italian lender presses for a possible tie-up, the…
Business
Opinion: Silicon Valley is maximizing profit at everyone's expense. It doesn't have to be this way
A public battle has broken out among the titans of Silicon Valley. One side, led by Elon Musk, PayPal co-founder Peter Thiel and venture…