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HONG KONG, China (AFP) — Banking giant HSBC said on Monday that pre-tax profit rose 28 percent to $5.92 billion in the third quarter, boosted by “strong revenue growth” in its main global businesses. Adjusted pre-tax profit rose 16 percent year-on-year to $6.2 billion, reflecting revenue growth that was partly offset by a rise in operating expenses, the bank said. That beat analysts’ estimate of $5.73 billion, according to Bloomberg News. “The strong revenue environment […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Amazon reported Thursday that its profit in the recently-ended quarter rocketed to $2.9 billion in a ten-fold increase from the same period last year. Net sales at the e-commerce colossus climbed to $56.6 billion in the third quarter, a 29 percent increase from the $43.7 in sales reported in the third quarter in 2017. However, analysts had expected an even stronger performance by Amazon, […]
by Rob Lever Agence France-Presse WASHINGTON, United States (AFP) — Twitter shares flew higher Thursday after the social network reported a record quarterly profit that helped investors look past a drop in the number of users due to the weeding out of fake and abusive accounts. The San Francisco group delivered a $789 million profit, including one-time gains, compared to a net loss of $21 million in the previous year, as revenues grew 29 percent […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Friday, a day after plunging 3.7 percent, with sentiment buoyed by a rally on Wall Street. The benchmark Nikkei 225 index turned up 0.60 percent or 126.75 points, to 21,395.48 in early trade while the broader Topix index was up 0.59 percent or 9.37 points at 1,610.29. Wall Street rebounded strongly on Thursday from the prior session’s rout on fears over slowing corporate earnings growth. Tech shares […]
TOKYO, Japan (AFP) — Tokyo’s Nikkei plunged more than 3.7 percent on Thursday, after a punishing session on Wall Street that saw major US indices wipe out all their 2018 gains. The benchmark Nikkei 225 index gave up 3.72 percent, or 822.45 points to 21,268.73, while the broader Topix index lost 3.10 percent, or 51.15 points, to 1,600.92. It was the worst close for the Nikkei in nearly seven months. The index began the day […]
(Eagle News) — Umaabot lamang sa 40 percent ng beneficiaries ng pantawid pasada program ng pamahalaan ang nabigyan ng P5,000 fuel subsidy kaugnay sa epekto ng Tax Reform for Acceleration for Inclusion (TRAIN) law. Ayon kay Finance Usec. Karl Kendrick Chua, sa kanilang tala noong Oktubre 22 ay umaabot lamang sa 56,154 jeepney franchise holders mula sa kabuuang 142,000 ang nakinabang sa nasabing programa. Ipinaliwanag ng opisyal na documentation ang siyang pangunahing dahilan kung bakit […]
FRANKFURT AM MAIN, Germany (AFP) — German sportswear group Puma raised its 2018 outlook Thursday after a stronger-than-expected third quarter, boosted by a new basketball shoe and some celebrity sparkle from model Adriana Lima and Barcelona striker Luis Suarez. The company’s net profit rose 25 percent year-on-year between July and September, to 77.5 million euros ($88 million). Operating, or underlying, profits soared 28 percent to 130 million euros, the leaping-cat brand said. Sales increased 11 […]
SAN FRANCISCO, United States (AFP) — Microsoft on Wednesday said its profit in the recently ended quarter soared on the back of revenue from services hosted in the internet cloud and its career-focused social network LinkedIn. Microsoft reported net income of $8.8 billion on revenue of $29.1 billion in the quarter that ended on September 30, up 34 percent and 19 percent respectively from the same period a year earlier. Shares in the Redmond, Washington-based […]
SAN FRANCISCO, United States (AFP) — Electric car maker Tesla on Wednesday reported a “historic” profitable quarter driven by demand for its Model 3 aimed at the mass market. Tesla said net income reached $311.5 million on revenue that more than doubled to $6.8 billion in the quarter that ended September 30. Shares in the company leapt 12 percent to $323.25 in after-market trades that followed release of the earnings figures for its fiscal third […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index dropped 2.67 percent on Tuesday amid lingering worries over geopolitical risks and ahead of the corporate earnings report season. The Nikkei 225 index dropped 2.67 percent or 604.04 points to end at 22,010.78, while the broader Topix index lost 2.63 percent or 44.59 points to 1,650.72. “Geopolitical risks linked to the EU and the Middle East dragged down share prices, extending falls on New York’s Dow,” Okasan […]
(Eagle News) — Isang letter of intent ang nilagdaan sa pagitan ng Hunan Province ng China at lalawigan ng Bulacan para sa pagpapaganda ng relasyon ng dalawang probinsya. Ang Bulacan kasi ang napili ng isang grupo ng mga investor mula sa Hunan Province para paglagakan ng 50 billion pesos investment. Kasama sa mga proyekto ang makabagong commercial center na itatayo sa Pandi, Bulacan sa susunod na taon. Magkakaroon ito ng shopping malls, techno hubs, call […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index dropped more than 1.8 percent on Monday, with pessimism over Japan-US trade negotiations and an expected tax hike weighing on the Japanese market. The Nikkei 225 index fell 1.87 percent or 423.36 points to close at 22,271.30, while the broader Topix index was down 1.59 percent or 27.01 points at 1,675.44. The declines came after US Treasury Secretary Steven Mnuchin said during the weekend the US wants […]
